Real Estate Underwriter – Financial Modeling

Invest with Roots

Real Estate Underwriter supporting financial modeling and analysis for acquisitions at Roots. Collaborating with teams on investment decision-making and improving underwriting processes.

Posted 6/30/2026full-timeRemote • 🇺🇸 United StatesJuniorMid-LevelWebsite

About the role

Key responsibilities & impact

Build and maintain pro forma models for potential acquisitions across multiple asset types and deal structures.
Analyze deal economics, including cash-on-cash returns, IRR, equity multiples, NAV impact, yield on cost, debt service coverage, and sensitivity to key assumptions.
Stress-test assumptions around rent growth, operating expenses, cap rates, exit timing, leverage, interest rates, hold periods, and capital needs.
Partner with acquisitions, asset management, finance, and leadership to translate deal terms, business plans, and market assumptions into clear model inputs.
Evaluate potential acquisitions across asset types such as multifamily, build-to-rent, mixed-use, value-add, and other residential-focused real estate opportunities.
Support capital structuring analysis, including debt assumptions, equity requirements, refinancing scenarios, and investor return profiles.
Maintain and update models as deals move through the pipeline, from initial screening through investment committee review and closing.
Review operating statements, rent rolls, market comps, loan terms, third-party reports, and other diligence materials to support underwriting assumptions.
Identify key risks, sensitivities, and value drivers in each deal and clearly communicate them to the team.
Summarize model outputs into clear investment memos, decision-support materials, and committee-ready presentations.
Support ongoing portfolio performance analysis, including actual-to-budget reviews, valuation updates, NAV-related analysis, and scenario planning.
Help improve our underwriting process, model templates, internal reporting, and investment committee materials as the team continues to grow.

Requirements

What you’ll need

2–5 years of experience in real estate finance, acquisitions, investment banking, private equity, asset management, or a similar analytical role.
Strong real estate financial modeling experience, including acquisition models, operating projections, debt schedules, return calculations, and sensitivity analysis.
Advanced Excel skills and comfort building, auditing, and improving complex models.
Strong understanding of commercial real estate fundamentals, including valuation methods, cap rates, NOI, debt structures, refinancing assumptions, waterfall mechanics, and investor return metrics.
Experience analyzing multifamily, build-to-rent, mixed-use, value-add, or residential real estate investments is strongly preferred.
Comfort working with deal materials such as rent rolls, operating statements, market comps, loan terms, appraisals, inspections, and due diligence reports.
Strong attention to detail and the ability to work efficiently under deal-cycle timelines.
Clear written and verbal communication skills, with the ability to explain model outputs and investment considerations in plain English.
Curiosity, sound judgment, and the ability to ask good questions when assumptions, inputs, or deal terms are unclear.
Bachelor’s degree in Finance, Real Estate, Accounting, Economics, Business, or a related field preferred.

Benefits

Comp & perks

equal employment opportunities to all individuals, regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or Veteran status
diversity fuels creativity and innovation, enhancing the quality of our work and the strength of our team.

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Financial ModelingAcquisition ModelsSensitivity AnalysisReturn CalculationsDebt SchedulesValuation MethodsCap RatesNOIWaterfall MechanicsInvestor Return Metrics

Soft Skills

Attention to DetailCuriositySound JudgmentEffective CommunicationAbility to Work Under Pressure