Development Analyst

Simone Development Companies; New York (NY); On-site; USD 75,000 - 95,000; Full time

Job summary

Simone Development Companies in New York seeks a Development Analyst to support development and redevelopment projects, acquisitions, and financial analyses. The role includes budgeting, financing, entitlement, consultant coordination and construction oversight.

The Analyst will build underwriting models, monitor budgets, and draft term sheets while collaborating with legal, accounting, property management and leasing teams. A strong foundation in finance and real estate is essential.

Qualifications

• BA/BS degree in finance, real estate, engineering, architecture or related field.
• 1-2 years of relevant commercial real estate work experience in development, finance, banking, acquisitions, commercial brokerage, underwriting or valuation.
• Strong quantitative, financial analysis and modeling skills.
• Excellent written and verbal communication skills; Excel proficiency; Argus/Yardi a plus.

Responsibilities

• Assist development management across budgeting, financing, planning, design, land use, permitting and construction.
• Build complex financial underwriting models: capital structures, direct cap, DCF, debt sizing, feasibility.
• Create and monitor project budgets and draw schedules; track costs, invoices, payments.
• Ensure projects meet budgets, milestones and quality standards.
• Participate in regular meetings and maintain project tracking reports.
• Coordinate with in-house teams and third-party consultants (attorneys, architects, engineers).
• Review purchase/sales agreements, loan documents, leases and contracts.
• Prepare monthly investment return analyses.
• Issue RFPs for consultants (engineers, architects).
• Communicate financial and project info to senior management.
• Draft and review term sheets and memos for leases and purchases.

Skills

Strong quantitative financial analysis

Excellent written and verbal comms

Independent / self-starter

Education

BA/BS in finance or real estate

Tools

Microsoft Excel

Argus Enterprise

Yardi Enterprise

Job description

Simone Development Companies, a full-service, privately held real estate Investment and Development Company, with a distinguished resume and reputation, is in need of a Development Analyst. Simone has the ability to rapidly move any project through site selection, acquisition, financing, construction, leasing, property management and maintenance. The core principles that define the organization are the stability, creativity and professional expertise of the management team; an aggressive long-term business plan; a commitment to excellence and tenant service; close relationships with strategic partners, tenants, lenders, municipalities, and real estate professionals; a consistent ability to add value; and most importantly, an unwavering pursuit of visionary development.

Analyst

The Analyst is responsible for assisting in the management and execution of development and redevelopment projects as well as acquisitions. The Analyst will assist with aspects of real estate development and investment, including financing, budgeting, entitlement and government approvals, consultant coordination, design, leasing, due diligence, marketing, and construction oversight.

Key Responsibilities:

• Assist in all aspects of development management including budgeting, financing, planning, design, land use, permitting and construction
• Create detailed, dynamic and complex financial underwriting models for investment opportunities including modeling capital structures, direct cap and DCF valuations, debt sizing, sensitivities, and feasibility analyses of potential developments, redevelopments and acquisitions
• Create and monitor detailed project budgets and draw schedules including tracking all project costs, invoices and all payment and draw applications for active developments
• Ensure projects are completed within established budgets, scheduled milestones and standards of quality
• Participate in regular project meetings and maintain project tracking reports
• Work with in-house legal, accounting, property management, and leasing teams as well as third party consultants such as land use attorneys, architects, engineers and contractors
• Review purchase and sales agreements, loan documents, leases, construction contracts and other documentation for new and existing investments
• Assist in preparation of monthly reports and investment return analyses
• Create and issue RFPs for consultants, including but not limited to engineers and architects
• Effectively communicate relevant financial and project information to senior management
• Draft and review term sheets and memo’s for lease and purchase transactions

Key Attributes

• Strategic, creative thinker with a track record of using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
• Ability to work independently, present recommendations and interact with senior management and partners in the decision making process
• Highly motivated, assertive and driven
• Keen attention to detail with ability to work on multiple projects simultaneously
• Able to prioritize, organize and manage multiple deadlines
• Self-starter with positive attitude and strong work ethic

Qualifications

• BA/BS degree in finance, real estate, engineering, architecture or related field
• 1-2 years of relevant commercial real estate work experience in development, finance, banking, acquisitions, commercial brokerage, underwriting or valuation
• Strong quantitative, financial analysis and modeling skills and demonstrated analytical ability
• Advanced knowledge of Microsoft Excel
• Knowledge of Argus Enterprise a plus
• Knowledge of Yardi Enterprise a plus
• Excellent written and verbal and communication skills