Development Associate

ARI Apartment Management•Greensboro, NC

About The Position

The Carroll Companies is seeking a highly motivated, detail-oriented Development Associate to support real estate development projects from land acquisition through permitting and construction preparation. This entry-level to mid-level role is intended for someone with at least three years of experience in real estate development, finance, or a related field. The associate will contribute to financial management, project oversight, consultant coordination, permitting, and stakeholder communication, helping ensure projects are delivered on time and within budget. The role includes developing and maintaining financial pro formas, budgets, cash-flow projections, and return-on-investment analyses, as well as overseeing project finances through approvals, construction, lease-up, and stabilization. The Development Associate coordinates external consultants, drives civil and architectural design, tracks drawings and regulatory approvals, manages permitting, and prepares projects for construction once permits are secured. The associate also works closely with acquisition, construction, and legal teams and prepares regular project updates and reports. The Carroll Companies is a family-owned real estate development and property management group headquartered in Greensboro, North Carolina. Its portfolio includes multifamily housing, single-family homes, wine and self-storage facilities, hotels, condominiums, industrial properties, and mixed-use developments. The company states that it is committed to diversity, inclusion, and equal employment opportunity.

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 pro formas, 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 the civil and architectural design process and ensure drawings are completed and submitted for permitting on time.
Push consultants to meet deadlines and secure necessary regulatory approvals.
Oversee the permitting process and ensure required permits are obtained efficiently and on schedule.
Ensure projects are thoroughly prepared for construction once permits are secured.
Collaborate with internal acquisition, construction, and legal teams to support seamless project execution.
Prepare regular project updates and reports.
Maintain strong communication with project stakeholders.