Commercial Real Estate Underwriting Analyst

Ironhorn Enterprises; New York (NY); On-site; USD 45,000 - 55,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life and AD&D insurance

Retirement plan with 3% match

PTO and paid holidays

Job summary

IronHorn Enterprises seeks a Commercial Real Estate Underwriting Analyst to help evaluate potential acquisitions and property portfolios. The role welcomes 0–5 years of experience and emphasizes analytical rigor, financial modeling, and market research in a hands-on environment in East Syracuse, NY.

You will work with the SVP of Finance and Underwriting to move from initial research to due diligence and closing, gaining exposure to investment processes and cross-functional collaboration across

Qualifications

• 0–5 years of experience in commercial real estate underwriting, financial analysis, acquisitions, banking, accounting, or a related field.
• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, Business, or a related field preferred, or an equivalent combination of education and relevant experience.
• Strong analytical and quantitative skills, with a high level of accuracy and attention to detail.
• Proficiency in Microsoft Excel and the ability to build or learn financial models. Familiarity with CoStar, Argus, or similar platforms is a plus.
• Foundational understanding of financial statements, cash flow, and investment returns; commercial lease and property valuation knowledge is a plus.
• Ability to organize information, manage multiple priorities, and meet deadlines.
• Clear written and verbal communication skills and a collaborative approach to working across departments.
• Ability to work on-site in East Syracuse, NY.

Responsibilities

• Market Research: Analyze industrial sale and lease comparables, median cap rates, price per square foot, rental rates, and regional benchmarks to support investment assumptions.
• Financial Modeling: Input property financials into underwriting models; prepare preliminary rent rolls, expense assumptions, and pro formas; and run sensitivity analyses using standardized assumptions.
• Acquisition Research: Research property taxes, code violations, zoning, and sale history; gather surveys, floor plans, and environmental reports; and verify building square footage and clear height.
• Lease and Property Analysis: Review leases, tenant information, operating history, and capital needs to identify risks and opportunities that affect property value and investment returns.
• Due Diligence Coordination: Track seller deliverables and buyer responsibilities under purchase and sale agreements. Coordinate with appraisers, surveyors, environmental consultants, and property condition assessment providers; maintain correspondence and task trackers; and assemble materials for review before due diligence contingencies are waived.
• Investment Reporting: Prepare deal summaries, underwriting checklists, and investment committee presentation materials, using clear charts, maps, and tables to communicate findings.
• Team and Portfolio Support: Work with Acquisitions, Finance, Leasing, Legal, Construction, and Facilities to validate assumptions, support closings, and compare portfolio performance with underwriting projections.

Skills

Analytical skills

Excel

Financial modeling

CoStar

Argus

Communication

Education

Bachelor's degree (Finance/Real Estate/Accounting/Economics/Business)

Tools

CoStar

Argus

Job description

Reports To: SVP of Finance and Underwriting

Employment Type: Full-Time

Salary: $50,000 per year and up, commensurate with experience

About IronHorn Enterprises

IronHorn Enterprises is a family-owned, vertically integrated commercial real estate investment and development firm based in East Syracuse, NY, focused on industrial properties. Our in-house teams work together across acquisitions, leasing, construction, facilities, legal, finance, and asset management to evaluate investments and support our growing portfolio.

Position Summary

We are seeking a detail-oriented Commercial Real Estate Underwriting Analyst to help evaluate potential acquisitions and existing portfolio properties. This position is suited for candidates with 0–5 years of relevant experience, including recent graduates with strong analytical skills and an interest in commercial real estate.

Working with the SVP of Finance and Underwriting, you will gain hands-on exposure to the investment process; from initial property research and financial modeling through due diligence and closing. You will learn alongside experienced professionals and take on greater responsibility as your skills develop.

Key Responsibilities

• Market Research: Analyze industrial sale and lease comparables, median cap rates, price per square foot, rental rates, and regional benchmarks to support investment assumptions.
• Financial Modeling: Input property financials into underwriting models; prepare preliminary rent rolls, expense assumptions, and pro formas; and run sensitivity analyses using standardized assumptions.
• Acquisition Research: Research property taxes, code violations, zoning, and sale history; gather surveys, floor plans, and environmental reports; and verify building square footage and clear height.
• Lease and Property Analysis: Review leases, tenant information, operating history, and capital needs to identify risks and opportunities that affect property value and investment returns.
• Due Diligence Coordination: Track seller deliverables and buyer responsibilities under purchase and sale agreements. Coordinate with appraisers, surveyors, environmental consultants, and property condition assessment providers; maintain correspondence and task trackers; and assemble materials for review before due diligence contingencies are waived.
• Investment Reporting: Prepare deal summaries, underwriting checklists, and investment committee presentation materials, using clear charts, maps, and tables to communicate findings.
• Team and Portfolio Support: Work with Acquisitions, Finance, Leasing, Legal, Construction, and Facilities to validate assumptions, support closings, and compare portfolio performance with underwriting projections.

Qualifications

• 0–5 years of experience in commercial real estate underwriting, financial analysis, acquisitions, banking, accounting, or a related field. Recent graduates are encouraged to apply; relevant internships and coursework are valuable.
• Bachelor’s degree in Finance, Real Estate, Accounting, Economics, Business, or a related field preferred, or an equivalent combination of education and relevant experience.
• Strong analytical and quantitative skills, with a high level of accuracy and attention to detail.
• Proficiency in Microsoft Excel and the ability to build or learn financial models. Familiarity with CoStar, Argus, or similar platforms is a plus.
• Foundational understanding of financial statements, cash flow, and investment returns; commercial lease and property valuation knowledge is a plus.
• Ability to organize information, manage multiple priorities, and meet deadlines.
• Clear written and verbal communication skills and a collaborative approach to working across departments.
• Willingness to learn, ask questions, and handle confidential financial and transaction information with discretion.
• Ability to work on-site in East Syracuse, NY.

Compensation and Benefits

• Starting salary of $50,000 per year, with higher compensation commensurate with experience.
• Full benefits package, including medical, dental, and vision insurance.
• Life and accidental death and dismemberment (AD&D) insurance.
• Retirement plan with a 3% company match.
• Paid Time Off (PTO) and paid holidays.

Why Join IronHorn

• Join a leading industrial real estate investment firm in New York State and contribute to a growing portfolio.
• Work alongside experienced professionals with opportunities for mentorship and career development.
• Contribute to investment decisions and see how underwriting assumptions translate into property operations and results.

IronHorn Enterprises is an Equal Opportunity Employer and values diversity at all levels of the organization.