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Development Analyst

Salary
Competitive
Employment
Full Time
Real Estate Field
  • Development
Location
Morristown
 NJ
Postal Code
07960
Country
United States

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Description


    •  

Rockefeller Group is one of the most trusted names in real estate – a leading developer, owner and investor, known for pioneering large-scale urban mixed-use development. For nearly nine decades the company has been trusted for its financial strength, stability and vision, and today remains committed to the selective development of innovative, high-quality properties that create long-term economic and civic value.

Our heritage and our people are our greatest assets. We empower and expect our employees to bring new perspectives, drive opportunities, and strengthen our competitive advantage. Being part of our team gives you the opportunity to build your legacy with one of the most trusted names in real estate.

Rockefeller Group provides a competitive benefits package including medical, dental, vision, 401(k) plan, tuition reimbursement program and health club reimbursement program.
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Department:
 NJ/PA Development

Reports to: SVP, Regional Development Officer

Location: Morristown, NJ

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General Summary:

Supports management in formulating asset strategies and evaluating projects from both financial and non-financial perspectives (primarily industrial and multi-family development).   

Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria and other relevant information to effectively evaluate Rockefeller Group Development Corporation (“RGDC”) development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; assisting in developing proposed annual and long range operating and capital expenditure budgets and plans for RGDC and RGDC projects.

 

Summary of Key Duties and Responsibilities:

  • Formulates and implements financial analyses of projects and of proposed asset sales
  • Prepares, updates and maintains financial models related to real estate transactions
  • Conducts ROI analysis, including cashflows, IRR’s, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties
  • Coordinates with Rockefeller Group and RGDC corporate departments to collect market, economic and financial data, prepare budgets, project financials, and determine financing options.  Departments include Development Accounting, Business Analysis, Treasury, Legal and Tax
  • Participates in formulating agreements with partner/investors and other appropriate individuals
  • Reads proposals and analyzes major lease and sale transactions
  • Develops, updates and evaluates operating expense, cash flow and income projections against established budgets and operating proformas
  • Assists the Development Accounting team in monitoring development cost performance
  • Gathers and evaluates economic, demographic and real estate market data
  • Assists in review of leases, purchase & sale agreements, legal documents, other materials and also meets with jurisdictional parties as part of the underwriting and due diligence process
  • Assembles and summarizes data and provides recommendations to management
  • Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
  • Works with real estate and construction colleagues regionally and nationally to develop and evaluate strategic opportunities for the Rockefeller Group's development portfolio
  • Develops, drafts and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies and lease transactions
  • Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
  • Recognizes and informs management of business issues and opportunities which may affect project facilitation
  • Produces and delivers oral and written presentations accurately and effectively.
  • Updates job knowledge through reading publications, participating in professional organizations and attending formal and informal training as appropriate
  • Performs other duties as assigned

Education Requirements:

  • Bachelor’s degree, with preferred field of education in Business
  • Graduate degree in Finance preferred

Experience / Knowledge / Skills Requirements:

  • Minimum of 3-5 years of work experience within related work areas
  • Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience preferred
  • Fundamental understanding of real estate development, operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required
  • Ability to track and analyze information to formulate appropriate recommendations
  • Excellent skills utilizing Excel, Word, Access or other relational databases and PowerPoint or other presentation software
  • Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
  • Excellent analytical skills and strong written and verbal communication skills
  • Independent and team project management skills required

 

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised periodically to meet the changing needs of the Company at the sole discretion of management. Position responsibilities are subject to change, consistent with business needs. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions unless this causes undue hardship to the Company.

Rockefeller Group International, Inc. and its subsidiaries are equal opportunity employers and comply with all federal, state and local equal employment opportunity laws. Our aim is to continue to recruit and retain a diverse workforce that promotes inclusiveness and emphasizes individual initiative, continuous improvement and teamwork to deliver the highest quality real estate and services throughout the United States.

Job Functions


  • Financial Analysis
  • Research/Market Analysis
  • Underwriting
 

Job Sectors


  • Residential
  • Industrial
  • Office
 

Experience


2+ to 5 years


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