Job Description

  • Acquisitions Underwriting Analyst

    Posted Date1 month ago(10/17/2018 4:56 PM)
    Job ID
    2018-2869
    Job Location
    US-AZ-Scottsdale
    Category
    Real Estate Acquisitions
    Company
    Scottsdale
  • Overview

    The Acquisitions Underwriting Analyst is responsible for making decisive offers on behalf of Progress Residential by accurately valuing potential acquisitions of single-family rental homes. Leveraging the company’s best in class acquisition platform; the candidate will identify, prioritize, underwrite, offer, and negotiate on hundreds of properties a month through multiple acquisition channels. Through in-person market tours and methodical analysis, the Acquisitions Underwriting Professional is expected develop and maintain an in-depth understanding of their assigned market(s), including, rental rates, property values, competitor activity, and potential bulk sale opportunities.

    Essential Functions:

    • Perform investment analysis and underwriting of single-family residences offered for sale via MLS, Auction, Bulk or New Construction which meet the Company’s purchase criteria and return / yield expectations
    • Complete Comparative Market Analysis (CMA’s) using comparable properties and appraisal methodology to accurately determine property values
    • Incorporate real-time leasing performance trends into neighborhood and asset selection, by underwriting inclusive of supply-demand trends to better inform market rents
    • Manage offer success ratios to achieve our desired acquisition targets with the highest levels of resource efficiency

    Qualifications:

    • Possess understanding underwriting functions
    • Strong organizational skills, attention to detail, and the ability to handle multiple tasks, projects and deadlines
    • Technically proficient in Windows, Microsoft Office applications (especially Word, Excel, Access, and Power Point) and other computer applications
    • College degree or equivalent related work experience required
    • Prior real estate and underwriting experience preferred
    • Experience with property valuations and market data
    • Ability to collaborate and act decisively
    • Highly motivated, with the ability to interact effectively inside and outside the organization
    • Detail oriented
    • Excellent listening, verbal and written communication skills
    • Good organizational skills with the ability to multi-task, prioritize with timely follow up
    • Strong negotiation skills
    • Requires abstract thinking and creative solutions

    Closing Statement:

    This brief summary is not an all-inclusive description of job duties. Other job duties and responsibilities may also be assigned by the incumbent’s supervisor at any time based upon Company need.

    Progress Residential is a proud Equal Opportunity employer, m/f/d/v.

    IND3

    Application Instructions

    Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!

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