The Amherst Group Limited
Associate, Underwriting
The Amherst Group Limited, Austin, Texas, us, 78716
The Amherst Group's companies are comprised of leading real estate investment and advisory firms with a mission to transform the way real estate is owned, financed and managed. Amherst leverages its proprietary data, analytics, technology, and decades of experience to seek solutions for a fragmented, slow-to-evolve real estate ecosystem and to materially improve the experience for residents, buyers, sellers, communities, and investors. Today Amherst has over 1000 employees and $14.1 billion in assets under management.
Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst's debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.
The general role of the Associate, Underwriter is to work with the Executive Director, Private Equity to support real estate acquisitions with underwriting new transactions entering the pipeline and manage the process throughout the various stages of the acquisition process. This role will be designated as a full time in office role based in our Austin, TX location.
Responsibilities
Financial and valuation analysis of potential acquisitions of single family rental propertiesEffectively identify and articulate the major risks associated with an investment opportunity in both verbal and written formatPerform and provide expertise on all aspects of the financial modeling, focusing on unleveraged, leveraged and structured analysis of institutional real estate. Excel modeling expertise is a significant advantageResearch and evaluate economic, demographic, and real estate market dataManage the overall investment process by conducting due diligence and research market conditions including physical assessment, location assessment, rent comparables, sales comparables and replacement costs while working with internal and external teamsCommunicate and develop recommendations for 3rd party providers and clientsSet guidelines, policies, and procedures to ensure valuations are performed consistently, and conform to existing market values and trendsQualifications:
Minimum of 4 years of experience in the underwriting of equity investments in commercial real estateUndergraduate degree is required, advanced degree or applicable experience a plus.Multi-family and/or SFR experience a plusStrong analytical/quantitative and technical abilities, organizational skills, and attention to detailStrong leadership, initiative, and interpersonal skillsAbility to manage multiple projects concurrentlyHigh energy with an ability to work in a fast-paced environmentProficiency in common Adobe and Microsoft Applications (Office, Excel, Word, Powerpoint)Our full-time employee benefits include:
A competitive compensation package, annual bonus, 401k matchFlexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer dayEmployer-paid benefits (medical, dental, vision, health savings account)Professional career development and reimbursementUp to 16 weeks paid maternity leave; up to 4 weeks of paid parental leaveBackup childcare offered through Bright Horizons
Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.
Over the past decade, Amherst has scaled its platform to become one of the largest operators of single-family assets and has acquired, renovated, and leased more than 46,000 homes across 32 markets in the U.S. The firm delivers customized, stabilized cash-flowing portfolios of assets to its investors, wrapped in all the ongoing services required to manage, own, and finance the asset including property management, portfolio management, and a full capital markets team. In addition to its single-family rental platform, Amherst's debt business pursues two distinct credit strategies in mortgage-backed securities and commercial real estate lending. Over its 25-year history, Amherst has developed a deep bench of research and technology talent, and leverages data and analytics at every stage in the asset lifecycle to improve operations and preserve long-term value for our investors and the more than 188,000 residents the firm has served.
The general role of the Associate, Underwriter is to work with the Executive Director, Private Equity to support real estate acquisitions with underwriting new transactions entering the pipeline and manage the process throughout the various stages of the acquisition process. This role will be designated as a full time in office role based in our Austin, TX location.
Responsibilities
Financial and valuation analysis of potential acquisitions of single family rental propertiesEffectively identify and articulate the major risks associated with an investment opportunity in both verbal and written formatPerform and provide expertise on all aspects of the financial modeling, focusing on unleveraged, leveraged and structured analysis of institutional real estate. Excel modeling expertise is a significant advantageResearch and evaluate economic, demographic, and real estate market dataManage the overall investment process by conducting due diligence and research market conditions including physical assessment, location assessment, rent comparables, sales comparables and replacement costs while working with internal and external teamsCommunicate and develop recommendations for 3rd party providers and clientsSet guidelines, policies, and procedures to ensure valuations are performed consistently, and conform to existing market values and trendsQualifications:
Minimum of 4 years of experience in the underwriting of equity investments in commercial real estateUndergraduate degree is required, advanced degree or applicable experience a plus.Multi-family and/or SFR experience a plusStrong analytical/quantitative and technical abilities, organizational skills, and attention to detailStrong leadership, initiative, and interpersonal skillsAbility to manage multiple projects concurrentlyHigh energy with an ability to work in a fast-paced environmentProficiency in common Adobe and Microsoft Applications (Office, Excel, Word, Powerpoint)Our full-time employee benefits include:
A competitive compensation package, annual bonus, 401k matchFlexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer dayEmployer-paid benefits (medical, dental, vision, health savings account)Professional career development and reimbursementUp to 16 weeks paid maternity leave; up to 4 weeks of paid parental leaveBackup childcare offered through Bright Horizons
Amherst is proud to be an Equal Opportunity Employer and committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, color, religion, national origin, gender, pregnancy, sexual orientation, gender identity, age, physical or mental disability, genetic information or veteran status, and encourage all applicants to apply.