Product Manager, Underwriting Specialist, CoStar Debt Solutions

Product Manager Underwriting Specialist

Location:Boston in-office

CoStar Debt Solutions is building a new platform for CRE underwriting one where credit officers data pipelines and AI agents work against the same shared data model. Banks sponsors and asset managers query write and collaborate on the same underlying system.

Were hiring a Product Manager Underwriting Specialist to help us build a world-class underwriting platform the workflows defaults and decisions that decide whether a credit officer or originator reaches for our product first thing in the year one that means partnering with our senior product team to turn underwriting scenarios into product: capital stack construction rent roll injection peer benchmarking portfolio surveillance deal counterparty visibility. Over time it means taking on more of the surface yourself across asset classes customer types and the agent workflows that increasingly run alongside the human ones.

The work starts with the underwriting judgment youve built. It ends with that judgment encoded into a system other underwriters run against.

What youll work on:

• The underwriting workflows across the product surface capital stack construction rent roll ingestion peer benchmarking portfolio surveillance deal counterparty visibility. These exist today as scenarios; the work is helping turn them into product that originators and credit officers reach for daily. Youll start by owning pieces and grow into owning more.

• The default behaviors that decide whether the platform feels expert or generic the stack heuristics the LLM proposes the way variance gets sorted what the system asks vs. assumes when it surfaces uncertainty what stays in front of a human. Youll bring your underwriting instinct to these decisions and learn to translate it into product defaults alongside the senior PM.

• Design-partner relationships at two or three banks and sponsors. You will be on the calls in the deals and part of the team they trust to translate what they need into what gets built.

• The boundary between the platform can model this and the workflow should expose this working directly with engineering and product on where the line gets drawn for each new capability.

• Contribution to the roadmap for the underwriting surface as it grows new asset classes new customer profiles new agent-driven workflows that sit alongside the human ones. Youll bring proposals defend them and see them ship.

Basic Qualifications:

• Real CRE underwriting domain experience.

• 3 or more years in a CRE underwriting credit or originations role with real deal reps whether your title is Underwriter Credit Analyst Credit Officer Acquisitions Associate or something adjacent. Bank sponsor-side life co debt fund agency or advisory backgrounds all work if the depth is there. Domain is the highest bar for this role its what we cant substitute for.

• A working model of how originators credit officers asset managers and sponsors actually spend their days not just the artifacts they produce but the friction between them.

• Bachelors degree from an accredited not-for-profit in person university or college.

• A track record of commitment to prior employers

Preferred Qualifications:

• Sharp judgment about whats worth automating what needs human-in-the-loop and what should never leave a credit committee.

• A bias for being specific. Generic underwriting opinions are not useful here. We need someone who can say the LLM should not propose mezz above 12% in this market without flagging it and be right about it.

What helps a lot:

• Tech fluency. You dont write production code but youre willing to read a schema reason about software as a system and learn to argue with the model when its wrong. Any prior exposure to working with product or engineering teams is a plus.

• Product instinct. A growing sense for what belongs in a default what belongs in a setting what belongs in a warning and what belongs nowhere at all. Underwriters whove built or improved internal tools spreadsheets models templates tend to develop this fast.

• Comfort with LLM-driven workflows. You dont need to have built with them. You do need to find the question of what should the model decide vs. ask vs. flag genuinely interesting.

The growth path:

The first year is learning-heavy: real workflows real design partners real deals informing real shipping decisions. Youll work closely with a senior PM and engineers whove built this kind of system before and youll be expected to bring your underwriting judgment to every product call. Over time as you build product muscle on top of the domain knowledge you already have the role grows from contribute to these workflows into own pieces of the underwriting platform defaults asset classes the line between what the model decides what it asks and what it escalates. The person who grows into this role is the one whose judgment ends up shaping how a market underwrites.

Whats unusual about this role:

You will not be the underwriter of record on anything. Youll be on the product side of the table helping decide what the platform knows and does on behalf of the underwriters who use it. That is a different job from being an underwriter more leverage more abstraction and more responsibility for the second-order effects of the workflows you ship. If youre early in your CRE career and want to keep doing deals this is the wrong move. If you want to take the underwriting instinct youve built so far and encode it into a system that other underwriters will run against this is the right place to do that.

WHATS IN IT FOR YOU

When you join CoStar Group youll experience a collaborative and innovative culture working alongside the best and brightest to empower our people and customers to succeed.

We offer you generous compensation and performance-based incentives. CoStar Group also invests in your professional and academic growth with internal training and tuition reimbursement.

Our benefits package includes (but is not limited to):

• Comprehensive healthcare coverage: Medical / Vision / Dental / Prescription Drug
• Life legal and supplementary insurance
• Virtual and in person mental health counseling services for individuals and family
• Commuter and parking benefits
• 401(K) retirement plan with matching contributions
• Employee stock purchase plan
• Paid time off
• Tuition reimbursement
• On-site fitness center and/or reimbursed fitness center membership costs (location dependent) with yoga studio Pelotons personal training group exercise classes
• Access to CoStar Groups Employee Resource Groups
• Complimentary gourmet coffee tea hot chocolate fresh fruit and other healthy snacks

This position offers an annual basesalaryrange of $99000 - $133000 based on relevant skills and experience and includes a generous benefits plan.

We welcome all qualified candidates who are currently eligible to work full-time in the United States to apply. However please note that CoStar Group is not able to provide visa sponsorship for this position.

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