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Job Title


Financial Analyst/Real Estate Fund Waterfall Model Developer


Company : Relay Human Cloud India


Location : Ahmedabad, Gujarat


Created : 2026-01-26


Job Type : Full Time


Job Description

Job Description: Real Estate Fund Waterfall Model Developer / Financial AnalystLocation: Ahmedabad (On Site) Shift Timing: 2:00 PM – 11:00 PM IST Experience: 2 – 4 Years Industry: Real Estate Private Equity / Investment ManagementAbout the Role We are seeking a Real Estate Fund Waterfall Model Developer / Financial Analyst with strong experience in real estate private equity financial modeling and LP/GP waterfall structures. This role will be responsible for building fund-level and deal-level financial models, supporting investment underwriting, and analyzing complex capital structures. Key Responsibilities Real Estate Fund & Waterfall Modeling - Build, develop, and maintain real estate private equity waterfall models. - Model American and European waterfall structures including preferred return, GP catch-up, promote splits, and multiple hurdle rates. - Incorporate GP co-investment, clawback provisions, and promote crystallization logic. - Develop multi-asset fund models with asset-level and consolidated cash flows. - Perform scenario and sensitivity analysis on exit timing, cap rates, leverage, and refinancing. - Calculate and analyze IRR, MOIC, DPI, RVPI, and TVPI.Financial Analysis & Investment Support - Build deal-level underwriting models including rental income, lease structures, operating cash flows, debt financing, capex, and exit assumptions. - Analyze asset performance, tenant profiles, and lease terms. - Support investment underwriting, valuation analysis, and financial due diligence. - Assist in preparation of investment memos, IC presentations, and fund reports. - Track actual versus projected performance and conduct variance analysis.Tools, Systems & Documentation - Develop clean, scalable, auditable financial models with clear documentation. - Prepare user guides and walkthrough documentation for stakeholders. - Optional integration with ARGUS Enterprise or other real estate modeling tools. - Support ongoing enhancements, automation, and optimization of models.Required Qualifications - 2–4 years of experience in Real Estate Private Equity, Investment Banking, Asset Management, or Financial Advisory. - Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field. - Strong expertise in Excel financial modeling (advanced formulas; VBA preferred). - Working knowledge of Python (Pandas, NumPy, Streamlit/Dash) is a plus. - Strong understanding of real estate fund structures, LP/GP waterfall models, and partnership agreements. - Ability to interpret LPAs and translate legal terms into financial logic.Preferred Qualifications - MBA, CFA, or equivalent professional certification. - Experience with single-tenant net lease investments. - Exposure to U.S. or global real estate private equity funds. - Experience working with ARGUS Enterprise.