Job Summary
An Affordable Housing Group with over 1,500 units in active development and a robust pipeline, are looking for a Development Associate to support the VP of Development - ensuring efficient execution of financial closings, coordinated efforts with third party stakeholders and smooth transitions through the development cycle from inception to conversion. You will likely come from a Project or Design background, looking for an opportunity to step into a 'ground up' development role. The most important qualities are a willingness to learn, be inquisitive, and complete high-quality work in a timely fashion.RESPONSIBILITIES
- Coordinate physical due diligence activities, including contract review, budget preparation, and collaboration with consultants.
- Conduct thorough research to support various development functions, such as acquisitions, due diligence, market analysis, and entitlements.
- Collaborate on the creation and maintenance of financial models and budgets.
- Supervise the tracking of timelines and schedules.
- Organize documentation for RFQ/RFP responses.
- Assist in the preparation of RFQ/RFP responses and the coordination of community arrangements.
- Support land acquisition efforts by drafting LOIs and purchase contracts with legal guidance and gathering due diligence materials.
- Contribute to financial closings in conjunction with lenders, legal advisors, and other project stakeholders.
QUALIFICATIONS
- A Bachelor's or Master's degree in Finance, Real Estate, or a related field is a fundamental requirement.
- Proficiency in computer software, particularly Microsoft Word, Excel, and Outlook, is a must, with a focus on advanced Excel functions being highly emphasized.
- Exceptional quantitative skills are deemed indispensable.
- A minimum of 2-4 years of practical experience in Real Estate Finance is obligatory.
- Familiarity with affordable and workforce housing projects is considered a valuable asset.
- The candidate should demonstrate a proven ability to operate autonomously, showcasing reliability and adept organizational skills.
- They should consistently maintain a professional demeanor, exuding energy and a positive outlook.
- The role demands outstanding customer service skills as a prerequisite.
- Excellent written and verbal communication skills are deemed essential for effective performance in the position.
