Development Analyst

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

Benefits offered by this job

Medical benefits

401k plan

Financial advisement

Unlimited PTO

Community service days

Flexible spending accounts

Job summary

CenterCal Properties in El Segundo, CA is seeking a Development Analyst to support the full development lifecycle—from deal sourcing and underwriting to financing, lease-up and stabilization of projects.

You will build cash flow models, perform market analyses, and help prepare investment memoranda for senior management. The role requires a finance/real estate background and solid modeling experience; travel as needed is expected.

Qualifications

• Bachelor's degree in finance, real estate, economics or related field.
• Minimum 1-3 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/sales comps, competition assessments, vacancy/saturation reports.
• Conduct detailed feasibility analyses of potential new developments with the development team.
• Prepare investment memoranda and reports for senior management.

Skills

Financial modeling

Market research

Cash flow analysis

Excel

Argus

Underwriting techniques

Education

Bachelor's degree (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!

• Medical, dental, vision, short-term disability, long-term disability and a group term life benefit.
• 401k plan - Under the Company’s current benefits package, eligible employees can begin participating after 90 days of employment.
• Financial advisement services through the company’s 401k advisor.
• Unlimited PTO Plan
• Two paid community service days – one individual volunteer day and one company-sponsored.
• Flexible spending accounts and more!

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 1-3 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.