Development Associate

Title: Development Associate
Reporting to: Vice President & Regional Director
Location: Washington, D.C,

The ideal candidate will be a self-starter and ready to dive into a dynamic, fast-paced, efficient and innovative work environment.  The role presents an exciting entrepreneurial opportunity to help build an office and contribute to and support the pipeline and growth of a new region within Rockefeller Group (RGI). 

General Summary:

This position supports management and financial analysts in formulating asset strategies and evaluating projects from both financial and non-financial perspectives.    

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; and assisting Financial Analysts as needed. 

Summary of Key Duties and Responsibilities:

• Formulates and implements systems for financial analyses of development projects and of proposed asset sales
• Prepares, updates and maintains financial models related to real estate transactions
• Conducts ROI analysis for potential acquisitions of new properties or expansion of current properties
• Coordinates with RGI and RGDC corporate departments to collect data, prepare budgets, project financials, and determine financing options.  Departments include Development Accounting, Business Analysis, Treasury, Legal and Tax
• Participates in formulating and negotiating agreements with partner/investors and other appropriate individuals
• Reads proposals and analyzes major lease transactions
• Develops, updates and evaluates operating expense, cash flow and income projections against established budgets and operating proformas
• Assists Divisional Controller, Development Accounting in monitoring development cost performance
• Mentors Financial Analysts as needed
• Gathers and evaluates economic, demographic and real estate market data
• Assists in review of leases, legal documents and other materials as part of the 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 nationally and globally 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 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 5-7 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 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,  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 

Licenses / Certifications Requirements:

Driver's License

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. Rockefeller Group reviews and revises the position descriptions periodically to meet the changing needs of Rockefeller Group at the sole discretion of management. Position responsibilities are subject to change, consistent with business needs. Rockefeller Group will make reasonable accommodations to enable qualified individuals with disabilities to perform the essential functions unless this causes undue hardship to the Company.

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