ResponsibilitiesRelated California is seeking a Senior Development Associate for its Southern California Affordable Housing Division, located in Los Angeles, CA. The Senior Development Associate will be responsible for supporting the team in all aspects of their projects including new business, entitlements, due diligence, design, contracting, financing applications, financial transactions, construction, and lease-up. This key support position will provide the candidate with the opportunity for professional growth and exposure to all aspects of the affordable housing development process.
We'll trust you to:
- Provide support to Project Managers and project teams on all aspects of the development process with a strong emphasis on providing operational assistance with preparing and managing funding applications, new business opportunities, contracting, community outreach, entitlement processing, plan check/permitting, the closing process, and lease-up and marketing.
- Coordinate with architects, engineers and other consultants. Manage deliverables to keep team and project on track. Verify and confirm all vendor invoices for each project and that all invoices are processed in a timely manner.
- Assist with the closing process for real estate transactions including acquisition, construction loan closing and conversion.
- Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project deliverables.
- Research and analyze benchmark economic activity in target markets by tracking rents, sales, operating costs, competitive supply and economic expansion activity.
- Maintain good communication with vendor contacts to ensure dates and scopes are clear. Investigate and resolve or refer disputes in accordance with contractual requirements.
- Handle matters relating to time sensitive material and meet multiple deadlines. Inform project team of project status and issues that may impact timelines.
- Maintain database and/or central depository of all existing contracts. Oversee and maintain project files of legal and confidential nature.
Qualifications- Bachelor's Degree, preferably Master's Degree in real estate, business, public policy, architecture or city planning
- Minimum 1-2 years of relevant experience in real estate or finance
- Strong quantitative, analytical and financial modeling skills
- Strong MS Excel and PowerPoint skills are a prerequisite
- Organized and keen attention to detail with an ability to manage multiple deadlines, tasks and assignments
- A thoughtful analyst with strong intellectual curiosity and motivation to advance as an affordable housing professional
- Suitability to a fast-paced environment and an entrepreneurial culture that places a premium on performance
- Must be a team player but also a self-starter that can perform with limited direction
- Excellent written and verbal communication skills
CompensationThe anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.
Anticipated base salary range: $75,000 - $110,000
Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.
To ApplyCandidates should submit a resume and cover letter Incomplete applications will not be considered. No phone calls, please.
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