Real Estate Financial Analyst — Proformas, Underwriting & P&L Reconciliation Bilingual: English

Employment Type

Full-Time

Alpha

X RE Capital and its affiliated entities form a women-founded, integrated real estate firm based in the San Francisco Bay Area. Committed to creating innovative and sustainable housing solutions throughout California, our group manages an extensive and growing portfolio of assets and development projects. We are a leader in addressing the housing crisis by developing sustainable and affordable communities.

Taking a comprehensive approach, we oversee the complete real estate lifecycle from end to end. Alpha

X emphasizes diversity, equity, and social impact, with initiatives such as the Alpha

X Foundation and Small Builders Association empowering future leaders, women, and minorities in real estate. Our headquarters is located in Cupertino, CA, with additional offices in Southern California and Arizona.

We are seeking a detail-oriented Financial Analyst to support our real estate investment platform across all active projects. This person will own the financial modeling, underwriting, and P&L reconciliation processes for our portfolio, working closely with deal teams, accountants, and executive leadership. Mandarin Chinese fluency is required to coordinate effectively with our accounting team.

• Build, maintain, and update detailed proformas for all real estate projects (acquisition, development, and disposition phases)
• Underwrite new investment opportunities including acquisition, development, value-add, and credit deals
• Conduct sensitivity analyses, scenario modeling, and return calculations (IRR, equity multiple, cash-on-cash, DSCR)
• Validate underwriting assumptions against market data, comparable transactions, and historical performance
• Prepare investment memos and underwriting summaries for internal review and investor reporting
• Reconcile project-level P&L statements against budgets, proformas, and actuals on a monthly and quarterly basis
• Investigate and resolve variances; partner with property managers, GCs, and asset managers to explain deviations
• Coordinate with internal and external accountants to ensure accurate cost coding, capitalization, and reporting
• Maintain reconciliation work papers and audit-ready documentation

• Produce monthly and quarterly portfolio performance reports for leadership and investors
• Track project budgets, draws, and cash flow forecasts
• Support quarterly valuations and year-end audit processes
• Liaise with accounting team in Mandarin to ensure consistent treatment across entities

• Bachelor's degree in Finance, Accounting, Real Estate, Economics, or a related field
• 3–5+ years of experience in real estate financial analysis, investment underwriting, or fund accounting
• Fluent in Mandarin Chinese and English (written and spoken) — required to communicate with our accounting team
• Advanced Excel skills, including building complex proformas from scratch
• Strong understanding of real estate financial concepts: waterfalls, promote structures, debt sizing, capital stacks
• Experience reconciling project-level P&Ls and working with GL data
• Familiarity with accounting principles (GAAP); ability to bridge between underwriting assumptions and accounting reality
• High attention to detail with strong analytical and problem-solving skills

• Experience across multiple asset classes (residential, credit/debt funds, land/entitlement)
• Familiarity with Yardi, App Folio, MRI, or comparable real estate accounting systems
• CFA, CPA, or progress toward either certification
• Experience working with cross-border investment structures or Chinese investor reporting requirements

• Exposure to a diversified real estate investment platform spanning homes, credit funds, and entitlement projects
• Direct collaboration with senior leadership and deal principals
• Competitive compensation, performance bonus, and benefits
• [Location / hybrid details to be added]

• Shape Our Strategic Growth: Alpha
  
  X is in a pivotal phase of expansion. This is a defining opportunity to partner with our leadership to scale the organization, influence our corporate…