Associate, Real Estate Development/Investment

Provident; Dallas (TX); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Health, Dental, Vision Insurance

Company-Provided Life Insurance and LT

401k with Company Match

529 College Savings Plan

3 Weeks PTO

Paid Holidays

Maternity/Paternity Leave

Job summary

Provident is seeking an Associate in Real Estate Development/Investment to support analyses for a diverse portfolio including office, retail, mixed-use, and special assets. This in-office role partners with senior leadership to inform investment decisions, with exposure to development and asset management across multiple product types.

The role emphasizes financial modeling, underwriting, and market research to drive acquisition, disposition, and capital-structuring analyses.

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, or related field.
• 2-5 years of real estate finance, investments, or development experience.
• Prior experience as a Financial Analyst or Underwriter in real estate.
• Proficiency with loan, lease and investment analysis (debt sizing/structuring, rent roll).
• Experience with asset management and deal execution.

Responsibilities

• Support acquisitions, dispositions, refinancing analyses, and valuations.
• Build and maintain financial models for investments and developments across assets.
• Perform debt sizing, lease abstraction, rent roll analysis; evaluate deal structures.
• Prepare financing packages for lenders and investors; conduct due diligence.
• Assist in development pro formas, entitlements, and development process.

Skills

Financial modeling

Underwriting

Excel

Argus

AI tools

Real estate investments

Education

Bachelor's degree in Finance/Real Estate/Economics

Tools

Argus

Job description

Location: Dallas, TX

Asset Class: Commercial (Mixed-Use | Office | Retail | RV Park | Self-Storage)

Employment Type: Full-Time | In-Office

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.

Skills & Competencies

• 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.

Benefits

• Competitive base plus bonus, and the unique ability to invest in the Provident Employee Fund or participate in Provident's Employee Profit Sharing program.
• Health, Dental, Vision Insurance
• Company-Provided Life Insurance and Long-Term Disability Insurance
• 401k with Company Match
• 529 College Savings Plan
• 3 Weeks PTO
• Paid Holidays
• Maternity/Paternity Leave

Equal Opportunity Employer Statement

We are an equal opportunity employer and are committed to fostering a diverse and inclusive workplace. We consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, or any other legally protected status.

Reasonable Accommodation

If you require a reasonable accommodation to complete any part of the application process or to perform the essential functions of the position, please contact us and let us know the nature of your request.