Real Estate Financial Modeling & Underwriting Analyst (U.S. Deals) - Part Time

We are a U.S.-based real estate investor and sponsor building a focused portfolio of income-producing properties. This role works directly with the sponsor on underwriting and investment analysis for U.S. real estate acquisitions.

We are seeking a part-time Real Estate Financial Modeling & Underwriting Analyst to support underwriting and evaluation of U.S.-based real estate investments.

This role is intended for professionals who already build real estate financial models (as part of investment banking, private equity, real estate advisory, or similar roles) and are looking for a flexible second engagement with meaningful deal exposure.

You will own the financial model, collaborate with the sponsor on assumptions, and support investment decision-making. Final investment decisions remain with the sponsor.

Build real estate financial models from scratch or adapt existing proprietary models

Underwrite U.S. real estate investments (multifamily, retail, small commercial)

Model:

• Acquisition and disposition
• Operating cash flows and pro formas
• Debt financing and capital structure
• Exit scenarios
• Perform sensitivity and scenario analysis
• Calculate and analyze:
• IRR (levered and unlevered)
• Cash-on-cash returns
• Equity multiples
• Cap rates
• DSCR

• Review broker Offering Memoranda (OMs), rent rolls, and T-12 financials
• Assess assumptions and identify key risks
• Summarize underwriting conclusions and red flags

• Support market research using public and broker-provided data
• Assess demand drivers, growth trends, and market risks

• Assist with early-stage due diligence review
• Prepare diligence questions and issue tracking

• Demonstrated experience building real estate financial models from scratch
• 3+ years experience in:
• Investment banking
• Private equity
• Real estate private equity
• Real estate advisory / valuation
• Strong Excel modeling skills
• Familiarity with U.S. real estate investment metrics and structures

• Experience underwriting U.S. real estate deals
• Exposure to GP/LP waterfalls and preferred returns
• Experience working with U.S.-based clients

• Flexible hours
• Clear deliverables, minimal meetings
• Direct collaboration with sponsor

• Competitive market compensation
• Hourly or monthly retainer
• Paid test assignment required

Please include:

1. Resume
2. Brief summary of your current role and availability
3. Sample real estate financial model you built (sanitized acceptable)