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Development Associate

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
Location
New York
 NY
Postal Code
10020
Country
United States

This job is no longer active.

Description


General Summary:

 

This position supports management and financial analysts in formulating asset strategies and evaluating projects from both financial and non-financial perspectives.   

 

Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria and other relevant information to effectively evaluate Rockefeller  Group Development Corporation (“RGDC”) development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; assisting in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects; and assisting Financial Analysts as needed.

 

Summary of Key Duties and Responsibilities:

  • Formulates and implements systems for financial analyses of development projects and of proposed asset sales
  • Prepares, updates, and maintains financial models related to real estate transactions
  • Conducts ROI analysis for potential acquisitions of new properties or expansion of current properties
  • Coordinates with RGI and RGDC corporate departments to collect data, prepare budgets, project financials, and determine financing options.  Departments include Development Accounting, Business Analysis, Treasury, Legal and Tax
  • Participates in formulating and negotiating agreements with partner/investors and other appropriate individuals
  • Reads proposals and analyzes major lease transactions
  • Develops, updates, and evaluates operating expense, cash flow, and income projections against established budgets and operating proformas
  • Assists Divisional Controller, Development Accounting in monitoring development cost performance
  • Mentors Financial Analysts as needed
  • Gathers and evaluates economic, demographic, and real estate market data
  • Assists in review of leases, legal documents, and other materials as part of the due diligence process
  • Assembles and summarizes data and provides recommendations to management
  • Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
  • Works with real estate and construction colleagues nationally and globally to develop and evaluate strategic opportunities for the Rockefeller Group's development portfolio
  • Develops, drafts, and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies, and lease transactions
  • Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
  • Recognizes and informs management of business issues and opportunities which may affect project facilitation
  • Produces and delivers oral and written presentations accurately and effectively.
  • Updates job knowledge through reading publications, participating in professional organizations, and attending formal training as appropriate
  • Performs other duties as assigned

Education Requirements:

Bachelor’s degree, with preferred field of education in Business; Graduate degree in Finance preferred

 

Experience / Knowledge / Skills Requirements:

  • Minimum of 5-7 years of work experience within related work areas
  • Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience preferred
  • Proven ability to build Excel models from scratch
  • Proven experience with modeling waterfalls
  • Fundamental understanding of real estate operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required
  • Ability to track and analyze information to formulate appropriate recommendations
  • Excellent skills utilizing Excel, Word,  relational databases and PowerPoint or other presentation software
  • Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
  • Excellent analytical skills and strong written and verbal communication skills
  • Independent and team project management skills required
 
 

Experience


5+ to 7 years


This job is no longer active.

Development Retail New York Full Time NY Financial Analysis, Underwriting, Due Diligence Development & Acquisitions Associate other