Development Underwriting Associate - Houston Corporate

US Corporate Houston, Texas


Description

Venterra Realty is a rapidly growing owner/operator of multi-family apartments with approximately 70 apartment communities across 13 major US cities. We’re honored that over 40,000 people and more than 12,000 pets call Venterra “home”! We have completed over $7.2 billion in transactions and manage a current portfolio of approximately $4.0 billion. Our current annual revenues are approximately $300M which we achieve through the commitment and dedication of over 600 team members. 

Founded in 2001, we haven't just expanded our size; we've grown into a company that is paving a new way in the industry, where our employees can truly make a difference, career growth is available, and where our residents are provided an amazing living experience.  

COVID-19 has created some big changes in all of our daily lives, and we’ve made a number of significant changes to our operations, but at the end of the day, we’re still in the people business, and people will always deserve an amazing place to call home. So, while the way we’re doing business has changed, we’re still hiring across the Venterra portfolio!  

We’re honored to have received numerous workplace recognitions including Fortune Top 100 Best Medium Workplaces for the past six years in a row and to have been named a four-time Glassdoor Best Places to Work winner! Read about all of our awards and accolades here!

We are looking for people who: 

  • Have strong personal values and want to work for a values-based company 
    Are ambitious and hardworking with exceptionally high personal standards 
  • Embrace problem-solving and learning new skills 
  • Thrive in a rapidly changing and high growth environment 
  • Are passionate about driving continuous improvements and the use of technology with data to drive business results 

THE ROLE

Located in Houston, the Development Underwriting Associate will provide support to our Development Team and its efforts in supporting Venterra’s initiatives in the development of multifamily properties. In this role, the ideal candidate will be responsible for underwriting potential developments, conducting market investigations, and development-related data research. 

THE DETAILS

  • Responsible for performing full-scale underwriting and complete decision support analysis of potential development opportunities
  • Create and maintain financial models and various ad hoc analyses for investment decisions
  • Responsible for maintaining underwriting consistency across all projects
  • Prepare findings and materials required for the Investment Committee, Investors, and Construction Lenders
  • On-site visits and assessment of assets and markets, site locations, and competitors
  • Perform risk assessment & data evaluation on information sourced and provide
  • Maintain extensive knowledge of the factors affecting the marketplace and proactively provide research to leverage this knowledge for the organization
  • Performing decision support analysis and due diligence on potential real estate developments
  • Conduct all business in a professional and ethical manner to provide customer service and increase the goodwill and profit of the company

THE QUALIFICATIONS 

  • Related Undergraduate Degree required, MS in Real Estate or MBA is desirable
  • Minimum of three years of experience in multi-family development, investment, and financial analysis – extensive experience underwriting multifamily investments is required
  • Shows initiative and takes accountability for the outcome of decisions
  • The ideal candidate will be equally an independent self-starter and a solid team player.
  • Detail-oriented, Analytical thinker/problem solver in a team-oriented environment
  • Strong financial analysis foundation (Deep understanding of real estate finance, asset valuation, and financial modeling)
  • Superior Excel skills are essential
  • Critical thinking is required to successfully advance the projects
  • Strong analytical skills and the ability to distill large amounts of unstructured/structured data into concise, actionable insights
  • Excellent communications skills, both written and verbal – the role will require frequent interaction with senior executives and the investment committee

THE BENEFITS 

  • Competitive Base Salary and performance bonus
  • A robust package of Health (Medical (PPO), Dental, Vision), 401k matching, paid vacation benefits and employer-paid Short Term Disability, among other things 
  • Educational Assistance / Reimbursement to support your drive to learn
  • Opportunity to grow within the acquisitions/growth teams, operations, and corporate office
  • Better Living program where you are incentivized to reach personal goals or participate in company-wide challenges
  • Quarterly Lifelong Learning Challenges to support your professional growth in ways that are meaningful to you
  • 8 paid hours per year of Volunteer Time Off to serve the organization(s) of your choice
  • Free enrollment into the Dave Ramsey SmartDollar financial wellness program, including the EveryDollar budgeting app
  • Access to thousands of employee discounts with BenefitHub 

Know someone who would be perfect for a role with us? Refer them to us for their job search and you could be $250 richer!