Development Analyst

CenterCal Properties, LLC; El Segundo (CA); On-site; USD 80,000 - 115,000; Full time

Job summary

CenterCal Properties, LLC in El Segundo, CA is seeking a Development Analyst to assist across deal sourcing, underwriting, financing, lease-up, and stabilization of projects. You will build cash flow models in Argus and Excel and perform market research to support feasibility analyses.

The role reports to the Senior Associate and requires 2–3 years in financial or real estate analysis, with a base salary range of $80,000–$115,000 per year plus a discretionary bonus.

Qualifications

• Bachelor's degree in finance, real estate, economics or a related field.
• Minimum 2-3 years of full-time experience as a financial or real estate analyst.
• Cash flow modeling experience in Excel and Argus.

Responsibilities

• Prepare cash flow and pro forma financial models in Argus and Excel as part of underwriting process.
• Perform market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc.
• Conduct detailed feasibility analysis of potential new developments including evaluation and modification of financial models for retail, residential, and other products; support negotiation of tenant leases; analyze costs vs. similar projects; review land use and design constraints.
• Prepare investment memoranda and related reports for senior management and Investment Committee review.
• Coordinate due diligence and closing processes with Sellers, Lenders, 3rd party consultants, and CenterCal team members.
• Assist coordination with architects and consultants throughout development process.
• Support entitlement and permitting by interfacing with local governments and agencies.
• Work with construction department to establish and maintain cost estimates for pro forma models.
• Manage monthly development reports, debt and equity draws, and pro-forma updates.
• Interface with internal and external parties to generate and advance pipeline projects.

Skills

Financial underwriting

Analytical skills

Communication skills

Attention to detail

Team collaboration

Education

Bachelor's degree in finance/real estate/economics

Tools

Excel

Argus

Job description

Incredible opportunity to be part of an amazing portfolio and team!

Based in El Segundo, CA, we are currently seeking a Development Analyst who embodies our values: kind, scrappy, uplift communities, creative persistence, curiously open minded, magical places, and build great teams.

In addition to a competitive compensation package, CenterCal offers a comprehensive benefits package and company culture that is collaborative and focused on the health and well-being of its strongest asset – all employees!

GENERAL PURPOSE:

Reporting to the Senior Associate, the Analyst will assist in all aspects of the development from deal sourcing and underwriting all the way through supporting financing, lease-up, vertical development, construction close-out and the stabilization of projects.

KEY RESPONSIBILITIES/DUTIES:

Responsibilities include but are not limited to:

• Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting process
• Performing market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resources
• Working with the Development Team to conduct detailed feasibility analysis of potential new developments including:
• -Evaluation and modification of financial models for retail, residential, and other products
• -Analysis to support the negotiation of tenant leases
• -Analysis of expected costs and comparison to similar projects
• -Review of land use issues and design constraints
• Preparing investment memoranda and related reports for senior management and Investment Committee review
• Coordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team members
• Assisting in the coordination with architects and other consultants throughout the development process
• Supporting the entitlement and permitting process by interfacing with local governments and agencies with jurisdiction
• Working with the construction department to establish and maintain cost estimates to be used in pro forma models
• Managing monthly development reports, debt and equity draws, and pro-forma updates
• Interface with internal and external parties to generate and advance pipeline projects

Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job.

MINIMUM QUALIFICATIONS:

The following are the minimum qualifications which an individual needs in order to successfully perform the duties and responsibilities of this position. Please note that the minimum qualifications may vary based upon the department size and/or geographic location.

• Bachelor's degree in finance, real estate, economics or a related field
• Minimum 2-3 years of full-time experience as a financial or real estate analyst
• Cash flow modeling experience in Excel and Argus

Knowledge, Skills & Abilities:

• Understanding of financial underwriting techniques and investment return metrics
• Ability to travel to the job site as required to perform duties
• Prior financial modeling experience is required. Ability to create and update complex financial models including waterfall structures
• Strong oral and written communication skills
• Outstanding quantitative and analytical skills
• Ability to maintain confidentiality and display good judgment
• Strong attention to detail
• Ability to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneously
• Ability to maintain quantity without sacrificing quality
• Exceptional organizational, analytical, and interpersonal skill
• Extremely strong work ethic and drive to succeed

The base salary range for this position is $80,000-$115,000per year, commensurate with experience, skills, and qualifications. In addition to base salary, this role is eligible for a discretionary bonus.