Development Associate

AOG Living; Houston (TX); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Development Associate to support their dynamic Development Team. This role involves collaborating with Development Managers on site evaluations and project performance, conducting market research, and preparing financial models and project plans. The ideal candidate will possess strong interpersonal skills and a solid understanding of the development process, including entitlements and permitting. Join this innovative firm and contribute to exciting multifamily real estate projects while enjoying a supportive work environment and opportunities for professional growth.

Benefits

Medical insurance

401(k)

Vision insurance

Qualifications

• 3+ years of multifamily real estate development experience required.
• Strong understanding of entitlements, design, and permitting processes.
• Ability to create financial models and project schedules.

Responsibilities

• Collaborate with Development Managers on site evaluations and project performance.
• Conduct market research and create financial models.
• Prepare project plans, budgets, and loan packages.

Skills

Microsoft Office (Excel, Word, PowerPoint)

Microsoft Project

Procore

Juniper Square

RealPage

RedIQ

Development Process Knowledge

Interpersonal Skills

Education

Degree in Real Estate

Degree in Architecture

Degree in Engineering

Degree in Business Administration

Degree in Accounting

Tools

Microsoft Project

Procore

Juniper Square

RealPage

RedIQ

Job description

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Provide support and analysis to the Development Team.

REPORTS TO: Development Manager

REQUIRED EDUCATION AND TRAINING

DEGREES AND DIPLOMAS:

• Degree in Real Estate, Architecture, Engineering, Business Administration, and/or Accounting

SPECIFIC SKILLS/EQUIPMENT:

Must be proficient in Microsoft Office, specifically Excel, Word, and PowerPoint. Knowledge of Microsoft Project, Procore, Juniper Square, RealPage, and/or RedIQ is a plus. Strong understanding of the development process, including entitlements, design, and permitting. Self-motivated, team player who can work collaboratively with the executive management team and outside consultants/clients.

EXPERIENCE OR SPECIALIZED KNOWLEDGE

Position requires a minimum of 3 years of multifamily real estate development experience.

TYPICAL PHYSICAL DEMANDS/ENVIRONMENTAL/WORKING CONDITIONS

Incumbents work in an office environment but also will have frequent exposure to outside elements where temperature, weather, odors, and/or landscape may be unpleasant and/or hazardous. Incumbents must be able to independently push, pull, lift, carry, or maneuver weights of up to twenty (20) pounds. Will be periodically called upon to work long hours, including but not limited to weekends and evenings.

The physical demands described here are representative of those that an employee must meet to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform these functions.

While performing the duties of this job, the employee is regularly required to stand, walk; sit; use hands and talk or hear. The employee is occasionally required to reach with hands and arms and stoop, kneel, crouch or crawl. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and ability to adjust focus.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

TYPICAL MENTAL CAPABILITIES

Must be able to read and write in English at a college level to prepare paperwork, complete reports and interpret instructions. Must be able to compose letters using proper punctuation and grammar. Must have mathematical skills at college level. Must be able to apply common sense understanding on a continual basis to determine actions, priorities and prepare computer reports. Decisions are based on standard operating procedures with few deviations. Will have regular contact with all levels of associates and therefore must possess excellent interpersonal skills.

Must handle stressful, urgent, novel, and diverse work situations daily. Emotional stability and personal maturity are important attributes in this position.

ESSENTIAL FUNCTIONS:

MAJOR FUNCTIONS AND STEPS (IF APPLICABLE) TO PERFORMING THESE FUNCTIONS IN THIS JOB ARE LISTED BELOW IN ORDER OF IMPORTANCE.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Collaborate with Development Managers and Analysts on pursuit site evaluation, site acquisition and overall project performance.
• Conduct project-relative market research, including analysis of property, submarket, and market conditions.
• Create financial and market models, project schedules with critical paths, equity investment memorandums and loan packages.
• Prepare annual project plans, monthly and quarterly report, cash flow projections and budgets with sensitivity analyses to demonstrate various financial scenarios.
• Prepare monthly construction loan draw packages for lenders.
• Conduct due diligence and entitlement process of the developments.
• Follow up with project action items, and support project managers in execution of predevelopment and development plans, including management of consultant timelines and design reviews.
• Participate in site visits and consultant meetings, both independently and with project managers
• Support capital market functions, including debt and equity planning and reporting.
• Update project checklists throughout the phases of the development.
• Perform other duties and responsibilities as assigned by the Development Manager or senior management.

OTHER ASPECTS OF JOB

The Development Associate may be required to assist in special projects or activities designated by the company. This may include due diligence, property acquisition/disposition, serving on or participating in company sponsored or sanctioned committees, organizations, functions, etc.

This job description should not be considered all-inclusive. It is merely a guide of expected duties. The employee understands that the job description is neither complete nor permanent and it may be modified at any time. At the request of their supervisor, an employee may be asked to perform additional duties or take on additional responsibilities without notice.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Consulting, Strategy/Planning, and Marketing

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Inferred from the description for this job

Medical insurance

401(k)

Vision insurance

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