Real Estate Credit Associate — Underwriting & Origination

Harrison Street Asset Management; New York (NY); On-site; USD 150,000 - 170,000; Full time

Job summary

Harrison Street Asset Management (HSAM) seeks an Associate for the Real Estate Credit Strategies team in New York. The role focuses on evaluation, underwriting, and execution of credit investments across multifamily, student housing, and other sectors, supporting the investment cycle from origination through closing.

Ideal candidates have 2-3 years in real estate or investment banking with strong financial modeling skills, proficiency in Excel, and familiarity with Argus.

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, or related field with a strong academic record.
• 2-3 years of experience in real estate or investment banking, with direct exposure to underwriting and transaction execution.
• Advanced financial modeling and analytical skills, including proficiency in Excel; experience with Argus strongly preferred.
• Understanding of commercial real estate fundamentals, capital structures, and loan documentation.
• Highly organized with excellent attention to detail, capable of managing multiple deals and deadlines in a fast-paced environment.
• Strong written and verbal communication skills, with ability to synthesize complex analyses into concise recommendations.
• Self-motivated, collaborative, and intellectually curious, with a demonstrated interest in real estate investing.

Responsibilities

• Support the origination and execution of new credit investments, including senior loans, mezzanine loans, public securities, and preferred equity positions.
• Develop and maintain detailed financial cash flow models and sensitivity analyses to evaluate potential investments, including valuation, return performance, risk, and debt structuring.
• Conduct market, sponsor, and asset-level due diligence, including property inspections, third-party report reviews, and calls with brokers and market participants.
• Prepare and present in pipeline meetings, deal screening sessions and investment committees, summarily key underwriting assumptions, loan structure, market, risks and mitigants.
• Coordinate with internal and external stakeholders, including legal counsel, lenders, and sponsors, to drive transaction execution from origination through closing.
• Support ongoing portfolio monitoring and asset management, including performance tracking and any valuation updates as needed.
• Conduct in-depth sector and market research to support origination initiatives and to identify emerging trends and investment opportunities.

Skills

Financial modeling

Excel

Argus

Real estate investing

Analytical thinking

Education

Bachelor's degree in Finance/Real Estate/Economics or related field

Tools

Excel

Argus

Job description

Harrison Street Asset Management (HSAM) seeks an Associate for the Real Estate Credit Strategies team in New York. The role focuses on evaluation, underwriting, and execution of credit investments across multifamily, student housing, and other sectors, supporting the investment cycle from origination through closing.

Ideal candidates have 2-3 years in real estate or investment banking with strong financial modeling skills, proficiency in Excel, and familiarity with Argus.