Development Analyst Jobs in Massachusetts (NOW HIRING)

The Development Analyst will work with the Managing Director on all development projects in the MA office of Wood Partners, a national multifamily developer. The Development Analyst will oversee the full cycle development process through underwriting, due diligence, permitting, design, and construction through to lease up.
Work Performed (responsibilities include but are not limited to the following)
SITE SELECTION: The Development Analyst will support the Managing Director in building the knowledge of all potential development sites in the market and develop a plan for pursuing them.
SITE FEASIBILITY/UNDERWRITTING: The Development Analysts is responsible for quickly developing preliminary information relative to the site such as the quality and location, rent potential, development trends in the submarket, the location of comparable apartment sites, impact fees and real estate taxes. The Development Analyst will be responsible for maintaining complex real estate models to analyze returns and economic feasibility.
DUE DILIGENCE: Assist the Pre-construction and Development teams with the due diligence efforts when pursuing projects under contract. This includes collecting and managing the review of all potential risks and value drivers including title documents, project entitlements, environmental documents, soils analysis, etc.
PREPARING INVESTMENT COMMITTEE AND FINANCE PACKAGES: The Development Analyst will be responsible for preparing investment committee packages for internal review and finance packages to be sent to potential lenders and equity partners for projects requiring capitalization.
PRE-CONSTRUCTION PROJECT MANAGEMENT: The Development Analyst will also assist in the review and negotiation of contracts (purchase and sale, loan documents, partnership agreements, leases, easements, etc.). Working with Managing Director, Analyst will be responsible for tracking pre-development budgets and forecasting future spending consistently.
FINANCING AND CLOSING: Once financing commitments have been obtained, the Development Analyst shall help collect the information requested by or set forth in the checklist of the lender or equity partner. The Development Analyst shall have primary responsibility for coordinating with the Managing Director to ensure that the necessary entities are formed on a timely basis and obtaining such things as corporate approvals and coordinate with Wood Partners' construction team to obtain the necessary building permits.
CONSTRUCTION PERIOD AND POST CLOSING: After the transaction is closed and the building permits have been obtained, the Development Analyst will assist the Development Team with oversight of the project as the representative of the Owner. In this capacity, the Development Analyst will coordinate third party service provider contracts and marketing agreements, manage the monthly draw process and communication with the lender and equity partner, track job cost against budget and report to management on projected savings or overruns. Additionally, the Development Analyst may attend bi-weekly construction meetings and coordinate with construction and Wood Partners to establish realistic turnover schedules for the lease office and apartment buildings, model and clubhouse furniture installation dates, approval of a lease-up budget and lease-up strategy.
Required Qualifications at this Level
Education/Training:
Bachelor's degree in business, science or other related discipline and related experience. Preference for Master of Business Administration or Real Estate, but not required.
Experience:
A minimum of 1 year of direct work experience is required. Candidate will ideally have a background in real estate development, investment and finance, or asset management. Must have experience with financial valuations and evaluations of property. Must show prior experience and success derived from taking initiative. Knowledge of the Greater Boston/New England area strongly preferred
Skills:
Strong financial and analytical skills with a passion for real estate. Ability to manage multiple projects in various stages through the consistent completion of tasks with established deadlines. Knowledge of key financial concepts and metrics as they relate to the multifamily real estate industry, including capitalization rates, internal rates of return, cash-on-cash returns, and others. Thorough understanding of using Excel and understanding pro forma analysis. Ability to assemble high-quality presentations. Strong verbal and written communication skills. Ability to absorb and act on legal documents such as land contracts, Joint venture agreements, title, zoning, and financing agreements.