Galaxy builds high quality projects that preserve the past, celebrate the present, and embrace the future.

Industry: Real Estate
Company Size: 2-10 employees

Galaxy Holding

Savvy Admin PROD

**POSITION: **

**Development Associate/Analyst **

**POSITION SUMMARY: **

**The Development Associate/Analyst is responsible for assisting with all aspects of development design/entitlement, proforma and financial modeling, analysis, schedule and budget, and reporting related to Galaxy’s development and construction projects in addition to conducting underwriting of new acquisition opportunities. **

**ESSENTIAL FUNCTIONS: **

- Manage all aspects of development, including design, entitlements/government approvals, project budgets, and financial feasibility.

- Collaborate with the design team and various consultants, engineers, expediters, surveyors, and inspectors.

- Interview, select, contract, and manage third party consultants, including but not limited to architects, engineers, and general contractors.

- Actively participate in all phases of the development life cycle, including site acquisition, entitlement, design, financing, budgeting, scheduling, and preparation of weekly OAC meeting reports.

- Development and management of proforma models to support the company’s development projects and underwriting for new acquisitions.

- Strong working knowledge of mixed-use and multi-family apartment business models, proforma structures and current industry metrics; Hotel and Condominium modeling experience is also helpful.

- Preparation of regular development project budgets, ongoing budget tracking, and processing pre-construction payment applications.

- Conduct feasibility studies to determine the highest and best use for potential development sites, including zoning analysis, entitlement risk assessment, market research, proforma creation, and project cost budgets.

- Perform detailed financial analysis and underwriting for potential investments, including proforma cash flow projections, and modeling complex capital structures and distribution waterfalls.

- Prepare investment memoranda and presentation materials to facilitate capital formation efforts and negotiate joint venture partnerships with prospective landowners.

- Execute the Company’s capital formation activities by developing key lender and joint venture relationships.

**MINIMUM REQUIRED QUALIFICATIONS: **

- Ideal candidates will possess 3-5 years of professional experience in managing real estate development and financial proforma modeling.

- Advance proficiency in MS Excel.

- Strong understanding of financial performance metrics and real estate valuation techniques.

- Experience creating, maintaining, and reporting of proforma models, budgets, finance, cost, and schedule reports.

- Excellent communications skills (written + verbal).

- Demonstrated financial competency at a detailed level of operation.

- Ability to collaborate across many levels.

- High level of attention to detail and accuracy and ability to make effective decisions and solve problems.

- Strong critical thinking, analytical skills, and sound judgment is essential.

- High awareness and knowledge of the current state of the capital markets.

- Ability to work on multiple tasks concurrently and under tight timeframes.

Development Associate / Analyst

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