Manager, Real Estate Underwriting

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Who we are...

AvantStay delivers exceptional, unique stays for group travelers. The company has built a tech-enabled millennial hospitality brand to be the new standard for group experience. We are venture funded and growing rapidly in the explosive $100+ billion dollar STR industry.


What we are looking for

A Manager of Real Estate Underwriting who will work alongside our Real Estate and Acquisitions teams in executing and achieving our real estate supply growth initiatives by performing in-depth quantitative and qualitative analyses; coordinating asset valuations and supporting transactions from inception to close. This person is a total modeling rock star with deep knowledge and love for real estate, and the ability to lead and manage an underwriting team.

What you’ll do…

  • Lead, organize, and direct all aspects of the Underwriting function for the organization
  • Analyze new acquisitions / development opportunities and prepare financial analysis on the viability of each transaction, incorporating a variety of capital and financing structures
  • Create scalable systems and processes to deliver asset-level forecasts to our Real Estate team within 24-48 hours of request
  • Continually improve upon our forecasting framework by incorporating forward-looking market data and historical performance of similar properties within our portfolio and updating functionality for changes in our go-to-market approach
  • Work alongside our Data team to develop more sophisticated forecasting methodologies aimed at enhancing accuracy and increasing speed
  • Assist in analyzing new market entry strategies
  • Perform acquisition due diligence including the review of leases, financial conditions, historical property operating results, financial assumptions and other information.
  • Prepare internal and external presentation materials and documents (e.g., pitch materials, pro-formas, LOI’s)
  • Hire, train, mentor and develop the Underwriting team

What you’ll bring…

  • 3+ years in Real Estate evaluation or related fields
  • Bachelor’s degree in a related field (Finance, Real Estate)
  • Deep knowledge of real estate valuation and financial modeling, travel trends, hospitality, hotels, tourism and the short-term/ vacation rental market
  • Natural talent and energy: a passion for all things real estate, an agility and ability to adapt to changing and ambiguous situations, and a general hunger for more.
  • Excellence: Advanced proficiency in Microsoft Excel, demonstrated ability to perform quantitative and qualitative analysis of assets using financial modelling techniques.
  • Communication and trust: Excellent communication and people skills and an ability to work in a fast-paced, high-growth company. Proven ability to build strong working relationships with business partners and are seen as a trusted advisor.
  • Legal right to work in the United States

Perks and Benefits...

  • Salary: $100,000-$130,000
  • Generous equity option
  • Benefits and Unlimited Paid Time Off
  • Team bonding and off-site events
  • Complimentary and discount stays at AvantStay properties

When you join AvantStay… 

You’ll be doing work that matters alongside an experienced and dynamic team, transforming the way people travel and vacation. Your place within the colossal travel and real estate industries will leave you with a wealth of opportunities to feel both challenged to innovate and rewarded for your efforts. Of course, we will offer you pay and benefits, but we’re about more than that. AvantStay is a place where you can craft your own path to greatness. Whether you think in code, words, pictures or numbers, find your future at AvantStay.


Equal Employment Opportunity...

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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Location

750 N San Vicente, West Hollywood, CA 90069

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