Description
About Blue Onyx
Blue Onyx is a fully integrated commercial real estate development, construction, leasing, and management company. Based in Northern New Jersey, the company has properties and holdings throughout the state and in parts of New York.
Since 2009, the company has established a track record of success by strategically focusing on niche markets with untapped value and potential. Starting with a core portfolio of single and multi-family homes, Blue Onyx now represents a pipeline of over half a billion dollars in construction and development.
By building on this solid foundation, the company has established itself as a formidable regional competitor in the development and commercial real estate space. With more pioneering projects planned coupled with its moves into technology and adaptive typologies, Blue Onyx will continue to lead in the marketplace.
At Blue Onyx, you’ll be a part of something more than just a commercial real estate developer. You’ll be joining a team that is committed to having a measurable impact in the communities in which we work. Our goal? Nothing less than helping build a better life and expand the social footprint and safety net for communities by enabling opportunities and unlocking growth. We believe in fostering a work environment where everyone feels empowered, is encouraged to innovate, and feels invested in the overall success of the business.
Job Description
Blue Onyx Companies is currently seeking a development associate to aid in our existing development projects and pipeline, consisting of multifamily, mixed-use, and adaptive reuse assets.
The Position
This is a newly created position to support the development team that provides an opportunity to be a part of the entire acquisition and development process.
Responsibilities will include financial modeling, market analysis, cash flow analysis review,
due diligence activities, and project management.
The candidate should have an understanding of real estate and in-depth financial modeling with experience in the preparation and updating of development project pro formas/DCFs. Financial analyses will include cash on cash, IRR, and other financial metrics.
SPECIFIC RESPONSIBILITIES INCLUDE (but are not limited to):
- Build, maintain and monitor financial models in Excel utilizing property financial
statements, budgets, leases, construction data, expense information, and market assumptions
- Support the underwriting, analysis, and execution of acquisitions and development projects
- Identify strengths and weaknesses of proposed transactions
- Produce project acquisition proposals and materials necessary for presentations
- Help coordinate the closing of transactions
- Maintain and update due diligence checklists for transactions
- Create, monitor, track and interpret project data including contracts, schedules, budgets and cash flows on an on going basis
- Report to management and investors on projects
- Analysis and reporting on new markets
- Positively represent the organization by building strong relationships with internal and external clients including public officials, lenders, investors, and other stake-holders
- Assist in other special projects and assignments as they may arise
- Assist Development Manager in the project management of development projects
- Assist in the entitlements process
- Assist in the design process
DESIRED SKILLS EXPERIENCE
- Ability to assess, underwrite and execute multifamily real estate investments
- Advanced Excel experience, strong analytical and financial modeling skills
- Detail oriented with a commitment to a high quality work product
- Strong organizational skills - ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment
- Passion for the field of real estate acquisition/development - must like a fast-paced, entrepreneurial environment
- Ability to think independently and present viewpoints in a thoughtful and professional manner
- Project management experience
- Ability to pivot and work in the unknown
Job Sector
Not specified
Experience
2+ to 5 years
This job is no longer active.