CRE Analyst at UC Funds

Summary

UC Funds is a vertically integrated commercial real estate specialty finance firm that originates, underwrites, services, and participates in commercial real estate loans. The CRE Analyst will independently screen and underwrite transactions, build financial models, prepare credit and participation packages, make recommendations, and improve analytical workflows using automation.

Responsibilities

• Underwrite income-producing real estate from the primary documents — rent rolls, operating statements and T-12s, capex budgets, leases — and find what is missing or overstated in them
• Build the financial model from a blank sheet: cash flow projections, debt sizing, IRR and NPV, sensitivity and downside cases
• Work the deal from the lender's side — loan sizing, DSCR, debt yield, LTV/LTC, interest reserves, recourse and structure, bridge versus permanent
• Return a first view on inbound deals quickly enough to keep pace with a bridge lender's timeline
• Produce credit memos, investment summaries and participation packages that a co-lender reads and acts on
• Present the deal favourably and accurately at the same time, making UC Funds' retained risk clear rather than buried
• Support refinancings, dispositions and other transaction workstreams as they come up
• Finish the work with a recommendation and the reasoning behind it — including when the recommendation is to pass
• Carry several live deals at once without losing the detail on any of them
• Keep a busy senior sponsor informed in writing, on your own initiative, without being chased
• Turn what you do repeatedly into standard models, templates and reusable packages, so the next deal is faster than the last
• Bring AI and automation into the workflow where it genuinely speeds things up — the firm is actively pursuing this

Skills

• * From-scratch financial modelling in Excel. You can build a CRE model on a blank sheet — cash flows, debt sizing, IRR/NPV, sensitivities — and explain why every assumption is what it is. Equity-side acquisitions and capital-planning FP&A backgrounds count here; pure reporting, bookkeeping or dashboard work does not
• * Underwriting from primary deal documents. Rent rolls, operating statements, T-12s, capex budgets and leases have been your daily input, and you have used them to form a view rather than only to report. Property accounting and asset management experience counts if you used the documents to reach conclusions
• * Lender-side analysis. You understand loan sizing, DSCR, debt yield, LTV/LTC, interest reserves and structure, and you can point to a deal where you sized or structured the debt yourself. Strong equity-side candidates who personally ran the debt workstream are very welcome; residential mortgage processing is a different discipline and does not apply here
• * Third-party-ready written output. You have written credit memos, IC materials, offering memoranda or comparable documents that left your company and were acted on by someone outside it
• * US commercial real estate fluency. You work comfortably with US lease structures, US operating statement formats and US market data sources. Canadian CRE experience transfers; experience only in other markets needs evidence you have since worked to US conventions
• * Genuine remote autonomy. You have run your own working rhythm without daily supervision and can describe how you kept people informed
• * English at professional working proficiency, spoken and written — clear enough to write a memo a US co-lender relies on and to hold a live call with a senior US executive
• Full-time, remote, with core coverage 9AM–5PM US Eastern
• We do not consider candidates planning to combine several jobs
• We consider only candidates looking for a long-term commitment of 18 months or more
• * Multifamily depth, including how unit-level operations drive the numbers. Hospitality, senior living and student housing transfer well
• * A track record of carrying several live deals at once on transaction timelines
• * Examples of a recommendation of yours changing a decision — particularly one that went against the room
• * Working use of AI and automation tooling in analytical work, and an instinct for standardising what you do twice
• Latin America is preferred for time-zone overlap

Qualifications

Must Haves

• * From-scratch financial modelling in Excel. You can build a CRE model on a blank sheet — cash flows, debt sizing, IRR/NPV, sensitivities — and explain why every assumption is what it is. Equity-side acquisitions and capital-planning FP&A backgrounds count here; pure reporting, bookkeeping or dashboard work does not
• * Underwriting from primary deal documents. Rent rolls, operating statements, T-12s, capex budgets and leases have been your daily input, and you have used them to form a view rather than only to report. Property accounting and asset management experience counts if you used the documents to reach conclusions
• * Lender-side analysis. You understand loan sizing, DSCR, debt yield, LTV/LTC, interest reserves and structure, and you can point to a deal where you sized or structured the debt yourself. Strong equity-side candidates who personally ran the debt workstream are very welcome; residential mortgage processing is a different discipline and does not apply here
• * Third-party-ready written output. You have written credit memos, IC materials, offering memoranda or comparable documents that left your company and were acted on by someone outside it
• * US commercial real estate fluency. You work comfortably with US lease structures, US operating statement formats and US market data sources. Canadian CRE experience transfers; experience only in other markets needs evidence you have since worked to US conventions
• * Genuine remote autonomy. You have run your own working rhythm without daily supervision and can describe how you kept people informed
• * English at professional working proficiency, spoken and written — clear enough to write a memo a US co-lender relies on and to hold a live call with a senior US executive
• Full-time, remote, with core coverage 9AM–5PM US Eastern
• We do not consider candidates planning to combine several jobs
• We consider only candidates looking for a long-term commitment of 18 months or more

Nice to Haves

• * Multifamily depth, including how unit-level operations drive the numbers. Hospitality, senior living and student housing transfer well
• * A track record of carrying several live deals at once on transaction timelines
• * Examples of a recommendation of yours changing a decision — particularly one that went against the room
• * Working use of AI and automation tooling in analytical work, and an instinct for standardising what you do twice
• Latin America is preferred for time-zone overlap

Benefits

• A full-time remote role.
• Direct work with the number two executive of a principal lender, across live deals from screening through participation sale, rather than one narrow slice of the process.
• Stability — this is not an internship or project work.
• A quick selection process.