Financial Analyst (55711)
About The Position
Disrupt Equity is a Houston-based multifamily investment firm that has deployed over $1 billion into apartment communities across the Sunbelt. The firm is vertically integrated, encompassing acquisitions, financing, construction management, and in-house property management. Disrupt Equity was recognized as the fastest-growing company in Houston in 2022 by Inc. 5000. This role is central to the acquisitions process and handles the ad hoc analytical needs of the existing portfolio. The Financial Analyst will underwrite deals, prepare materials for the Investment Committee, and support transactions from Letter of Intent (LOI) through closing. Additionally, the analyst will address questions regarding owned assets, such as refinancing, budget performance, and disposition modeling. This is a high-volume position within a small team, offering significant deal exposure and direct interaction with the firm's principals.
Requirements
- 1-3 years of experience in multifamily acquisitions, real estate investment banking, investment sales or debt brokerage, valuation, or a comparable analytical role.
- Bachelor's degree in finance, real estate, accounting, economics, or a related field.
- Advanced Excel skills, including the ability to build models from scratch, understand existing models, and produce clean, followable work.
- Working command of multifamily fundamentals: T-12s, rent rolls, NOI bridges, cap rates, debt terms and sizing constraints, and waterfall mechanics.
- Ability to work with precision under deadline pressure.
- Strong written communication skills, with the ability to explain a deal concisely.
- Demonstrated ownership and initiative in pursuing tasks.
- Strong candidates coming out of an analyst program elsewhere in commercial real estate will be considered.
Nice To Haves
- Experience in Sunbelt markets, particularly Texas and the Southeast.
- Exposure to agency (Fannie Mae / Freddie Mac), bridge, and CMBS debt structures.
- Familiarity with CoStar, Yardi Matrix, RealPage, Argus, Claude AI, or similar platforms.
- Experience at a vertically integrated owner-operator or sponsor.
- Comfort with LP/GP structures and syndicated equity.
- Property or asset management exposure.
Responsibilities
- Build and maintain acquisition models for value-add and stabilized multifamily opportunities, including pro forma NOI, renovation programs and rent premiums, sources and uses, debt sizing and sensitivities, and LP/GP waterfall returns (IRR, equity multiple, cash-on-cash).
- Screen inbound broker offerings and off-market opportunities, providing clear recommendations on which deals warrant a full underwrite.
- Stress test deals by analyzing exit cap rates, rent growth, expense inflation, interest rates, and lease-up pace to identify potential deal risks.
- Conduct market and submarket research, including building rent and sales comp sets, and shopping comparable properties.
- Track submarket fundamentals such as supply pipeline, absorption, employment and demographic drivers, and concession trends.
- Maintain a working point of view on active markets and gather intelligence on brokers, sponsors, and sellers.
- Manage the financial workstreams of due diligence, including T-12 and rent roll analysis, lease audits, expense normalization, tax and insurance underwriting, and payroll and utility reconciliation.
- Reconcile underwriting assumptions with diligence findings and flag variances promptly.
- Coordinate third-party reports (e.g., PCA, environmental, appraisal, survey) and support the lender process.
- Prepare the underwritten budget for the Asset Management and Emerge Living operating teams.
- Run hold/sell, refinance, and supplemental debt analyses for owned assets.
- Perform budget-versus-actual variance analysis and interpret the financial data.
- Model capital plans and renovation ROI, and evaluate the performance of completed programs against underwriting.
- Respond to ad hoc analytical requests efficiently.
- Prepare Investment Committee (IC) memos and deal summaries, including investment thesis, value-add levers, exit strategies, key risks, and pricing rationale.
- Support the creation of investor-facing materials for offerings and periodic reporting.
- Maintain the pipeline tracker and deal database.
Benefits
- Direct exposure to the firm's principals from day one.
- Opportunity to touch more deals in a year than at a larger firm.
- Direct exposure to the firm's principals.
- Periodic travel to assets and markets across the Sunbelt.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
