Development Associate

JPI; San Diego (CA); On-site; USD 54,000 - 170,000; Full time

Job summary

An established industry player is seeking a Development Associate to join their dynamic team in San Diego. This role offers the opportunity to coordinate all aspects of development projects, from due diligence through construction, while working closely with experienced professionals. With a commitment to integrity and community impact, the company provides a supportive environment for personal growth and career advancement. If you thrive in a collaborative setting and are passionate about real estate development, this position offers a chance to make a meaningful contribution to transformative projects.

Benefits

Competitive Bonus Program

4 Weeks PTO

Medical, Dental, and Vision Insurance

401(k) with Company Match

Tuition Assistance

Paid Volunteer Time

Phone Reimbursement

Qualifications

• 4-6 years of experience in real estate development preferred.
• Experience in underwriting and working with municipalities.

Responsibilities

• Assist in managing development projects from due diligence to construction.
• Maintain financial proformas, budgets, and schedules.

Skills

Real Estate Development

Financial Analysis

Project Management

Communication Skills

Microsoft Excel

Education

Bachelor's Degree in Business Administration

Major in Finance or Real Estate

Tools

Microsoft Office

Job description

About The Company

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data - including unparalleled market research, proven business processes, and proprietary models - to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to "Building What Matters." JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

About the Job.

JPI has an exciting opportunity for a Development Associate to join our Development team located in San Diego, CA. The role of the Development Associate is to assist in coordinating all aspects of development projects from due diligence through construction. The position reports to the Vice President, Development responsible for development in the Western Region.

Essential Functions & Responsibilities

Responsibilities include assisting in the management and coordination of development projects including:

• Maintaining the financial proformas, budgets, and schedules for development projects throughout predevelopment and construction

• Site due diligence investigation for sites under control and under contract

• Internal investment committee preparation

• Entitlement processing

• Assist the Development Managers and Development Directors with the duties of owner's representative through construction

• Maintain positive civic and governmental relations throughout the Western Region

• Monitor and assist in the preparation of necessary reporting regarding project projections, budget variances and loan draw requests

• Monitor and assist in the management of project economics and understand the financial proforma of each deal

• Assist Design team with the engagement and oversight of design consultants, design review and proposal coordination/review

• Work closely with Development Managers and Development Directors to ensure that business plan production goals are achieved.

Non-Essential Duties and Responsibilities:

• Thrive in a fast paced collaborative work environment and approach problem solving with a team mentality

• Other duties as assigned

Education, Work Experience, & Physical Requirements

• Bachelor's degree in Business Administration with a major in Finance, Accounting, or Real Estate is preferred.

• 4-6 experience with Real Estate development, multi-family development experience preferred.

• Demonstrated experience in underwriting potential development opportunities, working with municipalities/approval agencies, market analytics.

• Expert working knowledge of Microsoft Office applications including Excel, Word, and PowerPoint.

• Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers.

• Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.

• Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices.

Why work for us?

We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to:

• Transform Building

• Enhance Communitas

• Improve Lives

JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to:

• Transformative careers in a transformative company

• Comprehensive training and development

• Promotion from within at all levels of the organization

• Borderless Careers, based on performance, potential, and personal ambition

Industry Recognition

• NMHC - #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; # 11 Largest National Builder

• Real Page - Most active multifamily developer in DFW for the past 8 years

• Dallas Business Journal Best Places to Work - 2023

• Dallas Business Journal - Largest DFW Real Estate Developers - #11

JPI offers associates a comprehensive benefits package with competitive salaries and more, including:

• Competitive Bonus Program

• 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)

• 11 Holidays and 8 Early Release Days

• Medical, Dental, Vision, and Life Insurance

• 401(k) with Company Match (Up to 5% Match)

• Health Savings Account

• Flexible Spending Accounts (Dependent & Medical Reimbursement)

• Paid Parental Leave

• Paid Volunteer Time

• Tuition Assistance

• Phone Reimbursement

California General Base Pay Range

Note that the actual base pay offered will be contingent upon the candidate's overall experience, skills, internal existing associate equity, and overall budget of the Company at the time of offer. The range is specific to base pay only. Additional compensation and/or bonus eligibility details will be shared by the Recruiter.

$54,000.00 - $170,000.00