Associate - Real Estate Development/Investment

Provident; Dallas (TX); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Performance-based incentives

Employee Profit Sharing program

Life Insurance

Long-Term Disability Insurance

Job summary

Provident is seeking an Associate in Real Estate Development/Investment to support analyses across office, retail, mixed-use, self-storage, and RV park assets. The role involves ground-up development and acquisitions, with exposure to asset management, leasing, and dispositions.

The ideal candidate will have 2-5 years of experience in real estate finance or development, strong Excel/Argus proficiency, and a talent for data-driven decision making.

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, or related field required.
• 2-5 years of real estate finance, investments, or development experience preferred.
• Proficiency with loan, lease and investment analysis including debt sizing/structuring and waterfall analyses.
• Experience with asset management, budgeting, and deal execution across property types.

Responsibilities

• Analyze acquisitions, dispositions, refinancing analyses, valuations, and NPV/IRR calculations.
• Build and maintain financial models for investments and development opportunities.
• Assess debt sizing, lease abstraction, rent rolls, and return metrics (IRR, equity multiples).
• Analyze budgets, capital plans, and reforecasts against underwriting assumptions.
• Prepare financing packages for lenders, investors, and joint ventures.
• Conduct market research to inform rent, expense, and absorption assumptions.
• Create investment memos for internal and partner review.
• Support due diligence and coordination of legal documents.

Skills

Analytical thinking

Communication

Independent work

Problem solving

Education

Bachelor's degree in Finance, Real Estate, Economics, or related field

Tools

Excel

Argus

AI tools (Claude/ChatGPT/Copilot)

Job description

Position Overview:

The ideal candidate for the Associate, Real Estate Development/Investment position is a self-starter who is detail-oriented and driven by results, with the ability to interpret hard data into real-world situations. This individual embodies a strong ethical core and collaborative spirit, with strong financial modeling and underwriting skills.

This in-office role will be based in our North Dallas office and report to the Executive Vice President, Real Estate Investments. In this role, you will support analyses that inform the firm's investment and development decisions across a variety of property types, including office, retail, mixed-use, self-storage, and RV park assets. This role will involve ground-up development and the acquisition of existing properties, with exposure to asset management, leasing, and dispositions.

This is a high-visibility opportunity for an analyst, associate, or underwriter looking for the next step on the path toward becoming a development partner, working closely with senior team members across a broad range of asset classes.

Key Responsibilities:

• Support a wide range of analyses, including acquisitions, dispositions, refinancing analyses, valuations, sell/hold analyses, leasing NPV/NER, sensitivities, promote waterfalls, and other ad hoc analyses.
• Build and maintain financial models for prospective and active real estate investments and development opportunities across a variety of commercial (office, retail, mixed-use, self-storage, and RV park) assets.
• Perform debt sizing and structuring analysis, lease abstraction, and rent roll/tenant credit analysis; evaluate deal structures, capital stacks, and return metrics (IRR, equity multiples, etc.).
• Analyze operating budgets, capital plans, and reforecasts, and track performance against underwriting assumptions.
• Assist in preparing financing packages for lenders, investors, and joint venture partners.
• Conduct market research and gather data through broker outreach and industry resources to inform rent, expense, and absorption assumptions.
• Create investment memos to present opportunities internally and to investment partners.
• Participate in financial and physical due diligence for investment opportunities.
• Assist in the review and coordination of legal documents, including leases and sales contracts.
• Support the development process, including the draw process, GC coordination, entitlement and zoning matters, and development pro formas.
• Support asset management and ongoing operations oversight for properties across the portfolio.
• Coordinate with sponsors related to monthly payments and financial reporting requirements in accordance with the investment documents.

Qualifications & Experience:

• Bachelor's degree in Finance, Real Estate, Economics, or a related field.
• 2-5 years of relevant experience in real estate finance, investments, or development, ideally with exposure to office and/or retail asset classes; additional experience across mixed‑use, self‑storage, and RV park assets is a plus, as the team works across a wide range of product types.
• Prior experience as a Financial Analyst or Underwriter within a real estate investment or development firm.
• Proficiency with loan, lease and investment analysis – debt sizing/structuring, lease abstraction, rent roll/tenant credit analysis, waterfall and return analysis
• Previous experience with asset management/ongoing operations oversight/transaction management & deal execution/ performance tracking/budgeting against underwriting.
• Experience managing high volume of concurrent deals.
• Strong proficiency in Microsoft Excel, including modeling and analytical functions; Argus experience a plus.
• Experience applying AI tools (e.g., Claude, ChatGPT, Copilot) to research, analysis, modeling, and other practical business applications, driving greater productivity, efficiency, and automation in day‑to‑day work.
• Development experience a plus, including familiarity with the draw process, GC coordination, entitlement/zoning, and development pro formas.
• Strong quantitative, analytical, organizational, and communication skills.
• Self‑starter with an entrepreneurial mindset; thrives in dynamic environments and pivots seamlessly across projects and priorities.
• Strong analytical and creative problem‑solving skills, with a results‑driven approach.
• Excellent written and verbal communication skills, with the ability to present effectively to owners, equity partners, and tenants.
• Ability to work independently, managing multiple high‑priority projects simultaneously.
• Lifelong learner who applies expertise with confidence and defends analysis clearly and persuasively to investment committees.
• Clear, demonstrated interest in building a long‑term career path toward development partner.

Company Overview:

Since its inception in 1991, Provident has developed over $6 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.

Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $7.5 billion portfolio includes product types such as multi‑family, industrial, master‑planned communities, hospitality, retail, office, mixed‑use, and data centers across the United States.

Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well‑capitalized investment firm that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision‑making process, Provident is able to capitalize on fast‑moving opportunities and rapidly adjust to dynamic market forces.

Why Join Provident?

• Industry‑leading developer with strong financial backing.
• Competitive compensation package, including performance‑based incentives.
• Collaborative, high‑performance culture that values innovation and entrepreneurial thinking.
• Competitive base plus bonus, and the unique ability to invest in the Provident Employee Fund or participate in Provident's Employee Profit Sharing program.
• Company‑Provided Life Insurance and Long‑Term Disability Insurance