Development Associate / Analyst Full Time

POSITION:

Development Associate/Analyst

POSITION SUMMARY:

The Development Associate/Analyst is responsible for assisting with all aspects of development design/entitlement, proforma and financial modeling, analysis, schedule and budget, and reporting related to Galaxy’s development and construction projects in addition to conducting underwriting of new acquisition opportunities.

ESSENTIAL FUNCTIONS:

• Manage all aspects of development, including design, entitlements/government approvals, project budgets, and financial feasibility.
• Collaborate with the design team and various consultants, engineers, expediters, surveyors, and inspectors.
• Interview, select, contract, and manage third party consultants, including but not limited to architects, engineers, and general contractors.
• Actively participate in all phases of the development life cycle, including site acquisition, entitlement, design, financing, budgeting, scheduling, and preparation of weekly OAC meeting reports.
• Development and management of proforma models to support the company’s development projects and underwriting for new acquisitions.
• Strong working knowledge of mixed-use and multi-family apartment business models, proforma structures and current industry metrics; Hotel and Condominium modeling experience is also helpful.
• Preparation of regular development project budgets, ongoing budget tracking, and processing pre-construction payment applications.
• Conduct feasibility studies to determine the highest and best use for potential development sites, including zoning analysis, entitlement risk assessment, market research, proforma creation, and project cost budgets.
• Perform detailed financial analysis and underwriting for potential investments, including proforma cash flow projections, and modeling complex capital structures and distribution waterfalls.
• Prepare investment memoranda and presentation materials to facilitate capital formation efforts and negotiate joint venture partnerships with prospective landowners.
• Execute the Company’s capital formation activities by developing key lender and joint venture relationships.

MINIMUM REQUIRED QUALIFICATIONS:

• Ideal candidates will possess 3-5 years of professional experience in managing real estate development and financial proforma modeling.
• Advance proficiency in MS Excel.
• Strong understanding of financial performance metrics and real estate valuation techniques.
• Experience creating, maintaining, and reporting of proforma models, budgets, finance, cost, and schedule reports.
• Excellent communications skills (written + verbal).
• Demonstrated financial competency at a detailed level of operation.
• Ability to collaborate across many levels.
• High level of attention to detail and accuracy and ability to make effective decisions and solve problems.
• Strong critical thinking, analytical skills, and sound judgment is essential.
• High awareness and knowledge of the current state of the capital markets.
• Ability to work on multiple tasks concurrently and under tight timeframes.