Analyst, Development

Related Midwest; Chicago (IL); On-site; USD 90,000 - 110,000; Full time

Benefits offered by this job

Health Care

401(k) matching

Paid leave

Job summary

Related Midwest in Chicago is seeking a Development Analyst to focus on real estate acquisitions and development, including financial analysis and modeling, site acquisition, due diligence, zoning, budgeting, construction and design.

The Analyst will prepare detailed financial analyses and models including those for transaction underwriting and ROI analysis, and will provide key takeaways to business units and senior management.

Qualifications

• Minimum 2 years of experience in real estate financial modelling through real estate corporate finance, investment banking, private equity or related fields.
• Strong quantitative, financial analysis and modeling skills with MS Excel proficiency.
• Excellent written and verbal communication and ability to manage multiple priorities.

Responsibilities

• Assist project manager across development activities including site acquisition, financing, approvals, design and construction monitoring.
• Conduct market, site and zoning assessments and due diligence for development feasibility.
• Underwrite development deals and prepare business plans, forecasts and strategic/operating plans.
• Prepare internal and external correspondence and manage municipal filings for tax abatements and financing programs.

Skills

Real estate financial modelling

Financial analysis

Communication

Tools

Excel

Job description

Responsibilities

The Development Analyst will focus on all aspects of real estate acquisitions and development including financial analysis and modeling, site acquisition, due diligence, zoning, legal document review, budgeting, construction and design. The Analyst will prepare detailed financial analyses and models including those for transaction underwriting and return on investment analysis, and will provide key takeaways to business units, corporate finance, and senior management. The Analyst will also provide timely explanations of variances between actual results and forecasts/budgets. Other responsibilities include:

• Assisting 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.
• Underwrite new development deals. Prepare business plans, including annual operating plans, financial forecasts, strategic plans, and product introduction financial plans.
• Author internal and external correspondence for transaction and property descriptions, offering memoranda for asset sales and capital raisings, and responses to RFP's. Manage detailed municipal filings for various development related programs, such as real estate tax abatements and municipal financing applications.

Compensation:

• $90,000-$110,000 / year
• Annual performance based bonus

Qualifications

• A minimum of 2 years of experience in real estate financial modelling from areas such as real estate corporate finance, investment banking, private equity or real estate investment sales, or debt platforms.
• Strong quantitative, financial analysis and modeling, MS Excel skills are required.
• Exceptional time management and prioritization skills are also required to succeed in a fast paced environment, managing multiple projects with significant responsibilities and competing priorities.
• Coping skills, attention to detail, along with a strong desire to grow and succeed are critical.
• Excellent communication, written and interpersonal skills at all levels are critical to success at Related.
• Must be able to work well in groups but also independently to manage and own tasks.
• Candidates that have a passion for real estate, a strong entrepreneurial mind, and strong work ethic will have the potential to become part of a growing company on the cutting edge of real estate development and an industry leader.

Benefits

• Personalized Health Care: Multiple medical, dental, and vision plan options; Employee Assistance Program
• Financial Benefits: Competitive salary and incentive packages; matching 401(k); FSAs and HSA; employer-paid life and AD&D insurance; paid leave & disability programs
• Social Wellness: 19+ days of PTO; mental health counseling & resources; fertility, surrogacy, and adoption assistance; volunteer days and donation matching
• Career Development: Learning & training programs; tuition & certification reimbursement; internal advancement opportunities

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Overview

Company Overview

Formed in 1972, Related is the most prominent privately-owned real estate firm in the United States. Headquartered in New York City, the company has offices and major developments across the world. Related owns and manages a premier portfolio of assets valued at over $100 billion, including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side.

Divisional Overview

Related Midwest , the Chicago office of Related Companies, is the preeminent developer of mixed-use properties, affordable housing communities, and luxury condominium and rental homes across Chicago. The company commands a portfolio of residential, mixed-use and master-planned properties, including pioneering projects like The 78 where the company is heading a transformational development on 62 acres in the heart of downtown Chicago to create the city’s next great neighborhood. Related Midwest is also the largest developer of affordable housing in the Midwest, with more than 10,000 units, and has never converted an affordable unit to market rate. The firm’s other market-defining projects include ultra-luxury residential tower One Bennett Park, designed by Robert A.M. Stern Architects; The Row Fulton Market, the first high-rise in Chicago built by an African American general contractor (BOWA Construction); luxury rental towers 500 N. Lake Shore Drive and OneEleven; Lathrop, an ongoing restoration and redevelopment of the historic Julia C. Lathrop Homes into a mixed-income community; 400 Lake Shore Drive, two residential towers situated where the river meets the lake in Chicago, and Roosevelt Square, an innovative 120-acre multi-phase development on Chicago’s west side. For more than 30 years, Related Midwest has been an industry leader in community commitment and routinely sets the bar for measurable equity, diversity and inclusion standards on all of its projects. The company is deeply committed to improving neighborhoods, creating sustainable opportunities for small businesses and community residents, and building inspirational places and homes for all. Related Midwest’s business model is built on partnership with minority- and women-owned firms as well as mentorship of small minority- and women-owned businesses as they launch and grow. The firm is a founding partner in HIRE360, a first-of-its-kind community partnership designed to expand professional development and employment opportunities in the trades.

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