Development Associate

The Annex Group•Fishers, IN

22h

About The Position

POSITION OVERVIEW: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. ESSENTIAL DUTIES: Include but are not necessarily limited to the following: Identify viable real estate to develop or acquire projects that fit the goals of the Company Research various quantitative data to support a new investment opportunity that fit the goals of the Company Research qualified allocation plans for underwriting standards and design criteria for new LIHTC projects in state of interest to the Annex Group and built out existing database Research soft funding opportunities to help aid new development opportunities Research LIHTC legislation and how this may affect current development opportunities Prepare financial proforma(s) with financial analyst to ensure financial validity of a prospective project Identify and engage municipal officials to ensure project support Identify and engage strategic local partners to ensure project support Coordinate, review, and comment on due diligence with General Counsel Visit markets of interest based on data gathered Prepare predevelopment budgets Complete understanding of prospective project ‘deal book’ which is the investment thesis for all prospective projects with supporting data Support development manager in presenting prospective projects to the Investment Committee for approval Assist development manager as needed to ensure project success Negotiate Letter of Intent and make recommendation(s) to Vice President of Development to determine terms to Purchase and Sale Agreement Partake in all phases of architectural and engineering design Attend municipal hearings, as necessary Coordinate RFQ/RFP responses, as necessary

Requirements

Bachelor’s degree from an accredited institution in business administration, economics, finance, or real estate, complemented by a master’s degree (a plus) with an emphasis on finance, economics, or real estate
Ability to effectively communicate (oral and written) with both internal and external customers
Working knowledge of email and MS Office software programs necessary
Ability and willingness to effectively use other job-related technology tools
Needs to have excellent relationship-building skills
Able to work with minimal supervision
Must be a proficient communicator and listener
Organization skills are critical
Conflict and relationship management skills
Ability to work on multiple projects simultaneously with frequent interruptions
Articulate, professional oral and written communication skills
Ability to prioritize, organize, and multi-task
Strong interpersonal skills and ability to be a team player
Math proficiency
Strong work ethic and a positive attitude
Self-motivated, adaptable, dependable, with focus on customer service
Professional appearance and demeanor
Frequent walking, standing, sitting within the work area
Driving to/from locations for business-related purposes
Must be willing to travel as required

Nice To Haves

Bachelor’s degree from an accredited institution in business administration, economics, finance, or real estate, complemented by a master’s degree (a plus) with an emphasis on finance, economics, or real estate

Responsibilities

Identify viable real estate to develop or acquire projects that fit the goals of the Company
Research various quantitative data to support a new investment opportunity that fit the goals of the Company
Research qualified allocation plans for underwriting standards and design criteria for new LIHTC projects in state of interest to the Annex Group and built out existing database
Research soft funding opportunities to help aid new development opportunities
Research LIHTC legislation and how this may affect current development opportunities
Prepare financial proforma(s) with financial analyst to ensure financial validity of a prospective project
Identify and engage municipal officials to ensure project support
Identify and engage strategic local partners to ensure project support
Coordinate, review, and comment on due diligence with General Counsel
Visit markets of interest based on data gathered
Prepare predevelopment budgets
Complete understanding of prospective project ‘deal book’ which is the investment thesis for all prospective projects with supporting data
Support development manager in presenting prospective projects to the Investment Committee for approval
Assist development manager as needed to ensure project success
Negotiate Letter of Intent and make recommendation(s) to Vice President of Development to determine terms to Purchase and Sale Agreement
Partake in all phases of architectural and engineering design
Attend municipal hearings, as necessary
Coordinate RFQ/RFP responses, as necessary