Development Associate

DEVELOPMENT ASSOCIATE - Real Estate

The Position

This is an exceptional & unique opportunity for a Development Associate to join our client in D.C – this is a remote working position, but the candidate must be based within D.C, Maryland or Virginia. The successful candidate will be qualified within Finance or Real Estate and will have some experience within the development & finance cycle of Real Estate projects, preferably within Affordable Housing & LIHTC.

The Company

Our client are a small but very well established and respected real estate development firm, based in the heart of Washington D.C.

They have won multiple awards for their exceptional projects delivered and their leadership within the industry. They have a strong focus on the revitalization of emerging urban neighborhoods, including residential & commercial properties. They have aggressive growth plans moving forward and this is an exciting time to join them.

Responsibilities

• Develop and maintain acquisition and development pro forma and budgets for multiple projects

• Understand and optimize all of the key variables of the project pro forma model for internal as well as capital markets use

• Work in multiple financial models and provide input & recommendations to ownership to maximize return on investment

• Assist with management of multiple projects at different phases of development simultaneously to ensure timely completion

• Represent the client in a variety of forums including Advisory Neighborhood Commissions, industry events and DC/MD/VA organizations such as the Housing Authority and DC Council

• Budget management, forecasting, fiscal documentation and management

• Planning, scheduling and tracking of project timelines and progress

• Assist with vendor selection, vendor management, invoice approvals, loan draws and contract management

• Other duties as needed

Requirements

· Bachelor's degree (B.S. in Real Estate Finance, Finance, Investment Banking, Real Estate Development and/or Urban Planning)

· At least 1 year of experience in finance, real estate finance or development with knowledge and experience of developing Pro formas and financial modeling

· Expert level user of MS Excel (e.g. vlookup, sumifs, keyboard shortcuts)

· Experience with Microsoft Project and scheduling

· Passion for housing and development

· Ability to read and interpret architectural and engineering construction documents

· Ability to operate in a deadline driven environment

The successful candidate will be highly organized, detail oriented, self-motivated, and capable of effectively responding to changing workloads and priorities. Preferred candidates have experience with and a passion for affordable housing.