Assistant Underwriter - (Lansing, MI)

Assistant Underwriter JOB OVERVIEW: The underwriting function analyzes real estate debt and equity investments and assesses the risks and mitigants associated with such. Generally, this includes ensuring that the proposed investment is sound real estate, that it meets stated underwriting guidelines, and that it will provide underwritten financial benefits. REPORTING RELATIONSHIP : Reports to the Chief Underwriter. DUTIES & RESPONSIBILITIES: 1. Preparing financial pro formas for potential real estate investments 2. Assessing the financial strength and capacity of the development team 3. Assessing the real estate market where the proposed investment will be located to: a. Verify the primary market area b. Identify market comparables c. Confirm rent and occupancy levels at comparables d. Identify future developments that may impact demand e. Determine reasonableness of proposed rents