Behring Co. · 2 days ago
Senior Financial Analyst – Real Estate Investments & Development
San Francisco Bay Area
Full-time
Onsite
Senior Level
5+ years expBehring 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. They are seeking a Senior Financial Analyst who will independently underwrite complex real estate deals and transform raw inputs into institutional-grade models and insights.
FinanceReal EstateReal Estate Investment
Responsibilities
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
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in historical financials, normalize data, and triangulate performance metrics even when the reporting is incomplete or outdated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
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
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
Qualification
Required
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
Company
Behring Co.
Behring Co. is a privately owned, vertically integrated real estate development and private equity platform located in the San Francisco Bay Area.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Colin Behring
Chief Executive Officer
Recent News
The Business Journals
2024-11-27
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