Investment Associate / Financial Analyst

About the role

Caldwell Companies is an award-winning, fully integrated real estate development and investment firm based in Houston, Texas. For more than 35 years, we have developed large-scale master planned communities, commercial developments, and residential rental communities while managing real estate investments with a commitment to excellence.

Position Summary

The Investment Associate / Financial Analyst is a key member of Caldwell Companies’ Investment team, playing an integral role across the real estate investment and development lifecycle - from underwriting and financial feasibility through development, asset management, investor reporting, and disposition.

Key Responsibilities

• Build, maintain, and update financial models for existing developments and prospective acquisitions; perform underwriting and feasibility analysis across residential, multifamily, commercial, mixed-use, office, and retail product types.
• Review offering memorandums and acquisition materials; analyze project performance, investment returns, cash flows, and key financial assumptions.
• Develop new financial models and analytical tools to evaluate acquisition, development, financing, and disposition opportunities.
• Conduct market research to support assumptions on pricing, absorption, product mix, timing, and costs.
• Perform ad hoc financial analysis to support management and investment decisions.
• Prepare recurring financial and operational reporting, quarterly investor packages, and supporting narrative updates for management, investors, lenders, and capital partners.
• Provide loan compliance support and investor communications through Caldwell’s investor reporting platforms.
• Work with development managers to maintain accurate development forecasts, budgets, and cash flow projections; update models for actual monthly activity and prepare variance analyses.
• Monitor project performance against approved plans, identifying material variances, risks, and opportunities — including projected loan balances, funding requirements, and equity needs.
• Evaluate the financial impact of proposed development, infrastructure, amenity, design, and capital decisions, including Capital Budget Request comparisons to annual plans and forecasts.
• Support the disposition process as projects or assets approach the end of their anticipated hold periods.

Requirements

• Bachelor’s degree in finance, real estate, economics, accounting, business, or a related field; graduate education (MRE, MLPD, MBA, or similar) preferred but not required.
• 1-3 years of relevant experience in real estate valuation, investment analysis, development, private equity, investment banking, or related fields.
• Strong financial modeling and analytical skills, with advanced proficiency in Microsoft Excel; ARGUS experience preferred.
• Strong understanding of financial statements, cash flow analysis, investment returns, and valuation concepts.
• Excellent written and verbal communication skills, with strong organizational skills and attention to detail.
• Ability to manage multiple projects and priorities in a fast-paced environment, work collaboratively across disciplines, and take ownership of assignments.
• Intellectual curiosity and a desire to understand both the financial and operational aspects of real estate development and investment.