Progress Residential

Construction Analyst

Progress Residential$72K — $93K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Construction Management, Civil Engineering, Real Estate, Finance, or related field (or equivalent experience)
  • 3-5 years of experience in construction or related field, with emphasis on desk-based analysis
  • Strong analytical and decision-making skills focusing on financial and project feasibility
  • Proficient in interpreting construction documents, budgets, and legal permits
  • Excellent verbal and written communication skills, capable of producing detailed reports
  • Ability to manage multiple projects efficiently in a fast-paced environment
  • Detail-oriented with a commitment to high-quality work and compliance

Responsibilities

  • Conduct thorough desk-based analyses of construction budgets and project feasibility
  • Evaluate plans, specifications, and permits to ensure alignment with financial objectives
  • Prepare detailed reports and communicate findings to underwriting and valuations teams
  • Identify and communicate critical findings or risks from analyses
  • Collaborate with valuations team to assess property values and project viability
  • Work with underwriting and processing teams to ensure smooth approval and funding of loans
  • Ensure compliance with local building codes and environmental standards

Benefits

  • Comprehensive health insurance options including Medical, Dental, and Vision
  • Generous sick leave & vacation benefits
  • Highly competitive performance bonus
  • 401(k) retirement program with employer match
  • Tuition reimbursement for professional development
  • Workplace Celebrations and Team Building activities
  • Onsite gym at Thousand Oaks location
  • 12 Paid Holidays
Full Job Description

Position Summary

The Construction Analyst is integral to our Underwriting Department, focusing on analyzing construction budgets, plans, and project feasibility to support the viability and compliance of construction projects. This rolepredominantly involvesdesk-based analysis. The Construction Analyst collaborates with the valuation, underwriting, and processing teams tofacilitatethe approval and funding of construction loans. The successful candidate willpossessstrong analytical skills, a solid understanding of construction management and financial principles, and the ability to communicate effectively with various stakeholders. Reporting directly to the Construction Manager, this position plays a crucial role in ensuring the success and integrity of our construction financing operations.

Essential Duties & Responsibilities:

Cost and Feasibility Analysis:

  • Conduct thorough desk-based analyses of construction budgets, project feasibility, and borrower execution capabilities for various construction projects, including standard renovations, extensive renovations, and luxury ground-up construction.

  • Evaluate plans, specifications, and permits to ensure all proposed projects align with financial and operationalobjectives.

Reporting and Communication:

  • Prepare detailed reports based on analyses and inspections, providing insights and recommendations to the underwriting team, valuations team, and processing team.

  • Ensuretimelycommunication of any critical findings or potential risksidentifiedduring the desk-based review or field inspections.

Collaboration and Project Oversight:

  • Collaborate closely with the valuations team to assess property values and project viability accurately.

  • Work alongside the underwriting team and processing team to ensure smooth approval and funding of construction loans.

Regulatory Compliance and Best Practices:

  • Ensure all construction projects comply with local building codes, zoning regulations, and environmental standards.

  • Stay updated on industry best practices and regulatory changes tomaintainhigh standardsof construction underwriting.

  • All other duties as assigned.

Key Performance Indicators

  • Accuracy of Budget Analysis

  • Report SLAs

  • Risk Mitigation Effectiveness

  • Project Approval Rate

Requirements:

  • Bachelors degree in Construction Management, Civil Engineering, Real Estate, Finance, ora relatedfield.Experience in the field in lieu of a degree suitable.

  • 3-5 years of experience in construction, or a related field, witha significant portionof this experience in desk-based analysis.

  • Strong analytical and decision-making skills, with a focus on financial and project feasibility analysis.

  • Proficient in interpreting construction documents, budgets, and legal permits.

  • Excellent verbal and written communication skills, capable of producing detailed reports and presenting findings clearly.

  • Ability to work efficiently on multiple projects in a fast-paced environment.

  • Detail-oriented with a commitment to high-quality work and compliance.

Work Environment:

This is a hybrid position which requires in-office reporting to Anchors Thousand Oaks office on Tuesday, Wednesday, and Thursday. Remote work isoptionalMonday and Friday.

Fully remote positions are also available.

Compensation:

The base pay range for this position is$35-$45 an hour, plusannualdiscretionary bonus based on performance of the individual and company.

What We Offer:

The values of our employees reflect those of the company as a whole. If you embrace teamwork, innovation, and accountability youll feel right at home. Our mission is to create opportunities for success by improving homes and communities. We set up our team members for success by offering a competitive benefits package that includes:

  • Comprehensive health insurance options including Medical, Dental, Vision, Basic Life/AD2D insurance

  • Generous sick leave & vacation benefits for rest, relaxation, and personal pursuits

  • Highly competitive performance bonus

  • 401(k) retirement program with employer match

  • Tuition reimbursement toward professional development

  • Workplace Celebrations, Team Building, Charity Drives, and Food Truck luncheons

  • Onsite gym (Thousand Oaks only)

  • 12 Paid Holidays

About Progress Residential

Progress Residential is a real estate investment trust that owns and manages single-family rental homes. The company was founded in 2012 and is headquartered in Phoenix, Arizona. Progress Residential's portfolio includes over 40,000 homes in 20 markets across the United States. The company's mission is to provide high-quality rental homes and exceptional customer service to its tenants. Progress Residential offers a variety of amenities and services, including online rent payments, maintenance requests, and 24/7 customer support.
Learn more about Progress Residential
Size
1,000 employees
Industry

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