Travel Associate
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Columbia Creek is a privately held real estate investment firm focused on acquiring and repositioning distressed or mismanaged retail assets throughout the United States. Our specialty is single-floor strip malls and free-standing retail centers — from $3M local properties to $40M redevelopment projects. We operate as a lean, fast-moving team executing high-leverage strategies to unlock value through repositioning and hands-on asset management.
About the Role
We're hiring an Underwriting Associate to act as the first responder on new property leads. Your job is to quickly (within 1 h) evaluate raw retail opportunities and turn them into investable business cases. You'll assess the potential upside, pressure-test assumptions, and help us make buy decisions — fast.
This is napkin underwriting with real impact: based on your analysis, we decide whether to make an offer. You'll also support deeper second‐round reviews and follow‐up diligence for deals we pursue.
Responsibilities
- Underwrite property leads daily across U.S. markets, with a focus on Washington
- Quickly turn around high-level investment analyses: check zoning, pull lease comps, assess value‐add potential
- Build and maintain financial models (cash‐flow, sensitivity, DCR, IRR, equity multiple, waterfall)
- Call brokers, qualify leads, and clarify assumptions
- Conduct market and HBU analysis: rent/sales comps, zoning/FAR, demographic trends, parking requirements
- Draft concise IC memos and lender packages that clearly defend the business plan and risk profile
- Support deeper diligence for deals that move to the next phase
Requirements
- 1–3 years of hands‐on underwriting experience (real estate or investment banking) for the U.S. market
- Direct exposure to U.S. retail real estate, especially strip malls or value‐add repositioning
- Bachelor's degree in Finance, Real Estate, Economics, Engineering, or a related field
- Proficient in Excel and Google Sheets (including nested formulas, Power Query or VBA a plus)
- Demonstrated ability to model ground‐up or heavy‐value‐add projects (IRR, equity multiple, waterfall)
- Comfortable interpreting zoning codes, reading architectural drawings, and discussing site layout plans
- Clear written and verbal communication; able to distill a 50‐tab model into a five‐slide pitch
- Sharp, fast, and organized — you don't wait for instruction, you take initiative
Benefits
- Full‐time job (8 working hours per day, Monday-Friday). Please note that we will not consider candidates planning to combine several jobs.
- Direct Impact – Your underwriting will directly influence multimillion‐ dollar investment decisions. You'll be a key part of a lean, entrepreneurial team—not a cog in a corporate machine.
- Speed & Autonomy – We move fast and value independent thinking.
- Salary will be discussed during the interview. Paid in USD.
- Quick selection process.
Working Hours
The Managing Partners are based in Seattle (PST), and we need someone who can reliably overlap with our core working hours. Required availability: 8:00 AM – 3:00 PM PST (Monday to Friday). The remaining 2 hours are flexible. We value responsiveness during working sessions and give you autonomy for deep focus the rest of the time.
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