Associate (Real Estate Development)

Rockefeller Group Development Corporation•Atlanta, GA

16h

About The Position

Our people make all the difference in our success. We value innovation, teamwork and collaboration, and welcome passionate, results-oriented professionals to apply for our open positions. General Summary: Supports development management 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; and assisting in developing proposed annual and long range operating and capital expenditure budgets and plans for RGDC and RGDC projects. Assists with certain elements of the internal management of projects. Mentors Analysts as needed.

Requirements

Bachelor’s Degree required, with preferred field of education in business, real estate or finance
Approximately 5 years of experience in real estate development, finance, loan financing or related field
Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience
Proven ability to build financial models in Excel
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
Excellent analytical skills and strong written and verbal communication skills, including the ability to draft investment committee memos
Independent and team project management skills required

Nice To Haves

Master’s Degree or MBA preferred, in business, real estate or finance
Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred

Responsibilities

Formulates and implements financial analyses of development projects and of proposed asset sales
Prepares, updates and maintains financial models related to real estate transactions
Conducts ROI analysis, including cashflows, IRR’s, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties
Conducts research to gather and evaluate economic, demographic and real estate market data.
Assembles and summarizes data and prepares reports of findings in support of development strategy and real estate initiatives, strategic studies and lease transactions
Assists with certain elements of the internal management of projects
Coordinates with departments including Development Accounting, Business Analysis, Treasury, Legal and Tax to collect market, economic and financial data, prepare budgets, project financials, and determine financing options
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 the Development Accounting team in monitoring development cost performance
Mentors Analysts as needed
Assists in review of leases, purchase and sale agreements, 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 regionally and nationally 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