Development Associate

LT Executive Search Inc; San Francisco (CA); On-site; USD 70,000 - 100,000; Full time

Job summary

LT Executive Search Inc. is seeking a Development Associate for a premier real estate firm in downtown San Francisco.

The role focuses on underwriting development deals, market research, financial modeling, budgeting, and entitlements, with exposure to all facets of project development. The candidate will support the development team across market rate projects, manage budgets and forecasts, and assist in obtaining necessary governmental approvals.

Qualifications

• Bachelor’s degree required; MBA or master’s in real estate development preferred.
• Experience supporting development teams and underwriting new projects is a plus.

Responsibilities

• Conduct market research, site assessments, zoning assessments, and other due diligence related to site acquisition and development feasibility.
• Create and manage detailed financial models and budgets for all components of the project including roll-up models.
• Author, maintain and manage project budgets, schedules, and project trackers.
• Author financial forecasts, project reports, and investment memoranda.
• Assist with entitlements and governmental approvals (Specific Plan, EIR, Development Agreement, Tract Map, etc.).
• Coordinate third-party consultant contracts, budgets, schedules, scopes of work, and deliverables.
• Attend and participate in project meetings and presentations; assist in workshops and coordination meetings.
• Limited travel within the Bay Area may be required for project tasks.

Skills

Market research

Financial modeling

Budgeting

Due diligence

Entitlements

Stakeholder meetings

Education

Bachelor’s degree

MBA or Real Estate MBA

Job description

Development Associate opportunity with one of the most prominent, privately-held real estate firms in the United States! This is an in-person position, five days a week, in downtown San Francisco.

Position Overview & Responsibilities

The Development Associate will be responsible for supporting the development team in all aspects of market rate projects, including but not limited to: market research, financial analysis and modeling, deal memo and presentation preparation, due diligence, entitlements, design, equity and debt sourcing, legal oversight, budgeting, construction, operations, and asset management. This is a key support position that will provide the candidate significant professional growth and exposure to all aspects of development. A large allocation of the Development Associate’s time will be spent underwriting new development deals across the Bay Area. The remaining time will be spent on pipeline projects.

Responsibilities include, but are not limited to:

• Conduct market research, site assessments, zoning assessments, and other due diligence related to site acquisition and development feasibility;
• Create and manage detailed financial models and budgets for all components of the project including roll-up models;
• Author, maintain and manage project budgets, schedule, and project trackers;
• Author financial forecasts, project reports, and investment memoranda;
• Work with the team to advance project entitlements and governmental approvals, which may include a Specific Plan, Environmental Impact Report, Development Agreement, and Tract Map, among other project‑specific approvals;
• Manage third-party consultant contracts, budgets, schedules, scopes of work and deliverables;
• Attend and participate in project meetings and presentations, including planning meetings, internal and external presentations, project coordination meetings, stakeholder meetings, and various workshops;
• Limited travel within the Bay Area may be required on an as-needed basis for project tasks and activities.

Qualifications

Bachelor’s degree and preferably an MBA or master’s degree in real estate development.