Development Associate

Greystar Worldwide, LLC • $130K — $150K *
New York, NY 10025In-Person
Real Estate & Construction
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of financial analysis experience, specifically in real estate development
  • Strong skills in creating detailed financial models and pro-forma reports
  • Demonstrated ability to compile and analyze market data
  • Experience preparing investment memoranda and reports for stakeholders
  • Familiarity with due diligence processes in real estate transactions
  • Exceptional communication skills for interfacing with brokers and clients
  • Proficient in using financial analysis software and tools

Responsibilities

  • Conduct detailed financial analyses of real estate development projects
  • Prepare and present comprehensive investment memoranda and reports
  • Assist in crafting financial documentation for new business proposals
  • Participate in due diligence processes on development sites
  • Monitor and report on pipeline project progress, recommending timelines
  • Identify and communicate potential issues affecting project closings
  • Collaborate with development and construction teams to evaluate project feasibility

Benefits

  • Competitive medical, dental, vision, and disability insurance with low costs for employee-only coverage
  • Generous paid time off, starting with 15 vacation days, plus additional time accrued with tenure
  • Access to onsite housing discounts at Greystar-managed communities
  • Paid sabbatical every 5 years after 10 years of service
  • 401(k) plan with a company match up to 6% after six months
  • Paid parental leave and fertility benefit reimbursement up to $10,000
  • Employee assistance program and additional legal and insurance plans
Full Job Description
JOB DESCRIPTION SUMMARY
Performs financial analyses for development opportunities, preparing appropriate documents to facilitate the underwriting and closing of real estate transactions, may interface with brokers, equity partners, institutional clients, and the Company's development and construction leadership.

JOB DESCRIPTION

  • Conducts financial analysis of development opportunities, including creating detailed pro-forma and financial models for review.
  • Gathers, compiles and analyzes market data and prepares narrative investment memoranda, detailed reports, and market summaries that provide insights on proposed projects.
  • Assists in preparing financial, market, and other documents required for new business pitches and RFPs.
  • Participates in the due diligence on development sites under contract, and prepares documentation on key findings that may affect the return and financial performance of the proposed deal.
  • Monitors and reports on the status and progress of proposed development pipeline project, recommending critical timelines and deadlines for tasks and activities related to the proposed transaction, and identifies and communicates issues or problems that could adversely affect closing.


The salary range for this position is between $130,000 - $150,000.

Additional Compensation:

Many factors go into determining employee pay within the posted range including business requirements, prior experience, current skills and geographical location.
  • Corporate Positions: In addition to the base salary, this role may be eligible to participate in a quarterly or annual bonus program based on individual and company performance.
  • Onsite Property Positions: In addition to the base salary, this role may be eligible to participate in weekly, monthly, and/or quarterly bonus programs.


Robust Benefits Offered*:
  • Competitive Medical, Dental, Vision, and Disability & Life insurance benefits. Low (free basic) employee Medical costs for employee-only coverage; costs discounted after 3 and 5 years of service.
  • Generous Paid Time off. All new hires start with 15 days of vacation, 4 personal days, 10 sick days, and 11 paid holidays. Plus your birthday off after 1 year of service! Additional vacation accrued with tenure.
  • For onsite team members, onsite housing discount at Greystar-managed communities are available subject to discount and unit availability.
  • 6-Week Paid Sabbatical after 10 years of service (and every 5 years thereafter).
  • 401(k) with Company Match up to 6% of pay after 6 months of service.
  • Paid Parental Leave and lifetime Fertility Benefit reimbursement up to $10,000 (includes adoption or surrogacy).
  • Employee Assistance Program.
  • Critical Illness, Accident, Hospital Indemnity, Pet Insurance and Legal Plans.
  • Charitable giving program and benefits.


*Benefits offered for full-time employees. For Union and Prevailing Wage roles, compensation and benefits may vary from the listed information above due to Collective Bargaining Agreements and/or local governing authority.

About Greystar Worldwide, LLC

Greystar Worldwide, LLC Careers

Joining Greystar Worldwide, LLC presents an unparalleled opportunity to become part of a leading team of professionals dedicated to pioneering innovations in the global marketplace. Greystar Worldwide, LLC stands as a beacon of career growth and professional development, offering a plethora of job opportunities across various sectors.

Explore Career Opportunities

Greystar Worldwide, LLC invites talented individuals to explore its diverse range of job opportunities. From internships that provide a solid foundation for future leaders to full-time positions that challenge and expand professional skills, Greystar Worldwide, LLC is a hub for career advancement.

Innovation and Leadership

At Greystar Worldwide, LLC, innovation intersects with leadership, driving the company to new heights in industry standards and operational excellence. Employees are encouraged to lead projects that set benchmarks in technology and service, fostering a culture of continuous improvement and creative problem-solving.

Diversity and Inclusion

With a commitment to diversity and inclusion, Greystar Worldwide, LLC ensures that all team members receive diversity training, promoting an environment where everyone’s contributions are valued. This approach not only enhances team dynamics but also contributes to the company’s robust problem-solving capabilities.

Professional Growth and Development

Career growth at Greystar Worldwide, LLC is not just a possibility—it is a priority. The company supports its employees with unmatched training programs, leadership development courses, and opportunities for networking and professional growth. This commitment ensures that every team member can reach their full potential.

Benefits and Culture

Greystar Worldwide, LLC is renowned for its vibrant culture and comprehensive benefits package designed to support the well-being and financial security of every team member. Employment at Greystar Worldwide, LLC means access to health benefits, retirement plans, and wellness programs that together create a supportive and positive workplace.

Join the Greystar Worldwide, LLC Team

Greystar Worldwide, LLC is actively hiring and looking for individuals who are passionate, curious, and driven to excel. Candidates interested in applying are encouraged to submit their resume and prepare for an interview process that values insight, experience, and a readiness to contribute to a dynamic team.

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Greystar Worldwide, LLC is not just a company—it is a place where careers are made, skills are honed, and professional achievements are recognized and celebrated. Join Greystar Worldwide, LLC to be part of a team that is shaping the future through innovation, leadership, and a commitment to excellence.
Learn more about Greystar Worldwide, LLC
Industry
Real Estate & Construction
* Ladders Estimates

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