Real Estate Development Associate: Strategy, Finance & Permits

MFM Search LLC; Miami (FL); Sur place; USD 85 000 - 130 000; Plein temps

Résumé du poste

My client is a renowned real estate investment and development firm, based in Miami, FL, seeking a Development Analyst/Associate to support analytics and manage development projects across multifamily, condo, hospitality and mixed-use sectors.

The role reports to a VP Development or Development Manager and involves oversight of design, permitting, financing, and market analyses, with heavy emphasis on financial modeling and due diligence.

Qualifications

• Recent MBA, MRED, Bachelor’s degree in business/finance or equivalent professional experience.
• 2 to 5+ years of experience (ideally in real estate investment banking or private equity).
• Previous career experience as an architect, engineer or construction manager is a plus.
• Excellent skills utilizing Excel, Word, and PowerPoint or other presentation software.
• Fundamental understanding of real estate operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required.
• Ability to track and analyze information to formulate appropriate recommendations.
• Excellent analytical skills and strong written and verbal communication skills, including the ability to draft internal memos.
• Highest level of business integrity and professionalism.
• Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred.
• Proven ability to build financial models in Excel a plus.
• Proven experience with modeling waterfalls a plus.

Responsabilités

• Assist the Development Manager to manage all aspects of the development of the project including design and engineering (including direct oversight of all consultants), construction, permitting, financing, marketing, leasing and sales
• Review local land use regulations to confirm allowable land uses, densities, FAR, height, set-backs and other restrictions affecting development of the site and identify all applicable permit costs, development and impact fees and other costs
• Prepare regular project reporting packages for the senior leadership team, investors and lenders, and present results on a monthly and quarterly basis
• Maintain the Project Tracker to track all near term and long term project undertakings across all disciplines and requirements of entitlements, ground leases, financing documents, insurance policies, sales contracts and leases
• Work with acquisitions during due diligence by managing the checklist and logs for title, technical, environmental, geotechnical, market, legal and land use due diligence, reviews and inspections
• Perform benchmarking research for the project to establish its position relative to competition
• Conduct market research and feasibility analysis to determine viability and potential for target acquisition properties
• Formulate and finalize the development brief for the project, and for each stage, in line with the project business plan
• Develop detailed development budgets, cash flow projections, financing structures and other financial analysis
• Prepare investment deal memorandums, equity/debt offering memorandums, investor/board presentations and all financial forecasting and reporting
• Draft and negotiate development-related agreements (purchase/sale, JV, development, management, consultant, construction, loan, bonds)
• Develop and manage financial models, variance analysis and data analytics to measure progress
• Procure architects, engineers and consultants, issue RFPs and perform bid analysis
• Develop, update and evaluate operating expenses, cash flow and income projections
• Provide data analytics for leasing and marketing teams for multifamily and condominium projects
• Maintain project management logs (permits, RFIs, submittals, change orders, drawings)
• Track internal and external approvals from lenders, investors, partners and government agencies
• Review project invoices and payment applications and coordinate with accounting
• Organize and maintain project files to company standards

Connaissances

Excel

Financial modeling

Market research

Data analytics

Communication

Formation

MBA

MRED

Bachelor's in business/finance

Outils

ARGUS

Description du poste

My client is a renowned real estate investment and development firm, based in Miami, FL, seeking a Development Analyst/Associate to support analytics and manage development projects across multifamily, condo, hospitality and mixed-use sectors.

The role reports to a VP Development or Development Manager and involves oversight of design, permitting, financing, and market analyses, with heavy emphasis on financial modeling and due diligence.