Real Estate Development Analyst: Underwriting & Feasibility

Atirealty

Ankeny (IA)

On-site

USD 55,000 - 85,000

Full time

14 days+

Application generator

Turn this role into an interview — a resume and cover letter built around what this employer wants.

Get past ATS filters

Job summary

ATI Group in Ankeny, Iowa is seeking a Development Analyst to support underwriting and investment decisions for real estate projects. You will analyze potential acquisitions and development opportunities, providing data-driven recommendations that inform key investment decisions.

You will also assist Development Managers in permitting, entitlement processes, and budgeting. This role emphasizes Excel-based financial modeling, collaboration with internal teams, and contribution to portfolio growth

Qualifications

Bachelor’s degree in Finance, Real Estate, Economics, or related field (Master’s degree a plus).
Strong proficiency in Excel-based financial modeling.
Excellent analytical, problem-solving, and communication skills.
Highly organized with attention to detail and ability to manage multiple projects simultaneously.

Responsibilities

Conduct thorough underwriting of potential real estate acquisitions and development projects, including financial modeling, market analysis, and risk assessment.
Prepare and present detailed investment memoranda, underwriting packages, and scenario analyses for internal review and executive decision-making.
Analyze development costs, projected revenues, capital stack structures, and returns (IRR, equity multiple, cash-on-cash, etc.).
Collaborate with internal teams (acquisitions, development, construction, finance, legal) to assess deal assumptions and align on underwriting inputs.
Research market fundamentals, including supply/demand trends, comparable transactions, zoning, and entitlements.
Monitor ongoing performance of existing assets against pro forma assumptions, providing updates and recommendations as needed.
Maintain and enhance underwriting templates, models, and investment tools to improve accuracy and efficiency.
Assist Development Managers in permitting, entitlement processes, and budgeting.
Coordinate pay applications, draw requests, and maintain job cost reports/budgets.