Listing Details


 

Interested and qualified candidates, please submit your resume to:

Lauren Hodgetts, Senior Director – lauren@kelleraugusta.com – 917-270-4139

And/or Kate Mecke, Director – kmecke@kelleraugusta.com – 617-721-0535

Associate, Development

Atlanta, GA

JOB DESCRIPTION

Company Overview:

Our client is a leading U.S. real estate developer, owner and operator, dedicated to excellence in the built environment. They develop and own across asset classes including multifamily, office and industrial. The company has been known for nearly a century for projects that anticipate demand, transform skylines, and improve lives, while creating economic and civic value. They currently have 26 active development projects valued at $4 billion in 9+ states. Their properties and developments promote growth and renewal in cities, neighborhoods and communities, delivering exceptional experiences and performance at home and at work.

 

Position Overview:

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised periodically to meet the changing needs of the Company at the sole discretion of management. Position responsibilities are subject to change, consistent with business needs. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions unless this causes undue hardship to the Company.

 

General Summary:

Supports development management in formulating asset strategies and evaluating projects from both financial and non-financial perspectives.   

 

Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria and other relevant information to effectively evaluate the clients development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; and assisting in developing proposed annual and long range operating and capital expenditure budgets and plans for the client and the clients projects. Assists with certain elements of the internal management of projects. Mentors Analysts as needed.

 

Required Responsibilities:

Formulates and implements financial analyses of development projects and of proposed asset sales
Prepares, updates and maintains financial models related to real estate transactions
Conducts ROI analysis, including cashflows, IRR’s, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties
Conducts research to gather and evaluate economic, demographic and real estate market data. Assembles and summarizes data and prepares reports of findings in support of development strategy and real estate initiatives, strategic studies and lease transactions
Assists with certain elements of the internal management of projects
Coordinates with departments including Development Accounting, Business Analysis, Treasury, Legal and Tax to collect market, economic and financial data, prepare budgets, project financials, and determine financing options
Participates in formulating and negotiating agreements with partner/investors and other appropriate individuals
Reads proposals and analyzes major lease transactions
Develops, updates and evaluates operating expense, cash flow and income projections against established budgets and operating proformas
Assists the Development Accounting team in monitoring development cost performance
Mentors Analysts as needed
Assists in review of leases, purchase and sale agreements, legal documents and other materials as part of the due diligence process
Assembles and summarizes data and provides recommendations to management
Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for the client and the clients projects
Works with real estate and construction colleagues regionally and nationally to develop and evaluate strategic opportunities for the clients development portfolio
Develops, drafts and prepares reports and presentations to support the clients corporate asset strategy and real estate initiatives, strategic studies and lease transactions
Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
Recognizes and informs management of business issues and opportunities which may affect project facilitation
Produces and delivers oral and written presentations accurately and effectively
Updates job knowledge through reading publications, participating in professional organizations and attending formal training as appropriate
Performs other duties as assigned
 

Discretion and Independent Judgment:

Analyzes and recommends required rent to meet targeted returns
Analyzes and recommends land/project acquisition pricing
Determines overall profitability required for project (both pre and after-tax)
Determines required savings for project to meet required returns
Calculates and forecasts project hard and soft costs
 

Education Requirements:

Bachelor’s Degree required, with preferred field of education in business, real estate or finance

Master’s Degree or MBA preferred, in business, real estate or finance

 

Experience / Knowledge / Skills Requirements:

Approximately 5 years of experience in real estate development, finance, loan financing or related field
Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience
Proven ability to build financial models in Excel
Proven experience with modeling waterfalls
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 skills utilizing Excel, Word,  relational databases and PowerPoint or other presentation software
Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
Excellent analytical skills and strong written and verbal communication skills, including the ability to draft investment committee memos
Independent and team project management skills required