Senior Associate, Development & Finance

COMPANY OVERVIEW
Our client is a global, design-focused real estate investment and management firm with a 38-year track record and mission to create places that inspire. The firm has assets under management of $13.1 billion and a portfolio spanning key markets throughout the U.S., Latin America, and Europe.

The firm is looking to add an Associate or Senior Associate to work as a member of the Development team that supports and partners with its client (one of the world’s largest tech companies) to create and develop best-in-class destinations and communities. This Associate / Sr. Associate will serve in a project management role as well as help direct and assist in all financial and economic aspects, including financial modeling, for the development of multiple mixed-use projects (office, residential, retail, and public/community space) in the South Bay / Silicon Valley. The role will require the Associate/Sr. Associate to develop an intimate knowledge of all aspects of the development projects and work across multiple teams with a holistic view of development economics to help guide meaningful development decisions.

• Manage design and construction of capital improvements and oversee tenant improvements as needed

• Coordinate internal team members to include design and creative professionals. Coordinate with additional internal and external team members to include asset manager, property manager, leasing representatives, etc.

• Coordinate budgeting and pricing, reviewing and approving construction draw submittals and invoices

• Coordinate project entitlements and permitting as needed for project work

• Select, contract and manage external team of professionals to include architect, general contractor, engineers and related consultants

• Develop and monitor project schedules

• Coordinate budgeting and pricing, reviewing and approving construction draw submittals and invoices

• Represent owner in regular construction meetings, track issues and coordinate project documentation

• Coordinate project entitlements and permitting as needed for project work

• Lead contractor selection/bid process

• Monitor critical path project schedules

• Oversee onsite construction progress and assist with trouble shooting as needed

• Work closely with retail, residential, and design teams to ensure all relevant financial factors are incorporated into development decisions and strategy

• Work with partner finance teams to incorporate financial information into master plan forecasts for review and approval by development leadership, reviewing and revising on an ongoing basis.

• Assist in the preparation of pitch decks, memoranda, financial analysis, and other key deliverables to development leadership.

• Ongoing review and updates of proformas, adjusting for new constraints or information, managing and compiling source materials, addressing comments/questions, and assist in guiding the direction of scenario analysis

• Project and evaluate various strategies and alternate scenarios for the development projects by directing and building financial models in Excel and Argus

• Develop and manage operating models for retail assets and perform detailed cash projections for development assets.

• Conduct ongoing market research including market reports, comps, and local periodicals, providing highlights and updates for development leadership as applicable.

• Prepare regular reports and updates on overall project status and activities for presentation to team leadership

QUALIFICATIONS
Education and Experience:

• 4-7 years of experience in institutional real estate management and/or development

• Knowledge of financial analysis, real estate proformas, joint venture structuring, and advanced Excel modeling. Argus experience strongly preferred.

• Some commercial real estate project management and construction experience

Knowledge of:

• Financial analysis

• Real Estate

• Advanced Excel modeling

• Argus

Skills:

• Organizational and interpersonal skills

• Negotiation, contract administration, project management, communications, and budgeting.

• The ability to meet deadlines, accomplish work in order of priority; professionally maintain composure & effectiveness under pressure and changing conditions

• Self-motivation, leadership, teamwork, and collaboration.

• Detail oriented, logical, and methodical approach to problem solving

• Exceptional written and verbal communication

Working Conditions

• Responsibilities may require an adjusted work schedule, travel, overtime, and evening/weekend hours to meet deadlines or attend special events