Development Associate

ARI Apartment Management•Greensboro, NC

About The Position

The Carroll Companies is seeking a highly motivated, detail-oriented Development Associate to oversee real estate development projects from land acquisition through permitting and preparation for construction. This entry-level to mid-level position is suited to someone with at least three years of experience in real estate development, finance, or a related field. The role involves financial modeling, project management, consultant coordination, and navigating regulatory processes to help deliver projects on time and within budget. The associate will oversee project finances through approvals, construction, lease-up, and stabilization; coordinate design and permitting work; and collaborate with acquisition, construction, and legal teams. The Carroll Companies is a family-owned group of commercial and residential real estate development and property management companies headquartered in Greensboro, North Carolina. Founded more than 40 years ago, the combined companies have over $6 billion in real estate assets and operate across North Carolina, South Carolina, Tennessee, Texas, and Montana. Their real estate activities include multifamily housing, single-family homes, wine and self-storage facilities, hotels, condominiums, industrial properties, mixed-use projects, and in-house construction.

Requirements

Bachelor's degree in Finance, Economics, Real Estate, or a related field.
At least 3 years of professional experience in real estate development, financial analysis, or a similar role.
Strong understanding of real estate financial modeling and investment analysis.
Ability to manage multiple projects simultaneously and prioritize tasks effectively.
Excellent communication, negotiation, and interpersonal skills.
Proactive problem-solving ability and strong attention to detail.
Ability to thrive in a fast-paced, dynamic environment.

Nice To Haves

Experience with real estate development software.
Familiarity with local zoning regulations and permitting processes.

Responsibilities

Develop and maintain detailed financial proformas, including budgets, cash flow projections, and return-on-investment analyses.
Oversee financial aspects of development projects from approvals through construction, lease-up, and stabilization.
Manage and coordinate external consultants, including civil engineers, architects, and other specialized professionals.
Drive civil and architectural design processes and ensure drawings are completed and submitted for permitting on time.
Push consultants to meet deadlines and obtain required regulatory approvals.
Oversee the permitting process and ensure all required permits are obtained efficiently and on schedule.
Ensure projects are thoroughly prepared and ready for construction once permits are secured.
Collaborate with acquisition, construction, and legal teams to support project execution.
Prepare regular project updates and reports.
Maintain strong communication with project stakeholders.