Development Analyst

Magellan Development Group; Chicago, Northern (IL, KY); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Participation in discretionary bonus

401(k) plan

Job summary

Magellan Development Group is seeking a Development Analyst to support all aspects of development projects in Chicago. The role focuses on underwriting, market research, financing strategies, and asset management, with responsibilities spanning site acquisition, design, approvals, and exit strategies.

The ideal candidate has 2+ years in real estate/PE/debt platforms, strong communication, and a Bachelor’s in a related field.

Qualifications

• Bachelor’s degree in finance, economics, real estate, or related field.
• 2+ years of real estate, private equity, investment sales, and/or debt platforms.
• Experience in real estate financial modeling for development/PE/debt.

Responsibilities

• Underwrite development opportunities and create market analyses.
• Create operating budgets, financial projections, and capitalization strategies.
• Manage government filings for incentives programs (TIFs, tax abatements, grants).

Skills

Real estate financial modeling

Communication skills

Time management

Collaborative teamwork

Education

Bachelor’s degree in finance, economics, real estate

Job description

The Development Analyst will support all aspects of the company’s real estate development projects, including underwriting, acquisition, design, governmental approvals, financing, construction, sales and marketing, and asset management. This individual will create financial models, underwrite development opportunities, compile and maintain market research, evaluate financing strategies, and present investment analyses and project updates to company leaders, capital partners, and external stakeholders.

Magellan Development Group is a leading real estate development, investment, and management company that specializes in best-in-class mixed-use, hotel, condo, apartment, retail, and office assets across the United States. Magellan has completed 35 large-scale development projects valued at over $8 billion since its founding in 1996 and has an extensive pipeline of future projects. This role offers candidates the opportunity to join an experienced team with a decades-long track record of success and commitment to continued growth and innovation in the field of real estate development.

The position will be based in Chicago, Illinois at Magellan’s corporate office.

Magellan offers a competitive range of compensation and benefits for eligible full-time employees:

• Annual Base Salary Range: $80,000 to $100,000 based on skills, education, experience, and other qualifications
• Participation in the company’s annual discretionary bonus program
• Participation in the company 401(k) plan

• Support all aspects of the development process, including site acquisition, financing, governmental approvals, design and construction oversight, sales and marketing strategy, and exit/recapitalization.
• Underwrite new development opportunities, including creation of market analyses, business plans, operating plans and projections, development budgets, and capitalization strategies.
• Create and maintain financial models for projects to inform development and ongoing asset management decision making.
• Research zoning and site encumbrances on prospective development project.
• Compile and maintain market research on supply/demand fundamentals and competitive set analysis for each targeted property type/submarket.
• Evaluate capitalization and financing strategies.
• Prepare internal and external communication for transactions, including investment committee memoranda, offering memoranda for financing and sales, and responses to requests for proposals.
• Manage governmental filings for incentives programs such as TIFs, tax abatements, and grants, including applications and ongoing reporting.

Qualifications

• Experience in real estate financial modeling in the areas of development, private equity, investment sales, and/or debt platforms.
• Strong work ethic, growth mindset, and desire to contribute to team success.
• Passion for real estate development and an entrepreneurial spirit.
• Ability to manage multiple projects with time management skills.
• Exceptional communication and interpersonal skills.
• Ability to work independently as well as in a collaborative team environment.
• A minimum of a Bachelor’s degree in finance, economics, real estate, or related field.
• 2+ years of experience in real estate, private equity, investment sales, and/or debt platforms.