Development Analyst

Greystar Worldwide, LLC; Excelsior (MN); On-site; USD 79,000 - 90,000; Full time

Benefits offered by this job

401(k) with company match

Sabbatical after 10 years

Paid parental leave

Housing discount for onsite team

Paid time off

Life insurance

Job summary

Greystar Worldwide, LLC is seeking a Development Analyst to support the company’s development platform. The role involves financial analysis of development opportunities, creation of detailed pro-forma models, and synthesis of market data to inform acquisitions decisions.

The candidate will interface with brokers, institutional partners, and leadership, supporting due diligence and reporting across assigned markets. A bachelor's degree in a related field and strong Excel skills are required.

Qualifications

• Bachelor's degree required in finance, accounting, business, real estate, economics, construction, architecture, or related field.
• Proficiency in Excel and financial modeling with cash flow forecasting.
• Attention to detail and strong problem-solving skills.
• Excellent interpersonal skills to build relationships with brokers, partners, lenders, and clients.

Responsibilities

• Conducts financial analyses of development opportunities, creating pro-forma, models, and market reports.
• Gathers and analyzes market data, prepares memoranda and narratives to support acquisitions.
• Maintains relationships with brokers, partners, lenders, and other stakeholders.
• Participates in due diligence, documenting key findings that affect deal returns.
• Tracks status of development transactions, manages timelines, and addresses issues impacting closing.

Skills

Excel

Financial modeling

Cash flow forecasting

Attention to detail

Interpersonal skills

Critical thinking

Education

Bachelor's degree in finance, accounting, business, real estate, economics, construction, architecture, or related field

Tools

Excel

Job description

ABOUT GREYSTAR

Greystar is a leading, fully integrated global real estate platform offering expertise in property management, investment management, development, and construction services in institutional-quality rental housing. Headquartered in Charleston, South Carolina, Greystar manages and operates over $350 billion of real estate in more than 260 markets globally with offices throughout North America, Europe, South America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing over one million units/beds globally. Across its platforms, Greystar has nearly $79 billion of assets under management, including over $34 billion of development assets and over $36.5 billion of regulatory assets under management. Greystar was founded by Bob Faith in 1993 to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

JOB DESCRIPTION SUMMARY

Supports the execution of the Company’s development platform by performing financial analyses of development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, interfacing with brokers, equity partners, institutional clients, and the Company’s development leadership, and tracking and reporting on the status of real estate transactions within the assigned geographic markets.

JOB DESCRIPTION

• Conducts financial analysis of development opportunities, including the creation of detailed pro-forma and financial models. Gathers, compiles, investigates, and analyzes market data to identify potential development opportunities, and prepares narrative development memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions.
• Establishes and maintains productive relationships with local market brokers, institutional and equity partners, lenders, real estate owners, and other key stakeholders, and appropriately manages on-going communications related to proposed development transactions.
• Identifies, investigates, and refers potential acquisitions and other real estate transactions to appropriate Greystar leadership, and assists in preparing financial, market, and other documents required for new business pitches and RFPs.
• Organizes, leads, and/or participates in the due diligence on properties under contract, and develops documentation and recommendations on key findings that may affect the return and financial performance of the proposed deal.
• Monitors and reports on the status and progress of proposed development transactions within the assigned geographic region, establishes critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and effectively addresses issues or problems that could otherwise adversely affect closing.

QUALIFICATIONS

• Work experience in real estate finance or public accounting; Big 4 background is a plus.
• A bachelor's degree is required in finance, accounting, business, real estate, economics, construction, architecture, or related field.
• Attention to detail and strong creative problem-solving skills.
• Proficiency in Excel and financial modelling skills, with working knowledge of cash flow forecasting.
• Excellent interpersonal and relationship-management skills in order to establish, cultivate, and maintain productive relationships with brokers, institutional and equity partners, owners, lenders, and the variety of potential clients with whom Greystar does business.
• Critical thinker and self-starter capable of accomplishing a task with limited guidance and supervision.

The salary range for this position is between $79,000 - $90,000.

ADDITIONAL COMPENSATION

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.

• Corporate Positions: Inaddition to the base salary, this role may be eligible to participateina quarterly or annual bonus program based onindividual and company performance.
• Onsite Property Positions: Inaddition to the base salary, this role may be eligible to participatein weekly, monthly, and/or quarterly bonus programs.

ROBUST BENEFITS OFFERED*

• Competitive Medical, Dental, Vision, and Disability & Lifeinsurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
• Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
• For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
• 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
• 401(k) with Company Match up to 6% of pay after 6 months of service.
• Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
• Employee Assistance Program.
• Critical Illness, Accident, HospitalIndemnity, PetInsurance and Legal Plans.
• Charitable giving program and benefits.

*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listedinformation above due to Collective Bargaining Agreements and/or local governing authority.

Greystar will consider for employment qualified applicants with arrest and conviction records.

Greystar is an equal opportunity employer and does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, genetic information, military or veteran status, or any other characteristic protected by applicable law.

Important Notice: Greystar will never request your banking details or other sensitive personal information during the interview process. Greystar does not conduct any interviews via text or messaging, and all communication will come from official Greystar email addresses (@greystar.com). If you receive suspicious requests, please report them immediately to [e-mail].