Manager, Real Estate Finance (Development)

Advance Stores Company•Raleigh, NC

9d•Hybrid

About The Position

The Finance team, part of Corporate FP&A, provides financial discipline for Advance's store portfolio growth. This role is the financial backbone of Advance’s growth and development agenda, leading financial planning and analysis for new stores, hub stores, market hubs, relocations, remodels, and other strategic real estate investments. It covers the full investment lifecycle from site-level underwriting and capital planning to forecasting, performance reporting, and post-investment analysis. The role reports to the Senior Manager, Real Estate Finance and manages a team of Senior Financial Analysts and Financial Analysts. It involves close collaboration with cross-functional leaders in Real Estate Development, Construction, Store Operations, Strategy, and Corporate FP&A, and regular engagement with senior leaders to discuss investment strategy, capital allocation, and profitable growth. The ideal candidate is a finance leader with strong investment and modeling expertise, sound business judgment, executive-level communication skills, and the ability to lead through others. They should be adept at navigating ambiguity, constructively challenging assumptions, and translating complex real estate economics into actionable insights.

Requirements

Bachelor’s degree in Finance, Accounting, Economics, or another quantitatively rigorous field.
Six or more years of progressive experience in corporate finance, FP&A, real estate finance, investment analysis, or a related discipline.
Direct ownership of complex financial models, forecasts, investment evaluations, and decision support for material business or capital-allocation decisions.
Advanced proficiency in building complex financial models from the ground up, including integrated cash flow, investment underwriting, capital planning, forecasting, scenario, and sensitivity models.
Strong command of NPV, IRR, return-based evaluation, and the key financial and operating drivers of investment performance.
Advanced Microsoft Excel skills.
Demonstrated ability to structure ambiguous business problems, synthesize large and varied data sets, identify key drivers, and translate analysis into clear, decision-ready insights and executive presentations.
Working proficiency with Microsoft PowerPoint and enterprise financial planning, reporting, and data-visualization tools.
Demonstrated ability to validate, document, maintain, and improve complex financial models, with disciplined assumptions, controls, and review standards.
Proven ability to combine financial analysis with sound business judgment, communicate complex concepts clearly, constructively challenge assumptions, influence without direct authority, and advise cross-functional and senior leaders on consequential investment and capital-allocation decisions.

Nice To Haves

Experience leading, coaching, or developing analysts, project teams, or cross-functional workstreams, with demonstrated ability to set priorities, provide effective feedback, raise quality standards, and hold others accountable. Formal people-management experience is valued but not required.
Experience supporting a multi-unit retail, consumer, or service organization, particularly with exposure to store growth, market expansion, new-unit economics, or portfolio performance.
Relevant commercial real estate investment, development, or portfolio experience across retail, multifamily, industrial, office, mixed-use, or other property types.
Experience supporting acquisitions or site selection, development pipeline planning, construction, lease economics, asset or portfolio analysis, and project opening or stabilization within a large or geographically dispersed portfolio.
Experience with Anaplan, CoStar, or comparable enterprise planning, commercial real estate analytics, lease administration, portfolio management, or development pipeline tools.
Experience with Power BI, Tableau, SQL, Alteryx, or comparable data-management, automation, and visualization tools.
MBA or other relevant graduate degree, CPA, CFA, or another finance, accounting, or real estate credential.
Experience supporting capital committees, site approval processes, executive investment reviews, post-investment performance programs, portfolio optimization, or finance transformation initiatives.

Responsibilities

Lead the financial evaluation of new stores, hub stores, market hubs, relocations, remodels, and other growth investments, including establishing site-level economics, evaluating returns and sensitivities, pressure-testing assumptions, and presenting recommendations for capital-approval decisions.
Own the integrated financial view of the development pipeline, including unit volume, opening cadence, capital phasing, pre-opening costs, rent commencement, and earnings impact, ensuring alignment across Real Estate, Construction, Operations, and Finance.
Lead the financial planning, forecasting, and governance processes for the growth portfolio, monitoring approvals, commitments, spend, accruals, and forecast changes, and recommending allocation actions.
Own the growth and development components of the Annual Operating Plan, periodic forecasts, and long-range plan, explaining changes in volume, timing, capital, revenue, and profitability, and identifying risks and opportunities.
Lead new-store and project performance reporting from opening through stabilization, comparing actual results with approved economics and translating findings into improved underwriting assumptions and strategies.
Serve as the primary Finance partner to Real Estate Development and collaborate with leaders across Construction, Store Operations, Strategy, and Corporate FP&A to support senior leadership discussions on market prioritization, site selection, deal structures, capital intensity, and portfolio growth.
Own the integrity, consistency, and continuous improvement of development pro formas, pipeline models, reporting, and supporting processes, establishing clear assumptions, controls, documentation, and review standards.
Build, lead, and maintain a high-performing team of Senior Financial Analysts and Financial Analysts, establishing priorities, allocating work, ensuring quality deliverables, coaching talent, and strengthening capabilities.