Development Associate

Position Summary

The Development Associate will report to the President and assist the President and the Chief Investment Officer in all aspects of the development process, including acquisition, financing, zoning/entitlements, design, permitting, construction, leasing, delivery, and disposition. Senior Development Analysts are largely responsible for the daily operation and advancement of development projects. Senior Development analysts must have superior time management and problem-solving abilities. Accordingly, Senior Analysts will encounter a variety of roles ranging from high-level decision-making to maintaining detailed project coordination and organization.

Essential Functions

Actively participate in day-to-day project management;
Manage day-to-day communication and coordination with architects, engineers and consultants;
Coordinate and participate in design and construction meetings;
Prepare monthly draw packages (equity and debt), which includes invoice processing, budget tracking and monthly reporting updates to project owners and lenders;
Review general contractor and consultant invoices for accuracy and compare to applicable proposals/contracts;
Create and maintain basic financial analyses to assist with project decision making;
Provide direction, with Development Manager review, to financial analysts on input assumptions and general updates to project proforma models;
Prepare investor and internal reporting;
Assist in RFP and contracting process for architects, engineers, contractors, and other outside consultants;
Coordinate and attend meetings with regulatory and permit officials to complete entitlements and permits;
Support efforts of major financing events for projects as they commence construction; and
Track project schedules and monitor progress and delays.

Qualifications and Competencies

Bachelor’s Degree in related field;
2 – 4 years of related real estate or project management experience;
Passion for real estate development;
Ability to work independently and lead portions of a project to leverage Development Manager’s time;
Knowledge of development fundamentals; including the process, economics, design, financing, permitting, construction, and project management;
Strong organization skills, attention to detail, critical thinking skills, confidentiality, integrity, and the ability to maintain a high level of professionalism in a fast-paced dynamic environment; and
Strong financial, entrepreneurial, communication, organizational, problem-solving and interpersonal skills.