Development Analyst

Fairstead

$85K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in related field; Master's in Real Estate Development preferred
  • Relevant coursework in development, finance, accounting, or urban planning
  • Demonstrated interest in real estate development
  • Exceptional research and writing abilities
  • Strong project management and analytical skills
  • Highly driven with an entrepreneurial mindset
  • Intermediate to advanced Excel skills preferred

Responsibilities

  • Review development financial information and maintain various budgets
  • Analyze financial reports and General Ledgers for properties
  • Collect vendor information to set up Accounts Payable systems
  • Coordinate meetings for assigned deals internally and externally
  • Manage document organization for assigned deals in shared system
  • Compile and submit meeting minutes for all attended calls
  • Track invoicing across multiple developments and report trends
  • Compile monthly construction draws for senior development staff review
  • Assist in all aspects of affordable housing development and acquisition
  • Compile due diligence information including financial and regulatory data
  • Coordinate community meetings and assist with governmental approvals
  • Complete applications for financing and government subsidy renewals
  • Prepare client communications for senior level review

Benefits

  • Opportunity to contribute to affordable housing initiatives
  • Work with experienced professionals in the real estate development field
  • Develop analytical and project management skills
  • Gain exposure to all aspects of property development and financing
  • Potential for career advancement in a growing sector
Full Job Description
The Analyst, Development contributes to all aspects of the company's Affordable Housing Development platform that focuses on housing located throughout the US - inclusive of both acquisition and new construction.

Responsibilities:
  • Review weekly development financial information and revised various trackers which include but not limited, development budget, predevelopment budget, and cash forecast
  • Analyze General Ledgers, Accounts Payable, rent rolls, T-12s, and other property level reports
  • Collect vendor information necessary for setting up AP systems
  • Coordinate meetings for assigned deals both internally and externally for assigned deals
  • Manage shared file management system for assigned deals, daily uploading documents and utilizing proper naming conventions
  • Compile and submit meeting minutes for all attended calls as directed by deal leads
  • Track Invoicing and Accounts Payable across multiple developments and report trends to senior staff
  • Compile monthly construction draws for review and approval by senior development staff
  • Travel to subject properties at the direction of senior staff
  • Assist the group in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US.
  • Compilation of due diligence information including financial, market, site, and regulatory data
  • Coordinate and assist community meetings and governmental approval processes
  • Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
  • Support detailed analyses of project schedule delays, cost overruns, productivity, contracts, change orders and other issues related to design and construction
  • Coordinate with appropriate personnel including team analysts, clerical support, and others
  • Prepare client communications for senior level review
  • Work directly with Senior Associate/Associate on project


Requirements:
  • Bachelor's Degree in related field, Masters in Real Estate Development or similar degree preferred
  • Demonstrated achievement in relevant coursework such as development, finance, accounting, legal, urban planning.
  • Ability to demonstrate interest in real estate development
  • Strong desire to learn new skills
  • Exceptional research and writing abilities.
  • Strong project management skills
  • Must be a detail-oriented person with outstanding analytical skills.
  • Strong analytical skills and ability to multi-task in a constantly changing environment
  • Highly driven and values entrepreneurialism; works well with limited direction.
  • Strong computer skills, Intermediate to advance Excel Skills strongly preferred.
  • Desire to contribute to the creation and preservation of affordable housing


Exact compensation may vary based on skills, experience, and location.

Salary Range

$85,000-$85,000 USD

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