Development Associate

Terra Group; West Palm Beach (FL); On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Career advancement and bonus opportunities

Comprehensive benefits package

Employer-paid life and disability insurance

Employer matching 401k

Employee team building events

Company paid monthly lunches

Paid Time Off and paid Holidays

Job summary

Terra Group is seeking a Development Associate in West Palm Beach, FL. This full-time position involves supporting the Development Manager in executing the company’s development project pipeline from inception to completion.

The ideal candidate should have a Bachelor's degree in Architecture, Urban Planning, Economics or Real Estate and advanced skills in Blue Beam and Microsoft Projects. The role includes managing multiple development projects, coordinating consultants, and budgeting.

Qualifications

• Bachelor's degree in Architecture, Urban Planning, Economics or Real Estate.
• Advanced knowledge of Blue Beam and Microsoft Projects.

Responsibilities

• Support the Development Manager with executing the company’s development project pipeline.
• Manage phases of multiple development projects under the guidance of the Development Manager.
• Coordinate consultants and internal team members for document development.
• Assist in collecting financial models for underwriting project costs.
• Define project requirements with internal stakeholders.
• Assist in preparation of budgets and execution strategy.
• Identify project risks and develop mitigation plans.
• Coordinate due diligence efforts and create checklists.
• Manage project proformas including budgets and market assumptions.

Skills

Architecture

Urban Planning

Economics

Real Estate

Blue Beam

Microsoft Projects

Education

Bachelor's degree in Architecture, Urban Planning, Economics or Real Estate

Tools

Blue Beam

Microsoft Projects

Job description

Position: Development Associate Location: West Palm Beach, FL (In Office and/or Project Site) Work Type: Full Time

Qualifications

• Bachelor's degree in Architecture, Urban Planning, Economics or Real Estate
• Advanced knowledge of Blue Beam and Microsoft Projects

Terra Employee Perks

As a team member at Terra, you’llenjoy:

• Career advancement and bonus opportunities
• Comprehensive benefits package, including health, vision, dental insurance, and FSA (Flexible Spending Account).
• Employer-paid life and disability insurance.
• Employer matching 401k.
• Employee team building events.
• Company paid monthly lunches.
• Paid Time Off and paid Holidays

General Responsibilities

• Support the Development Manager with executing the company’s development project pipeline from inception to completion.
• Responsible for, under the guidance of the Development Manager, managing phases of multiple development projects which includes, but is not limited to:
• Coordinate consultants and internal team members to develop and collect applicable documents in conjunction with obtaining entitlements and required building permits.
• Assist in collecting and assembling information required for underwriting proposed deals involving existing assets and potential acquisitions. Work with acquisition team to create financial models to underwrite project costs, revenues, and returns.
• Interface with internal stakeholders to define project requirements and constraints and obtain input on design and budgets.
• Assist in the preparation of budgets, schedules, and execution strategy for projects including entitlements, design development, and building permit approvals.
• Identify project risks, develop risk mitigation and contingency plans, and implement action plans to reduce or eliminate project risks.
• Manage due diligence efforts, create due diligence checklists, organize due diligence files, and ensure all due diligence is performed within allotted timeframe and per contractual requirements; Collaborate with finance team on due diligence efforts
• Coordinate market research and comparable studies with finance, leasing, sales and marketing teams
• Assist in the selection and management of the design team and preparation of drawings for initial budgeting and scope definition, development of site and building design detailed drawings, etc.
• Track progress of each project against goals, objectives, approved budgets, approved timelines. Report status and variances in coordination with accounting. Create action plans and adjust as required to meet objectives, budget and schedule.
• Develop project schedules and track against milestone dates and original dates
• Create and maintain development schedule for deliverables required by construction and design team.
• Internal team coordination - Operations, Marketing, Construction, Asset Management, IT, Accounting
• Manage project proformas - budgets, schedule, timing, market assumptions, underwriting assumptions
• Responsible for project cost management to ensure all stay within budget
• Create pre-development budgets and project cash flows in collaboration with the finance team and construction team
• Update monthly development reports for distribution
• Run and oversee minutes for all consultant project meetings, including but not limited to architect/owner/contractor meetings prior to construction start; ensure clear action items are defined and followed up on after each meeting
• Coordinate branding and marketing efforts
• Responsible for securing permits and permit coordination
• Works closely with legal counsel to negotiate and execute consultant agreements
• Manage all consultant contracts for compliance with schedule of values and terms (with the exception of marketing which will be managed by the marketing department)
• Attends work as scheduled to support the ongoing success of the company
• Other duties, responsibilities and special projects as assigned