Development Analyst

• 1-2 years in real estate investment & finance, development or design/engineering.
 • Bachelor’s Degree
 • Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash-on-cash returns and others.
 • Understanding economic indicators as they relate to valuing multifamily real estate.
 • Proficiency in MS Excel, Word and Project 

The Development Analyst position will report to the area Managing Director and will focus on multifamily development and support initiatives.  The candidate will be responsible for a variety of supporting duties including the preparation of financial models and proformas, analyzing the feasibility of residential development projects, assist in the creation of investor/lender presentation packages, and assembling and presenting market research information.  

The Development Analyst will also be responsible for assisting in the preparation and tracking of budgets and project proformas to ensure that development projects are completed on schedule, within budget and in compliance with the terms of joint venture and loan agreements. The candidate will be an integral part of large development projects in all aspects of the business, including direct coordination with the project operations, financing, and construction. 

The office is a dynamic, entrepreneurial environment - the successful candidate must be a team-oriented, proactive, self-starter with eagerness to learn and grow, and have passion for the real estate development process.

• Assist in evaluating potential new development sites for zoning, market and financial feasibility
 • Conduct detailed market surveys and perform quantitative and qualitative analysis of competitive landscape
 • Underwrite the value of multifamily real estate development projects by developing and applying quantitative analytical models
 • Participate in conducting and managing the due diligence process on targeted development projects
 • Collect and integrate project data, including construction cash flow requirements, operating income and expense projections and financing assumptions for project proformas
 • Compose written and graphical summaries and memorandums regarding potential development projects for internal and external presentation
 • Assist with ad hoc initiatives and reporting
 
 The Basics:

• Understanding of the real estate and development industry
 • Effective organizational, prioritization and time management skills
 • Excellent verbal, written and presentation communication skills
 • Ability to work independently with minimal supervision, and to push need-to-know information upstream as warranted
 • Strong aptitude for building and manipulating financial models