Development Associate / Analyst
2 - 5 years
Beverly Hills, CA
Full-time
Onsite
1 month ago
About the role
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:
MINIMUM REQUIRED QUALIFICATIONS:
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.
Skills
OtherReal Estate