Development Analyst/Associate
Seeking a highly motivated analyst/associate candidate to join an experienced real estate development team focused on multi-family projects in Eastern Pennsylvania. The Development Analyst/Associate will have the opportunity to learn various aspects of real estate acquisitions/development, including financial analysis and modeling, project acquisition, due diligence, zoning, legal document review, budgeting, construction management, design, leasing, financing, and disposition.
Experience is a plus, but the most important qualities we are seeking are an eagerness to deliver top market performance, openness to new challenges, a hunger to learn, and a deep desire to deliver the best possible product. We are committed to training and developing candidates who strongly possess some, but not all, of the qualifications listed below.
Compensation
Starting salary is commensurate with experience.
Skills & Abilities
- Strong proficiency with office software including email tools, spreadsheets, and databases
- Excellent organizational skills with ability to accurately handle administrative duties
- Strong written and verbal communication skills for internal and external correspondence
- Analytical mindset with attention to detail in reviewing plans, specifications, and financial data
- Ability to manage multiple projects and priorities simultaneously across various sites
- Collaborative team player committed to supporting teammates and project success
- Commitment to thoughtful, detailed review of work to ensure workmanship, safety, design cohesion, and longevity
- Understanding of and commitment to site safety policies
Preferred Experience & Qualifications
- Proficiency with QuickBooks and/or other accounting software
- Experience with property management software such as Buildium or AppFolio, or willingness to learn these systems
- Ability to obtain OSHA-30 certification
- Background in real estate, construction, finance, or related field (helpful but not required)
Key Responsibilities
Financial Analysis & Deal Underwriting
- Prepare detailed financial analyses and models for transaction underwriting and return on investment analysis
- Provide key takeaways and recommendations to leadership and partners
- Prepare business plans, including annual operating plans, financial forecasts, strategic plans, and product introduction financial plans
- Provide timely explanations of variances between actual results and forecasts/budgets
- Analyze and conduct due diligence on new transactions and opportunities
- Underwrite new development deals
Development & Acquisition Support
- Assist the project manager in a broad range of development activities including site acquisition, financing, governmental approvals, design and construction monitoring, project branding, sales and marketing strategy and implementation
- Conduct market assessments, site assessments, zoning assessments, and other due diligence related to site acquisition and development feasibility
- Manage detailed municipal filings for various real estate development related programs
- Author internal and external correspondence for transaction and property descriptions, offering memoranda and other documents
Construction Management & Coordination
- Review plans and specifications for correlation with design intent
- Schedule multiple vendors, subcontractors, and other service providers at multiple project sites
- Collaborate on estimating and conducting take-offs for prospective projects
- Request, review and coordinate submittals, purchase orders, samples and shop drawings
- Create and maintain project logs
- Manage and support change order management process by obtaining pricing and developing estimates
- Work with team to assist in procurement, supply chain and material management
- Organize and document project meetings and participate in site meetings
- Review and analyze architectural plans and shop drawings
- Work in construction and ongoing building/project operations
- Follow site safety policies
Property Management
- Handle resident onboarding and move-in processes
- Interface via email and phone with tenants and potential tenants
- Respond to resident inquiries and requests in a timely manner
- Manage resident accounting, including rent collection and payment processing
- Use property management and construction management software systems
Financial Administration
- Track invoices and payments
- Work with third parties and banks to maintain required financial statements and records
- Manage accounts payable, accounts receivable, budgets, invoicing, and billing
- Process payment transactions and maintain accurate financial records
General Responsibilities
- Support teammates and collaborate effectively across all departments
- Adapt to changing priorities and take on additional responsibilities as needed to support team objectives
Equal Opportunity Employer
We are an equal opportunity employer and value diversity in our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Job Types: Full-time, Contract
Pay: From $40,000.00 per year
Benefits:
- Flexible schedule
- Paid time off
Work Location: In person
