Development Associate - Timbers Resorts

February 14, 2017

Timbers Resorts

Carbondale, Colorado 81623
http://www.timbersresorts.com

The Development Associate will report to the Chief Executive Officer and will support Managing Directors of Development, the head of Acquisitions/Investments, and the Senior Advisor for the Timbers Resorts team.

 

Essential Duties and Responsibilities

 

  • Assist in identifying and assessing strategic development sites through market research, demographic studies, and competitive analysis.
  • Participate in multifunctional teams to analyze existing market conditions, product mix, property amenities and features, sales pricing, and operational expenses at target properties. 
  • Develop a matrix of key competitors including property locations, specific amenities, and pricing in strategic markets.
  • Participate in the preparation of pre-development budgets and schedules for proposed projects from the initial acquisition phases through the commencement of operations.
  • Participate in the entitlement process for future development sites.
  • Research all relevant financial assumptions for underwriting.
  • Assist with the creation of detailed financial models (for hotel and real estate sales) and performing due diligence efforts.
  • Assist the overall Timbers team in preparing and presenting investment packages.

 

Knowledge, Skills, Abilities and Other Qualities

  • Must be a self-starter, highly motivated and goal-oriented individual
  • Excellent interpersonal, written, and verbal communication skills
  • Must be able to work in a team environment
  • Strong analytical and problem-solving skills
  • Perform complex financial analyses, including cash flow projections with complex financing structures, valuation models, and sensitivity analyses.
  • Advanced understanding of the entitlement process required for raw land in resort locations.
  • Create sophisticated Excel-based analytical tools including macro-enabled financial models.
  • Effective organizational, prioritization and time management skills
  • Flexible and able to handle multiple projects and tasks simultaneously
  • Accurate, detail oriented, dependable and punctual
  • Willingness and patience to iteratively improve/refine work product
  • Advanced MS Office Suite skills
  • Ability and willingness to travel to various locations (including international)

Education and Experience

  • Bachelor’s degree in Business Administration, Finance, or Real Estate required
  • Graduate degree in Business Administration, Finance, or Real Estate preferred
  • 5+ years’ relevant resorts development and hotel development work experience