Senior Underwriter - Real Estate

Alexander Chapman; Minneapolis (MN); On-site; USD 59,000 - 94,000; Full time

Job summary

A leading real estate firm in Minneapolis is looking for a Senior Underwriter to join their team. The ideal candidate will have 7-10+ years of experience in commercial real estate underwriting and strong Excel skills for cash flow modeling. Responsibilities include performing due diligence, reviewing appraisal reports, and ensuring compliance with underwriting standards. This is a full-time position offering a salary range of $59,000 to $94,000.

Qualifications

• 7-10+ years of commercial real estate underwriting experience required.
• Strong understanding of valuation methods essential.
• Advanced Excel skills for cash flow models are necessary.

Responsibilities

• Perform full underwriting and due diligence for commercial real estate.
• Review appraisal reports for accuracy.
• Coordinate with legal counsel on deal documents.

Skills

Commercial real estate underwriting experience

Valuation methods (income capitalization, DCF, sales comparison)

Advanced Excel skills

Credit risk identification

Insurance requirements knowledge

Zoning and environmental due diligence

Mentoring junior staff

Attention to detail

Problem-solving

Ability to manage multiple priorities

Job description

Recruitment Consultant at Alexander Chapman | Investments & Research

I'm working with an established Real Estate firm in Minneapolis seeking a Senior Underwriter to join their team.

Direct message the job poster from Alexander Chapman.

Qualifications

• 7-10+ years of commercial real estate underwriting experience
• Strong understanding of valuation methods, including income capitalization, DCF, and sales comparison.
• Advanced Excel skills, including building and stress-testing detailed cash flow models and debt structures.
• Ability to identify and evaluate credit risks, lease rollover exposure, market concentration, and sensitivity scenarios.
• Working knowledge of insurance requirements and coverage considerations by asset location.
• Experience with zoning, environmental due diligence, title and survey review, and closing documentation.
• Experience managing or mentoring junior staff.
• Strong attention to detail and follow-through.
• Problem‑solver who can identify issues and propose solutions.
• Able to work efficiently in a fast‑paced environment and handle multiple priorities.
• Comfortable working in a small, growing organization and taking on a range of responsibilities.

Responsibilities

• Perform full underwriting and due diligence for commercial real estate transactions and resolve underwriting issues as they arise.
• Review appraisal reports for accuracy, completeness, and overall reasonableness of value conclusions.
• Review insurance policies to confirm required coverages are in place.
• Review Plan and Cost reports, when applicable, to confirm the appropriateness of the capital stack.
• Review borrower organizational documents to ensure proper loan structure and authority.
• Review credit memoranda prepared by junior staff to ensure compliance with underwriting standards and closing timelines.
• Coordinate with internal and external legal counsel to ensure deal documents accurately reflect transaction terms.
• Manage closings by working with title companies, lenders, attorneys, and other third parties to ensure timely funding.
• Coordinate with the servicing team to transition loans from underwriting to servicing after closing.
• Perform other duties as needed.

Seniority Level

Mid‑Senior level

Employment Type

Full‑time

Job Function

Finance

Industries

Real Estate, Venture Capital and Private Equity Principals

Location & Compensation

Minneapolis, MN – $59,000.00–$94,000.00

Additional Information

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