About the Role
The Analyst, Real Estate Development will provide financial and other support for diverse development projects across multiple asset classes. This role involves developing, interpreting, and implementing financial models to evaluate and recommend investment, development, and redevelopment projects.
Responsibilities
- Create detailed financial models for single and multi-phase development projects including multi-family residential, retail, office, and hospitality property types, both at a project and investor level (waterfall analysis).
- Obtain inputs and assumptions for development proformas through market research, review of third-party reports, and collaboration with internal teams and JV partners.
- Conduct financial analysis, prepare scenarios, and perform sensitivity analysis to inform decision-making and evaluate development options.
- Coordinate with required groups to ensure accuracy of information and evaluate options to improve project returns.
- Lead or assist in creating presentations and memorandums for internal project approvals.
- Lead or assist with implementing standard monthly and quarterly reporting processes and publishing development status reports.
- Review financial planning and reporting of joint venture partners and complete internal management reporting on major projects.
- Perform variance analyses and reconciliations.
- Coordinate with required groups to complete the monthly cost-to-complete process for projects under development.
- Prepare project and portfolio reports for internal and external stakeholders.
- Work closely with Asset Management, Investments, and Finance teams on group initiatives and special projects.
- Assist in valuation processes.
- Provide input to other Real Estate groups in reviewing budgets, schedules, and investment feasibility.
- Assist in general development project oversight and organization, including coordinating meetings, filing, and liaising with development consultants.
- Perform other duties within the scope and purpose of the job as requested by management.
Requirements
- 1+ years of related experience within real estate development, investment, asset management, brokerage, lending, accounting, or valuations.
- General understanding of the real estate development process including planning, design, construction, finance, and leasing/sales.
- Strong financial modeling skills and a solid understanding of finance concepts and terminology.
- Strong proficiency in Excel, PowerPoint, and Word.
- Ability to critically review financial and project information and compile regular project reports.
- Attention to detail is critical for success in this role.
- Results-oriented with the ability to prioritize and manage multiple tasks and responsibilities, maintaining attention to detail.
- Strong interpersonal and communication skills, both written and verbal, with emphasis on relationship building.
- Ability to work collaboratively with cross-functional teams, building consensus, communicating effectively, and contributing to a positive, growth-oriented work culture.
- Passion for city-building and interest in connecting financial concepts to real-world applications.
Skills
- Financial modeling
- Excel
- PowerPoint
- Word
- Market research
- Financial analysis
- Scenario analysis
- Sensitivity analysis
- Presentation creation
- Memorandum creation
- Reporting
- Variance analysis
- Reconciliation
- Cost-to-complete process
- Valuation
- Budgeting
- Scheduling
- Interpersonal skills
- Communication skills
- Relationship building
- Collaboration
Location
- Multiple asset classes
Work Type
- Full-time
Experience Level
- 1+ years of related experience
Education Level
- Undergraduate degree with an emphasis on finance, real estate, or urban planning.
- MBA, CFA, CPA, or AACI are considered an asset.
About the Company
- Fengate is an equal opportunity employer, we strive to attract and retain a diverse workforce and are committed to promoting diversity, equity, inclusion, and belonging in the workplace.
- It is a core priority at Fengate to create, operate with, and continuously grow and sustain an inclusive culture that respects and connects the diversity of our team, our clients, our partners, and the communities we work in.
Equal Opportunity
- We are committed to providing accommodation for persons with disabilities. If you require accommodation, we will work with you to meet your needs.
- We thank all applicants for their interest in this position; however only candidates selected for an interview will be contacted.
