About Behring Capital
Behring Capital is a vertically integrated real estate private equity firm, pioneering a bold vision for how urban mixed-use ecosystems are built, financed, and operated. As we scale, we’re assembling a high-performance team that blends analytical rigor with entrepreneurial grit. We move fast, underwrite deeply, and expect our analysts to be the tip of the spear in capitalizing on opportunities across the capital stack.
About the Role
We’re hiring an additional Senior Financial Analysts who can fully and independently underwrite complex multifamily, office, retail or other real estate deals—whether pre-acquisition, stabilized, or already in motion. This is not a plug-numbers-into-a-template position. You’ll be expected to investigate, synthesize, and model deals with incomplete information, tight timelines, and direct exposure to C-level decision-making. You will collect raw inputs—ranging from Yardi data feeds and loan agreements to construction budgets and JV documents—and transform them into institutional-grade models, insights, and recommendations.
This role requires flawless modeling skills, high situational awareness, and the ability to reverse-engineer the financial story of any asset. If you’ve ever rebuilt a model from scratch because the last one was flawed, or found the story no one else could see, we want you.
Key Responsibilities
Deal Underwriting & Financial Modeling
- Develop fully custom DCF models for ground-up developments, acquisitions, recapitalizations, and operational businesses (coworking, carshare, etc.).
- Accurately forecast capital stacks, returns (IRR, equity multiple), preferred equity, waterfalls, and lender / investor participation.
- Dissect and interpret legal agreements (LLCs, loan docs, management agreements, leases) and translate them into financial mechanics.
- Incorporate scenario analysis, stress testing, and probabilistic modeling for downside protection and contingency planning.
- Present complex models and recommendations clearly to executives, partners, and lenders.
Operational & Forensic Analysis
Reverse-engineer cash flows and operations of existing assets using data from Yardi, bank statements, and internal systems.Identify gaps in historical financials, normalize data, and triangulate performance metrics even when the reporting is incomplete or outdated.Reconcile job cost reports, construction budgets, and draw schedules to provide clean capital tracking and funding forecasts.Drive underwriting assumptions based on real-world data, contractor / project manager feedback, comps, and sensitivity logic.Construction Draws, Compliance, and Reporting
Manage full-cycle lender draw process : prepare packages, coordinate supporting documentation, and track disbursements.Align capital budgets with lender and investor reporting schedules and manage compliance timelines and deliverables.Generate cash flow forecasts, funding waterfalls, and investor return summaries on a rolling basis.Collaborate directly with general contractors, construction managers, lenders, and accountants to maintain capital accuracy.Strategic Collaboration & Execution
Work directly with the CEO and Managing Director to model new ventures, JV partnerships, and capital raises.Support capital markets, debt placement, and investor relations through model-driven narratives and deal collateral.Interface with external partners, auditors, and capital providers with confidence and precision.Help systematize and elevate Behring’s internal underwriting playbook and modeling standards.Ideal Candidate Profile
5–10+ years of experience in real estate private equity, development, or investment banking with a real estate focus.Proven track record of building institutional-quality financial models from scratch.Experience with large-scale mixed-use, multifamily, or complex operational real estate (100,000–1,000,000+ SF projects).Highly proficient in Excel, with working knowledge of Argus, Yardi, and data integrations.Strong ability to read and interpret financial statements, deal documentation, and debt structures.Able to manage ambiguity, prioritize ruthlessly, and operate with urgency and precision.Hungry, humble, and battle-tested in high-stakes underwriting and deal execution.Application Requirement
All applicants must submit a financial model they built independently. The model must demonstrate :
Discounted Cash Flow logic and KPI trackingConstruction and job cost integrationEquity / debt structuring and waterfall mechanicsRevenue assumptions and operational modeling (if applicable)Why Join Behring Capital
Operate at the center of a vertically integrated firm managing billions in real estate value.
Gain executive-level exposure and take ownership of deals from end to end.
Join a high-performance team building a world-class real estate platform.
Contribute to innovative developments and capital solutions reshaping the urban landscape.