Real Estate Development Associate

CONAM Management Corporation•San Diego, CA

23h•$110,000 - $120,000•Onsite

About The Position

CONAM Management is seeking an energetic, forward-thinking, and resourceful Development Associate to support the Development team. This role involves analyzing new development opportunities, performing cost/financial analyses, managing project budgets, administering contracts, conducting market research, compiling project data, and maintaining analytical tools. The position offers exposure to the full lifecycle of multifamily development, working closely with senior leadership from acquisition through project delivery. The Development Associate position works onsite at the San Diego Corporate Office five days a week.

Requirements

Bachelor’s degree required, focus in real estate, finance, economics, or related field.
2-5 years experience of real estate development, construction, or related disciplines.
2-5 years financial modeling, including development proformas and sensitivity analysis.
Advanced proficiency in Excel; proficiency in Microsoft Office (Outlook, Word, Excel, PowerPoint) required.
Strong interpersonal skills and the ability to build relationships with stakeholders, including senior staff, associates, investors, clients and external partners/vendors.
Strong written and verbal communication skills, including investor-facing materials.
Ability to manage multiple projects concurrently in a fast-paced environment.

Nice To Haves

Master’s degree preferred.
2-5 years experience underwriting multifamily or mixed-use development projects preferred.
Experience with additional project management and analysis software preferred.
Working experience with contracts, including consultant agreements, AIA document forms, contractor agreements, and construction payment applications is preferred.

Responsibilities

Support EVP of Development in identifying, evaluating, underwriting, and recommending new development opportunities.
Communicate with brokers and other points of contact regarding opportunities.
Compile data including financial, market, demographic, site, federal, and state regulatory data.
Research and analyze a variety of sources such as general plans, ordinances, court decisions, legal documents, and articles for use in determining highest and best use of multifamily development projects.
Support and perform project underwriting responsibilities including financial analysis, market research, and due diligence.
Monitor market and submarket fundamentals including supply and demand fundamentals, lease comps, and sales comps.
Prepare forecasts for new and existing projects.
Develop and maintain proformas, analytical tools, and data management processes.
Actively participate in, and lead as needed, project meetings and activities.
Prepare, maintain, and report budgets, schedules, and other KPI metrics.
Organize consultant procurement and administer contracts.
Prepare meeting agendas and issue meeting minutes as necessary.
Compile and analyze key project data to support development execution.
Develop forecasts, dashboards, reports, and presentations.
Order and summarize third party reports.
Collect and disseminate due diligence information.
Provide capital projections, and reporting for the development team.
Assist in coordinating the development team, accounting, and capital partners.
Communicate in a professional, thorough manner. Within the development department and to senior company management, and with third-party capital investors, brokers, property managers, industry consultants, and third parties.
Prepare clear, professional, and visually compelling materials as needed.
All other duties as assigned.