Development Associate Jobs in Pasadena, CA (NOW HIRING)

Description

Job Summary

The Affordable Housing Development Associate is responsible for supporting and assisting projects from start to finish - from initial acquisition analysis and determination of financing structures to construction and asset management.

This position can be based out of Boca Raton, FL, Collingswood, NJ or Los Angeles, CA.

Essential Job Functions

• Model and instill company mission and values 
• Manage multiple projects concurrently at varying stages of development while meeting or exceeding deadlines on their own with support from the COO as requested; works with team members across the entire business, including accounting, property management, development, and leadership. 
• Perform market research and valuation analyses of prospective investment opportunities and identifies prospective investment opportunities for the organization.
• Perform extensive due diligence on each transaction; prepare written analyses and evaluations of investment opportunities for COO to review.
• Complete project documentation including drafting letters of intent (LOI) for purchase with sellers; and preparing and distributing regular reports to internal and external stakeholders. 
• Participate in execution of transactions, including negotiations of contracts and agreements with sellers and financing banks.
• Perform planning, design, entitlements and permits; pre-construction, construction and project close-out duties; turnover of the project to asset and property management teams as well as project disposition support, when applicable.
• Continuously improve development operations, systems, procedures, tools, relationships, and organizational expertise.
• Cultivate, maintain, and leverage relationships with key stakeholders internal and external to the company, brokers, capital partners, landowners, buyers, governmental and regulatory authorities, contractors, architects, engineers, and consultants.
• Completes special projects as required. 
• Performs other duties as required and assigned. 

Requirements

Knowledge, Skills, and Abilities

• Bachelor's degree in business, finance, or related field. 
• Minimum of 5 years' of relevant experience.
• Minimum of 3 years' experience in the affordable housing domain.
• Proficient in Microsoft Office Suite and virtual meeting applications.
• Proficient working with Monday.com Work OS and RealPage software preferred. 
• Ability to read and decipher leases, contracts, financials, inspection reports, and title documents. 
• Excellent verbal and written communication skills. Extremely proficient in MS Office and virtual meeting applications. Adept at quickly mastering new systems and technology.  
• Detail-oriented, organized, motivated, meticulous, practical & flexible. Able to effectively handle multiple and shifting priorities and maintain professional composure.
• Able to work in a fast-paced, high energy and team-oriented environment. Able to complete high quality work under pressure and within tight deadlines.
• Excellent interpersonal skills; able to develop relationships with coworkers, business partners and colleagues. Builds trust, honors commitments and treats all with respect. Uses those skills to accurately accomplish tasks by the deadlines.
• Able to work independently and as part of a team. Able to resolve issues, manage conflict exercise good judgement, and be a creative problem solver. 
• Excellent analytical, comprehension, and creative problems solving skills.   

Our Values

• Embrace New Ways: obstacles are opportunities, and challenges are catalysts for change
• Serve the Community: give back and pay it forward
• Drive to Achieve: ambition and determination - we can achieve anything we can imagine
• Purpose Over Pride: Collaboration, thoughtful listening, and respect guide how we work with each other 

WE'VE GOT YOU COVERED

We take pride in supporting the health and well-being of our teammates and their families:

• Full medical, prescription, dental and vision benefits
• Company-paid life and AD&D insurance
• Company-paid short-term and long-term disability
• A 401(k)-retirement plan with company match
• Paid time off, accrued based on years of service
• Supplemental insurance for employees and families
• Employee Assistance Program for confidential counseling
• Additional paid day off to provide community or charitable services
• Paid holidays; approximately fourteen (14) per year
• Peace of mind and a great working environment

#LP

MRK provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability,  genetics, veteran status, sexual orientation, and gender identity.