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Macdonald & Company · 1 week ago

Underwriting Analyst - Real Estate Credit

Salt Lake City, UT

Full-time

Onsite

New Grad, Entry Level

Macdonald & Company is a highly regarded real estate investment firm seeking an Underwriting Analyst to support their active debt fund. The role involves underwriting and executing debt and structured capital investments while analyzing credit risk and transaction structures across various real estate financing strategies.

Professional ServicesRecruiting

Growth Opportunities

Hiring Manager

Alan Joesbury

Responsibilities

Underwrite debt and structured capital investments, including bridge, mezzanine, and preferred equity transactions

Analyze sponsor strength, asset performance, and transaction structure using leverage, coverage, and sensitivity metrics

Build and maintain loan-level cash flow models incorporating pricing, fees, reserves, covenants, and exit assumptions

Assess downside scenarios and stress cases to evaluate risk-adjusted returns and capital protection

Prepare credit memoranda and investment committee materials summarizing risk, structure, and return profile

Support due diligence by reviewing third-party reports, loan documentation, and collateral information

Assist with portfolio-level monitoring, including concentration analysis and performance tracking

Work closely with senior credit professionals through underwriting, closing, and ongoing asset management

Qualification

Credit risk analysisStructured capital investmentsCash flow modelingTransaction structure analysisPortfolio monitoringDue diligence supportInvestment committee preparation

Required

Support the underwriting and execution of debt and structured capital investments

Analyze credit risk, transaction structure, and downside protection across a range of real estate financing strategies