Commercial Real Estate Analyst: Origination & Underwriting

National Life Group; Montpelier (VT); On-site; USD 54,000 - 79,000; Full time

Benefits offered by this job

Benefits start day one

Job summary

National Life Group’s Commercial Real Estate team is seeking a thoughtful Analyst to support origination, underwriting, and closing of commercial mortgage investments. You will contribute to financial modeling, credit analysis, and market research to guide investment decisions and portfolio management.

This onsite role requires four core days in the office (Mon-Thu) with potential flexibility; candidates should have a Finance/Real Estate background, 2+ years of experience, and strong

Qualifications

• Bachelor’s degree in Finance, Real Estate, or related field and 2+ years of experience.
• Strong Excel skills including pivot tables and financial functions, including NPV.
• Experience with financial modeling and underwriting.
• Understanding of real estate fundamentals and capital structures.
• Knowledge of capital market dynamics and pricing.
• Analytical, research, and problem-solving abilities.
• Effective written and verbal communication; detail-oriented.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Analyze and underwrite commercial mortgage loan opportunities.
• Build and maintain financial models (cash flow, IRR, NPV, sensitivity).
• Evaluate investments across property types (multifamily, industrial, retail, office).
• Assess key credit metrics (DSCR, LTV, debt yield).
• Coordinate with legal, appraisal, and internal stakeholders through closing.
• Prepare credit memos and investment committee materials.
• Maintain pipeline tracking and portfolio analytics.
• Support quarterly and annual portfolio reporting.
• Monitor loan performance and covenant compliance.
• Conduct market research on rent trends and liquidity.

Skills

Financial modeling

Underwriting

Real estate fundamentals

Capital structures

Analytical skills

Communication

Education

Bachelor's in Finance/Real Estate

Tools

Excel

VBA

ARGUS CRE

Job description

National Life Group’s Commercial Real Estate team is seeking a thoughtful Analyst to support origination, underwriting, and closing of commercial mortgage investments. You will contribute to financial modeling, credit analysis, and market research to guide investment decisions and portfolio management.

This onsite role requires four core days in the office (Mon-Thu) with potential flexibility; candidates should have a Finance/Real Estate background, 2+ years of experience, and strong