Acquisitions and Underwriting Associate (Remote)
Somewhere
🇿🇦 Hirezar Summary for South African Applicants
This fully remote full time position at Somewhere is open to applicants from South Africa. The estimated monthly salary is R29,600 – R35,150 ZAR. This role is suited for mid-level professionals. As a remote position, you can work from anywhere in South Africa — whether you're based in Johannesburg, Cape Town, Durban, or a smaller town.
Job Description
Acquisitions & Underwriting Associate
About the RoleWe are seeking an Acquisitions & Underwriting Associate to support our deal flow for 1-4 unit and 8-20 unit real estate deals. This is a hands-on, detail-oriented role covering the entire lifecycle from sourcing and underwriting to lender packaging and post-closing support.
Responsibilities
1–4 Unit Deals
* Sourcing:Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
Sourcing:
* Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.
Build micro-lists by zip code, targeting absentee and inherited owners, probate, code violations, evictions, utility shutoffs, and tax delinquencies.
* Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.
Conduct direct-to-owner campaigns via calls, texts, mail, and door-knocking, and track hit rates and appointments.
* Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
Maintain relationships with wholesalers, agents, and auctions, and regularly follow up on expired/withdrawn listings.
* Underwriting:Perform quick screens in 15 minutes and full underwriting within 24 hours.Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
Underwriting:
* Perform quick screens in 15 minutes and full underwriting within 24 hours.
Perform quick screens in 15 minutes and full underwriting within 24 hours.
* Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.
Pull tight LTARV comps, enforce a ≤70% LTARV buy box, and assume 5% seller credits.
* Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.
Verify scope, turn timeline, and rehab cost benchmarks, documenting all risk items.
* Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
Conduct tax, insurance, flood, and zoning checks, and prepare offer packages with price and term levers.
* Lender Outreach / Packaging:Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).
Lender Outreach / Packaging:
* Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.
Maintain and update a list of lenders for flips/bridge lines, noting their appetite, fees, draws, and seasoning requirements.
* Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.
Assemble all intake documents, including a summary memo, comps, budget/scope, timeline, and entity documents.
* Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).
Manage the data room and coordinate appraisal/BPO, and set up draws with the lender (SOV, waivers, photos).
8–20 Unit Deals
* Sourcing:Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.Conduct direct-to-owner outreach and build relationships with brokers/agents.Pull public-record signals such as violations, permits, and liens.Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
Sourcing:
* Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.
Build owner lists for target submarkets and execute weekly call, text, email, and mail cadences.
* Conduct direct-to-owner outreach and build relationships with brokers/agents.
Conduct direct-to-owner outreach and build relationships with brokers/agents.
* Pull public-record signals such as violations, permits, and liens.
Pull public-record signals such as violations, permits, and liens.
* Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
Perform field tours and quick site checks to confirm unit count, condition, and market-rate rents.
* Underwriting:Normalize T-12s and rent rolls, and verify utility bills and vendor contracts.Conduct neighborhood-level rent comps and update expense assumptions.Value properties via NOI and local cap rates, and stress DSCR a
Tips for South African Applicants
Timezone Advantage
South Africa (SAST, UTC+2) overlaps well with European business hours and has a few hours of overlap with US East Coast. Mention your timezone flexibility in your application.
Salary in Context
At R29,600/month, this role is on par with the average South African remote salary. The USD equivalent ($1,600/mo) benefits from the favourable exchange rate.
Application Tips
Tailor your CV to international standards — use a clean format, highlight remote work experience, and include your English proficiency. Many SA applicants succeed by emphasising their strong work ethic and cultural adaptability.
Load Shedding Preparedness
If you're applying for a remote role, having a backup power solution (UPS, inverter, or generator) and mobile data as a backup internet connection shows employers you're prepared for South Africa's infrastructure challenges.
About Somewhere
Somewhere is a company in the Recruitment & Staffing industry that hires remote workers from South Africa. They currently have 614 open positions on Hirezar. View all Somewhere jobs →