Underwriting Analyst, Asset Management

Amherst Holdings LLC Austin , TX 78719

Posted 2 months ago

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.

Real Estate Underwriting Analyst - Austin, TX

Amherst is revolutionizing the way U.S. real estate is priced, managed and financed in order to unlock opportunities for all market participants. Driven by data, analytics, and technology, Amherst has a 20-year history of anticipating where the next risks and opportunities are likely to emerge and designing actionable strategies for investors to capitalize on opportunities across residential real estate, commercial real estate and public securities. Amherst, along with its affiliates and subsidiaries, has more than 900 employees, $5 billion under management and approximately $15 billion under advisement and oversight. www.amherst.com.

The Amherst Residential platform provides a comprehensive suite of services to facilitate the ownership of single-family rental properties, including property management services, asset-level financing, and asset management services. With a deep understanding of and proprietary analytics on the single-family home and mortgage markets, Amherst's platform combines a unique combination of national scale with local market knowledge and execution.

The Asset Management team oversees the investment strategy and asset management for Amherst's $15bn real estate portfolio and is looking for an Underwriting Analyst who will work in a fast-paced, quantitatively driven environment, and is comfortable managing and streamlining various high impact projects and decisions across the portfolio. They will be working on the buy-side acquisitions platform in the single-family residential real estate sector and be involved in identifying, underwriting, due diligence and concession negotiation management across Amherst's new acquisition opportunities The Analyst will also play a pivotal role in the ongoing revenue management pricing and strategy for our existing portfolio of 45,000+ homes.

Job Responsibilities:

  • Underwrite and locate investment opportunities using market comparables to determine accurate rent, value, and initial bid price for a single-family asset

  • Centrally participate in the acquisition of single-family homes by tracking the asset through various phases of the deal lifecycle

  • Construct detailed and holistic presentations to report on market trends and strategies for senior management to inform investment strategies across the organization

  • Underwrite and monitor the rental market to analyze existing portfolio performance and help with revenue management strategies for various regions across Amherst's 45,000+ homes portfolio

  • Collaborate and drive strategic initiatives across Amherst's operating partners to improve margins and returns

  • Expected to work in the Austin, TX office five days a week

Desired Skills and Experience:

  • Bachelor's degree required, specialty focus in Real Estate or Finance a plus

  • 0-2 years of relevant experience in underwriting, brokerage, or other real estate related disciplines

  • Fluent in Microsoft Excel and PowerPoint, knowledge of SQL and Python a plus

  • Strong academic background with focus in finance, real estate, accounting, or math preferred

  • Top-ranked performer with a track record of success (academic, professional)

  • Strong verbal and written skills to communicate effectively with internal and external professionals

  • Candidate should be extremely detail-oriented and organized with a proven ability to work well in a high-intensity environment to complete tasks quickly and effectively

  • Ability to prioritize multiple deadlines while delivering a high quality product under tight time constraints

  • Desire to work on a highly collaborative, fast paced team

What we offer:

Amherst is a privately held corporation located in Austin, TX with offices in Downtown Austin and East Austin.

  • A competitive compensation package, annual bonus, 401k match

  • Flexible PTO, 8 paid holidays

  • Employer-paid benefits (medical, dental, vision, health savings account)

  • Professional career development and reimbursement

  • On-premise fitness center, locker rooms

  • Daily catered lunches, fully stocked kitchen with snacks/drinks

  • Relaxed casual environment and weekly/quarterly office events!

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.

Our full-time employee benefits include:

  • A competitive compensation package, annual bonus, 401k match

  • Flexible PTO including 7 paid holidays, 1 floating holiday, and 1 volunteer day

  • Employer-paid benefits (medical, dental, vision, health savings account)

  • Professional career development and reimbursement

  • Up to 16 weeks paid maternity leave; up to 4 weeks of paid parental leave

  • Backup 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.


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Underwriting Analyst, Asset Management

Amherst Holdings LLC