Senior Development Associate

Job Description

• Independent Underwriting & Financial Modeling: Lead pro forma construction, DCF analysis, sensitivity modeling, and return analysis for active development deals. Own the financial model from initial underwriting through construction and stabilization.
• Pipeline Ownership (Associate Director): Own a defined portion of IDV's development pipeline. Drive deal progression from site identification through entitlement, financing, and construction commencement.
• Due Diligence & Transaction Execution: Lead or co-lead due diligence for land acquisitions, construction loans, and asset dispositions. Manage the full transaction process in coordination with legal, capital markets, and external advisors.
• Capital & Lender Relationships: Assist in preparing financing packages for debt and equity partners. Develop and maintain relationships with lenders, investors, and capital sources as deal cadence increases.
• Market Intelligence: Maintain and expand lease and sales comps databases. Conduct ongoing market analysis across IDV's target Texas and Oklahoma markets to identify opportunities and inform strategy.
• Project Coordination: Track milestones across land acquisition, entitlement, permitting, and construction. Proactively flag risks and drive resolution across the project team.
• Reporting & Documentation: Deliver regular project status updates to principals and external partners. Draft and review contracts, proposals, and deal-related documentation. Ensure regulatory compliance throughout the development process.
• Mentorship & Team Collaboration: Help establish processes and standards as the team grows. Contribute to a coaching-oriented culture by supporting more junior team members on deal execution and financial analysis.

• 5–12 years of experience in real estate development, private equity real estate, or a related discipline, with demonstrated progression in deal responsibility.
  
  
• Proven ability to lead underwriting independently — you own the model, not just populate it.
  
  
• Strong Excel-based financial modeling skills across the full development pro forma; Argus experience is not required.
  
  
• Experience managing external consultants, lenders, or capital relationships.
  
  
• Asset class flexibility — candidates from multifamily, mixed-use, or other non-industrial backgrounds are welcome; a strong track record in development finance matters more than industrial-specific history.
  
  
• Ability to work independently in a lean, entrepreneurial environment and represent the firm externally with confidence.
  
  
• Excellent communication skills — written and verbal, internal and external.
  
  
• Bachelor's degree in Real Estate, Finance, Business, Engineering, or a related field.
  
  

• Competitive base salary and discretionary year-end bonus
  
  
• Comprehensive medical, dental, and vision insurance
  
  
• 401(k) with employer match
  
  
• Minimum 15 days PTO plus professional development and conference allowance
• Direct involvement in investment committee discussions and capital strategy from day one

• High visibility in a flat organization — you will work alongside founders, not layers of management
  
  
• A transparent, coaching-oriented culture with a clear growth path as the platform scales