Development Associate

CREN; New York (NY); Hybrid; USD 70,000 - 100,000; Full time

Job summary

CREN, based in New York, NY, seeks a Development Associate to support front-end underwriting and execution of a real estate development pipeline. You will bridge feasibility analysis with day-to-day project coordination, helping prepare materials for internal review and lender collaboration.

Based in New York, you will coordinate budgets, schedules, and key risk items as projects move from diligence into preconstruction and financing, while managing external consultants and internal stakeholders

Qualifications

• Experience building pro forma models and sensitivity analyses.
• Familiarity with site diligence and feasibility studies.
• Ability to coordinate complex development workflows with stakeholders.

Responsibilities

• Support development opportunity sourcing, including initial feasibility and site diligence.
• Build and maintain pro forma models and sensitivities to evaluate returns.
• Prepare investment committee materials and internal deal memos for approvals.
• Coordinate entitlement and permitting workflows with internal and external consultants.
• Support design and preconstruction activities, including budgeting and scheduling.
• Track deliverables, timelines, and risks across third-party teams.
• Maintain development budgets, schedules, and dashboards; monitor variances.
• Assist with financing and capital stack coordination and lender materials.

Skills

Financial modeling

Feasibility analysis

Project coordination

Stakeholder management

Education

Bachelor's degree in finance, real estate, or related field

Tools

Excel

PowerPoint

PM software

Job description

This Development Associate role supports the front-end underwriting and execution of a real estate development pipeline, bridging feasibility analysis with day-to-day project coordination. The position sits within a development team and is focused on building and maintaining the financial and approval materials used to advance opportunities through internal review. Based in New York, NY, the role also helps keep external consultant workflows, budgets, schedules, and key risk items organized as projects move from diligence into preconstruction and financing.

Job Features

• Support sourcing and evaluation of development opportunities, including initial feasibility and site diligence
• Build and maintain pro forma models and sensitivities to evaluate returns, capital needs, and development scenarios
• Assist with preparing investment committee materials and internal deal memos for development approvals
• Coordinate entitlement and permitting workflows with internal stakeholders and external consultants
• Support design and preconstruction activities, including scope reviews, concept budgeting, and schedule inputs
• Help manage third-party teams (architects, engineers, consultants) by tracking deliverables, timelines, and open items
• Maintain development budgets, schedules, and reporting dashboards; track variances and key risk items
• Assist with financing and capital stack coordination, including lender/investor materials and closing diligence

Vertical Specialization

Development

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