Job Description

General Summary:

Supports development management in formulating asset strategies and evaluating projects from both financial and non-financial perspectives.

Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria and other relevant information to effectively evaluate Rockefeller Group Development Corporation (“RGDC”) development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; and assisting in developing proposed annual and long range operating and capital expenditure budgets and plans for RGDC and RGDC projects. Assists with certain elements of the internal management of projects. Mentors Analysts as needed.

Summary of Key Duties and Responsibilities:

Formulates and implements financial analyses of development projects and of proposed asset sales
Prepares, updates and maintains financial models related to real estate transactions
Conducts ROI analysis, including cashflows, IRR’s, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties
Conducts research to gather and evaluate economic, demographic and real estate market data. Assembles and summarizes data and prepares reports of findings in support of development strategy and real estate initiatives, strategic studies and lease transactions
Assists with certain elements of the internal management of projects
Coordinates with departments including Development Accounting, Business Analysis, Treasury, Legal and Tax to collect market, economic and financial data, prepare budgets, project financials, and determine financing options
Participates in formulating and negotiating agreements with partner/investors and other appropriate individuals
Reads proposals and analyzes major lease transactions
Develops, updates and evaluates operating expense, cash flow and income projections against established budgets and operating proformas
Assists the Development Accounting team in monitoring development cost performance
Mentors Analysts as needed
Assists in review of leases, purchase and sale agreements, legal documents and other materials as part of the due diligence process
Assembles and summarizes data and provides recommendations to management
Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
Works with real estate and construction colleagues regionally and nationally to develop and evaluate strategic opportunities for the Rockefeller Group's development portfolio
Develops, drafts and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies and lease transactions
Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
Recognizes and informs management of business issues and opportunities which may affect project facilitation
Produces and delivers oral and written presentations accurately and effectively
Updates job knowledge through reading publications, participating in professional organizations and attending formal training as appropriate
Performs other duties as assigned

Education Requirements:

Bachelor’s Degree required, with preferred field of education in business, real estate or finance

Master’s Degree or MBA preferred, in business, real estate or finance

Experience / Knowledge / Skills Requirements:

Approximately 5 years of experience in real estate development, finance, loan financing or related field
Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience
Proven ability to build financial models in Excel
Proven experience with modeling waterfalls
Fundamental understanding of real estate operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required
Ability to track and analyze information to formulate appropriate recommendations
Excellent skills utilizing Excel, Word, relational databases and PowerPoint or other presentation software
Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
Excellent analytical skills and strong written and verbal communication skills, including the ability to draft investment committee memos
Independent and team project management skills required

Project Management

Underwriting

Due Diligence

Development

Rockefeller Group

• 100-1500 employees

Rockefeller Group is a leading U.S. real estate developer, owner, and operator, dedicated to excellence in the built environment. The company has been known for nearly a century for projects that anticipate demand, transform skylines and improve lives, while creating economic and civic value. Our properties and developments promote growth and renewal in cities, neighborhoods, and communities, delivering exceptional experiences and performance at home and at work. We take pride in being innovative, positive, and passionate about everything we do, promoting a culture of confidence and encouraging our employees to take intelligent risks. We constantly look for new ways to collaborate and strengthen the bonds between employees and the company, one another, and with clients, partners, and the greater community. This spirit challenges us to live up to our mission and makes Rockefeller Group a truly special place to work. When our employees are at their best, so is Rockefeller Group. That’s why we provide competitive compensation, attractive benefits, and a healthy work/life balance. Rockefeller Group International, Inc. and its subsidiaries are equal opportunity employers and comply with all federal, state and local equal employment opportunity laws. Our aim is to continue to recruit and retain a diverse workforce that promotes inclusiveness and emphasizes individual initiative, continuous improvement, and teamwork to deliver the highest quality real estate and services throughout the United States.

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