Associate, Underwriting

Bellwether

Associate, Underwriting responsible for structuring complex commercial real estate investments. Collaborating with the underwriting team through due diligence and closing processes.

Posted 6/25/2026full-timeEl Segundo • California • 🇺🇸 United StatesJuniorMid-Level💰 $120,000 - $130,000 per yearWebsite

About the role

Key responsibilities & impact

Lead the analysis, underwriting and structuring of new investments;
Size and price investments with structural features;
Participate in negotiations of term sheets and loan documents;
Coordinate the due diligence process including managing third-party service providers such as appraisers, engineers, consultants, etc., and conduct critical review and analysis of all third-party reports;
Identify potential risks and challenges associated with a transaction and provide ideas for solutions and risk mitigants;
Gather, analyze and interpret real estate market data/trends and financial information;
Prepare and present final due diligence findings to Investment Committee;
Conduct comprehensive site inspections, including sale and rent comparable properties;
Execute and oversee the closing process of transactions;
Underwrite all asset classes using Excel-based underwriting models, including complex cash flow, DCF, IRR and fund/partnership waterfall modeling;
Build Excel models from scratch for ad-hoc analysis;
Maintain and analyze budgets, prepare periodic reports that compare budget to actual;
Lead transition meetings between deal teams and asset management teams to effectively onboard each new asset or financing; and
Maintain strong relationships with external auditors and internal partners.

Requirements

What you’ll need

A minimum of 3 years of relevant experience
Highly proficient in Microsoft Excel and PowerPoint
Highly proficient in ARGUS
Bachelor’s degree required

Benefits

Comp & perks

Employer-paid Medical, Dental & Vision, with buy-up options available
Flexible Spending Account, Health Savings Account
Carrot Fertility Benefit - $10,000 lifetime benefit
401k company match 4%, immediately vested
Generous PTO, 11 Paid Company Holidays & Paid Holiday Office Closure
14 weeks Maternity Leave & 12 weeks Parental Leave
Wellbeing program offerings
Cell phone reimbursement
Engaging team events & holiday parties

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

underwritingfinancial analysiscash flow modelingDCF modelingIRR modelingfund/partnership waterfall modelingbudget analysisExcel modelingsite inspectionsdue diligence

Soft Skills

negotiationcritical thinkingproblem solvingrelationship managementcommunicationpresentation skillscoordinationleadership