Real Estate Underwriting Finance Jobs

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Real Estate Finance & Investment Specialist (Underwriting & Transaction Management)

The Community Preservation Corporation New York, NY

New York, NY

Today

$90k - $110k/yr Full time Accounting Affordable Housing Finance Analytical Skills

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Job Description

Join The Community Preservation Corporation (CPC) Building Innovation team to support the launch of a High-Performance Housing Fund and a new predevelopment lending program through underwriting, diligence, and transaction pipeline management for affordable and workforce housing.

Responsibilities

Coordinate predevelopment financing applications, partnering with consultants, borrowers, and CPC staff to compile required financial, technical, and program documentation.
Own assigned transactions and workstreams, including application screening, eligibility and financial-feasibility analyses, stakeholder coordination, deliverable tracking, and next-step execution.
Structure and evaluate financing approaches supporting energy efficiency, utility efficiency, and natural hazard resilience improvements.
Manage underwriting and due diligence for predevelopment and subordinate loans from origination through closing, coordinating internal CPC teams, borrowers, legal counsel, consultants, and third-party vendors.
Perform credit and feasibility analysis using historical operations, rent rolls, market conditions, development budgets, and financing assumptions to assess cash flow, debt capacity, transaction feasibility, and credit risk.
Underwrite preferred equity investments, evaluating capital structure, distribution waterfalls, sponsor economics, projected returns, exit and refinancing assumptions, and downside protection.
Build and review Excel-based financial models, including operating projections, debt sizing, sources and uses, investment returns, and sensitivity and downside analysis.
Conduct site inspections and review third-party reports, including appraisal, engineering, environmental, zoning, flood, title, and insurance materials to identify property-level risks.
Assess borrower and sponsor creditworthiness through financial statement analysis, liquidity, credit history, organizational structure, experience, and real estate holdings.
Prepare underwriting and investment memoranda and present material risks and recommendations to CPC Credit and Investment Committees.
Identify and communicate material credit, execution, and closing risks and recommend solutions.
Maintain due diligence checklists and application schedules, monitor deliverables, resolve information gaps, and support complete, timely submissions.
Maintain visibility into the Climate Lending & Investing transaction pipeline and progress opportunities through screening, evaluation, underwriting, approval, documentation, legal review, and closing.
Review borrower reporting and portfolio information to identify emerging issues and coordinate appropriate follow-up or escalation with internal and external stakeholders.
Perform other related duties as assigned.

Requirements

Bachelor’s or Master’s degree in Finance, Economics, Urban Planning, Real Estate, or other related field (preferred).
5 years of experience in multifamily real estate underwriting, equity investment analysis, or structured finance (preferred).
Proactive self-starter with demonstrated ability to anticipate needs and advance work independently.
Strong sense of ownership and accountability, with a track record of driving projects forward.
Collaborative, relationship-driven approach with willingness to engage colleagues and external partners directly.
Comfort navigating ambiguity, exercising sound judgment, establishing priorities, and acting with incomplete information.
Exceptional analytical, problem-solving, and organizational skills.
Expertise in Microsoft Word, Excel, PowerPoint, and Adobe products, plus understanding of how to effectively deploy AI platforms and tools.
Strong Excel financial modeling skills, including real estate cash flow modeling, debt sizing, investment returns, and sensitivity analyses (preferred).
Knowledge of preferred equity and subordinate capital structures, including evaluation of returns, distribution waterfalls, sponsor economics, refinance and exit assumptions, and downside risk (preferred).
Knowledge of HUD multifamily programs and/or Fannie Mae and Freddie Mac loan products is recommended.
Familiarity with energy efficiency, renewable energy, and natural hazard resilience building measures (preferred).
Effective written and oral communication skills.

Technologies

Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Adobe products
AI platforms and tools

Benefits

Competitive compensation
401(k) retirement plans with employer match
Medical, dental, and vision benefits for employees and their dependents
Commuter benefits
PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
Tuition assistance program
Two “work from anywhere” weeks per year
Summer Fridays
Collaborative working spaces
Service days to support communities
Employee development and engagement events

Role summary

Help shape affordable and workforce housing finance by supporting innovative lending and investment strategies for high-performance multifamily housing.
Work closely with the Senior Director, Strategy & Credit Risk to support launch activities for the High-Performance Housing Fund and a predevelopment lending program for affordable housing projects incorporating natural hazard resilience and utility efficiency improvements.
Combine real estate underwriting and financial analysis with transaction and pipeline management and cross-functional program support.
Independently manage multiple workstreams, moving transactions from initial evaluation through underwriting, due diligence, closing, and ongoing monitoring.
Support initial evaluation of proposed predevelopment and subordinate loans and preferred equity transactions for the credit review process in coordination with the Chief Risk Officer and/or CPC Credit and Investment Committees.
Contribute to development of new financing solutions, expand market knowledge, and support growth of the affordable housing industry’s capacity for high-performance housing investments.

Location: New York, NY (hybrid) | Compensation: USD 90,000 - 110,000 per year | Experience: 5+ years

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