Fund Strategy Analyst

There are 17 million Americans who own rental property. Most don't want to be landlords anymore, but selling isn’t a good option. Why? You’d lose income and appreciation, trigger tax liabilities, kick out your tenants, have to fix up the house – the list goes on! Flock is here to help.

Flock’s mission is to provide every retiring landlord with the most cost-efficient and seamless exit. Our first product is a tech-enabled 721 Exchange for Single Family Rental landlords. Owners contribute properties into our professionally managed Fund, in exchange for passive equity ownership. It's a modern UPREIT model designed for sophisticated owners who want access to continued cashflows, liquidity, and diversification without triggering capital gains, disturbing tenants, or dealing with disposition friction. We’re now growing fast into the commercial and multifamily space and are looking for smart, entrepreneurial hustlers who want to help build something category-defining. 

We recently raised our Series B, led by Renegade Partners, and are also backed by other top tier investors, including Andreessen Horowitz, Primary Ventures, SUSA Ventures, 1Sharpe Ventures, and leaders from Invitation Homes and Opendoor. 

Flock is building a new kind of real estate fund: a diversified, beta-to-US-housing portfolio assembled one landlord at a time through §721 exchanges. That structure raises analytical questions most finance professionals never get to work on: how to measure performance across a portfolio that's constantly onboarding new assets, when to rotate market exposure, and what Flock's structural and operational benefits are worth in dollars against selling, a 1031 exchange, a DST or hiring a property manager. You'll make that case to landlords, advisors and platforms who allocate at scale.

You'll report directly to our Chief Business Officer and start as the person who owns the numbers. Every diligence question, model and analysis that goes in front of investors and wealth platforms runs through you. As you prove out, the role grows into crafting the Fund's financial story: how we explain performance, strategy and structure to the platforms and investors that decide whether to allocate.

This isn't a seat where you build page 40 of a deck someone else presents. Your work goes directly to the people making allocation decisions, and you'll see the results.

• →Own diligence for wealth platforms and RIAs evaluating the Fund: NAV methodology, distribution coverage, leverage, fees and portfolio composition, answered fast and right.
• →Build the analysis that compares Flock's structural and operational benefits to the alternatives a landlord or advisor is weighing (selling outright, a 1031 exchange, a DST, hiring a property manager) and translates the differences into dollars, tax impact included.
• →Build and maintain the Fund's core analytics: stabilized vs. unstabilized performance, same-store NOI, return attribution, and the metrics we report to investors.
• →Model how the Fund performs across scenarios such as rent growth, home price appreciation, rates and leverage.
• →Turn the analysis into the story: investor letters, platform diligence materials, performance commentary and the numbers behind how Flock explains itself to the market.
• →Build the tooling, from cleaner models and repeatable diligence answers to analyses that scale as the Fund grows.

• You'll learn real estate, fund strategy and capital formation at the same time, a combination most people take a decade to build.
• You'll sit next to the decisions, not three layers below them.
• Scope grows as fast as you earn it; the path into owning the Fund's narrative is real and explicit.
• Equity in a category-defining company backed by Andreessen Horowitz, Renegade Partners and Primary Venture Partners.

This is an intense, in-person role. We're a small team building something hard, and the prize is enormous. Seventeen million Americans own rental property, trillions of dollars of housing, and most of those owners will need an exit in the coming decades. If we get this right, Flock becomes the default way they leave, and the people who built it will have built one of the largest investment managers in the country. We're looking for someone who wants to be one of them.

• 1–3 years in investment banking, private equity, a real estate or credit fund, or a valuation or corporate development team where you built three-statement, DCF or returns models that senior people relied on to make decisions. You've been the analyst whose numbers didn't need to be checked twice.
• Expert-level Excel and financial modeling. You build and interrogate models; you don't just format decks or maintain reports.
• Exposure to capital markets or transactions. IB, DCM/ECM, M&A, structured finance, analytical roles at a fund, or consulting with clear ownership of the financial analysis are potential fits. Real estate experience isn't required; analytical depth is.
• Clear technical writing. You can turn complex financial analysis into answers a platform analyst and a retired landlord can both follow.
• Ownership. You take a request and see it through until it's done right, and you want more ownership and a steeper learning curve than your current seat offers. You're willing to work for it.
• Grit. You can manage several tight deadlines at once without giving up accuracy
• Problem Solver. You're comfortable with less structure and more autonomy than a large institution, and you find a path to the answer on your own
• Ethical. You conduct business with the highest level of integrity

Even if you don't meet 100% of the qualifications, we encourage you to apply!

Location: New York, NY (Flatiron District)

Compensation: $100–115k base salary, plus equity, and benefits (medical/dental/vision insurance, 401k and unlimited PTO).

This is a full-time, in-person role, five days per week from our Flatiron office.