Development Analyst

We have an exciting opportunity for a full-time Development Analyst to play a pivotal role in the delivery of multi-family housing across the Midwest.  As a Development Analyst, you’ll be responsible for developing project scope, budget and schedules and working closely with stakeholders to determine where efficiencies, compromises and/or alternatives can be utilized in order to achieve the desired financial outcome for each project.

Roers Companies is a full-service real estate firm headquartered in Minneapolis with developments across the Midwest.  We are committed to providing superior properties with exceptional 5-star service to both our residents and ownership groups.

Responsibilities

  • Financial feasibility analysis of new development opportunities. Must be able to understand debt, valuation methodologies, and other real estate finance tools and metrics.
  • Preparation of financing equity packages and applications.
  • Coordination and completion of due diligence items for lenders and investors.
  • Creating development budgets, including completing research to verify assumptions.
  • Drafting investment deal summaries for internal and external review, geared to banking institutions and investors.
  • Conducting property and market research for given areas – Comparable competing properties, ownership, development pipeline, sales and other market comparables.
  • Becoming familiar with development, asset management, and property management through reading research materials, understanding the firm’s past work, and comprehending the competitive landscape.
  • Preparing LOIs, Purchase Agreements, reviewing contracts, correspondence, and other communications.
  • Developing business relationships through membership and participation in professional, industry/trade and civic organizations.
  • Other duties as assigned.

Qualifications

  • Minimum of three (3) years of real estate related experience, preferably in new development underwriting.
  • Bachelor’s degree in finance, business or related discipline.
  • MS Office experience including advanced knowledge in Excel
  • Ability to work independently in a professional and flexible manner
  • Ability to manage multiple projects with strong organizational skills
  • Ability to travel up to 10% of the time
  • Strong interpersonal, oral and written communication skills.
  • Exceptional communication skills and ability to interact with wide range of people.
  • Must be organized, detail oriented and have good time management skills.
  • Ability to work a flexible schedule, understanding that your scheduled workdays may vary according to staffing and property needs.
  • Entrepreneurial mindset – loves to be challenged, determined to win, puts clients and teammates first, collaborative, inquisitive, self-motivated, and operates on trust (not fear).
  • High integrity – trusted, direct, truthful. Embodies confidence and admits mistakes.
  • Ability to perform the physical functions of the position, which may include, but are not limited to: ability to walk property, including up to 4 flights of stairs, to complete physical inspections.
  • Maintain neat, well-groomed, professional appearance.

Candidates will be required to pass a criminal background check and motor vehicle check.

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