Senior Analyst, Real Estate

Flow; Riyadh; On-site; SAR 250,000 - 380,000; Full time

Job summary

Flow is seeking a Senior Analyst, Real Estate to support origination, underwriting, structuring, and execution of third‑party management agreements and acquisitions. The role focuses on financial analysis, feasibility, and deal execution across multifamily and hospitality opportunities.

The ideal candidate has 5+ years of real estate/related experience, strong Excel modeling skills, and a deep understanding of NOI, occupancy, ADR, and RevPAR metrics.

Qualifications

• Bachelor’s degree in Finance, Real Estate, Economics or related field.
• Minimum 5 years of experience in real estate, hospitality, development, investment, strategy, or related roles.
• Strong proficiency in Excel for building complex financial models.
• Solid understanding of real estate and operating metrics (NOI, occupancy, ADR, RevPAR).
• Experience evaluating, structuring, or negotiating management agreements or similar transactions.

Responsibilities

• Underwrite prospective management agreements and asset opportunities with financial analysis and sensitivities.
• Evaluate assets for operational fit, brand suitability, and value creation.
• Perform market and feasibility analysis including rental/occupancy benchmarks and pricing.
• Support structuring of management agreements, fees, terms, and brand standards.
• Prepare deal summaries, financial analyses, and memos for senior management.
• Coordinate due diligence and deal execution from assessment to term sheet.
• Track and analyze pipeline, openings, and performance against underwriting.

Skills

Financial analysis

Underwriting

Real estate knowledge

Communication

Attention to detail

Education

Bachelor's degree in Finance/Real Estate/Economics

Tools

Excel

Job description

About the Company

At Flow, we’re reimagining what it means to live, work, and connect. More than just a real estate company, Flow is a brand, a technology platform, and an operations ecosystem spanning condominiums, hotels, multifamily residences, and office spaces. We’re building a new kind of living experience: one that’s flexible, connected, and designed to create genuine community and real value for the people who call Flow home.

Our mission is oneness: prioritizing our residents and their experiences, and fostering connection with ourselves, their neighbors, and the natural world. By putting people at the center of everything we do, we’re creating vibrant, human-centered communities where life, work, creativity, and play all come together in one place.

About The Role

The Senior Analyst, Real Estate will support the origination, underwriting, structuring, and execution of third-party management agreements and acquisitions. The role will evaluate owner and asset opportunities where Flow can operate under its brand and platform, similar to a hotel flag or management model, with a focus on financial analysis, feasibility, commercial terms, due diligence, and deal execution across multifamily and hospitality-led opportunities.

Key Responsibilities

• Underwriting: Build and maintain financial models for prospective management agreements, including property performance, management fee streams, ramp-up assumptions, and Flow-level economics. Conduct sensitivities to assess risk and commercial attractiveness.
• Asset & Owner Opportunity Evaluation: Underwrite prospective assets and owner partnerships for operational fit, financial viability, brand suitability, and value creation potential. Analyze operating statements, unit mix, occupancy, pricing, and historical performance where available.
• Market & Feasibility Analysis: Assess supply and demand, rental or room rates, competitive positioning, development pipelines, customer segments, and operating benchmarks. Translate findings into clear recommendations on whether and how Flow should pursue an opportunity.
• Management Agreement Structuring: Support the structuring and negotiation of management agreements, including base and incentive fees, pre-opening or technical service fees, term, performance tests, owner obligations, termination rights, exclusivity, and brand standards.
• Deal Materials & Approvals: Prepare deal summaries, financial analyses, presentations, and approval memoranda for senior management, clearly articulating the strategic rationale, economics, key risks, negotiation points, and recommended position.
• Due Diligence & Deal Execution: Coordinate financial, operational, legal, technical, and commercial diligence with internal teams, owners, advisors, and counterparties. Support opportunities from initial assessment through term sheet, contract execution, and handover to pre-opening or operations.
• Pipeline & Performance Support: Track the management agreement pipeline, including deal status, expected openings, fee potential, and key milestones. Review signed and operating deals against underwriting to improve future assumptions.

Background & Experience

• Bachelor’s degree in Finance, Real Estate, Economics, or a related field.
• Minimum 5 years of experience in real estate, hospitality, development, investment, strategy, or related roles, with strong financial analysis and underwriting experience.
• Strong proficiency in Excel, particularly in building complex financial models.
• Strong understanding of real estate and operating metrics, including NOI, margins, occupancy, ADR/rental rates, RevPAR where relevant, and management fee economics.
• Knowledge of third-party operating models, hospitality-style management agreements, and owner-operator commercial structures.
• Experience evaluating, structuring, or negotiating management agreements, franchise or flag arrangements, operating partnerships, or similar transactions is strongly preferred.
• Experience in multifamily, hospitality, serviced apartments, branded residences, or adjacent living sectors is preferred.

What We Are Looking For

• High ownership, accountability, and a hands‑on, collaborative approach.
• Willingness to operate at both strategic and executional levels.
• Detail‑oriented, with a high standard for accuracy and control.
• Comfortable operating in a fast‑paced, high‑growth environment.
• Excellent communication skills, both written and verbal.
• Structured, disciplined, reliable, practical, and solutions‑oriented.

Why Join Flow?

Headquartered in the United States, Flow was established in 2021 with a $350 million investment from Andreessen Horowitz (a16z), the largest individual investment in the venture capital firm's history.
Since entering the MENA region in 2024 via the acquisition of close to one thousand units in Saudi Arabia, the company has become one of the largest owners and operators of residential real estate in the Kingdom.
Joining the company now would mean stepping into a pivotal role at a transformational time. You’ll work alongside a high-caliber team to launch flagship communities, deliver iconic resident experiences, and redefine what it means to call the region hom