Development Associate (Analyst) -TOD
Metropolitan Council
March 12, 2015
Professional Area:
Community Development and Redevelopment
Real Estate Development
Transportation Planning
Urban Design
Experience:
3-5 years
Location:
Minneapolis, MN
LOCATION: Heywood Office and Operations Facility, Minneapolis
DESCRIPTION: Recruitment
Type: Open Competitive.
DESCRIPTION: Recruitment
Type: Open Competitive.
The following position is open to internal and external applicants. Review of applications will begin in 10 days and the posting will remain open until filled. The Metropolitan Council is the regional planning agency serving the Twin Cities seven-county metropolitan area by providing essential services to the region.
Employing approximately 3,700 employees, the Council works with local communities to provide these critical services:
- Metro Transit bus system, light rail and commuter rail services
- Wastewater collection and treatment
- Community planning for future growth
- Affordable housing opportunities for low-and moderate-income households
- Planning and funding for regional parks and trails Metro Transit is the largest provider of transit service in the seven-county metropolitan area and one of the country's largest transit systems
The agency operates bus and rail service essential to the region’s mobility, and also provides resources for carpooling, van pooling and bike commuting. Metro Transit helps people get to where they're going, reduces regional traffic congestion and promotes a cleaner environment.
The Development Associate (Analyst) in the Office of Transit Oriented Development (TOD) will serve as the Metropolitan Council’s lead TOD data and financial analyst, including analyzing project feasibility, evaluating potential developments, participating in TOD project development, and managing TOD project databases, etc. To this end, the Development Analyst will need to have appropriate financial expertise, knowledge of real estate development, and technical expertise. The Development Analyst will also support the Director in establishing protocols for improving the TOD Office’s efficiency, effectiveness and transparency.
EXAMPLES OF DUTIES Major responsibilities include:
Performs real estate research and analysis
Performs real estate research and analysis
- Develops appropriate pro formas for project evaluation
- Maintains database of local real estate market factors Provides real estate expertise for TOD projects
- Participates in TOD project development
- Works with other TOD Office staff on TOD projects, programs, and outreach Tracks TOD projects in the region
- Manages appropriate TOD project tracking data and analysis
- Coordinates with other Met Council offices
- Coordinates with partner governments within the region Acts as resource person for local government partners
- Provides advice on real estate financial tools & models
- Stays current on partner agency real estate tools
- Acts as primary TOD Office liaison to regional real estate development community
QUALIFICATIONS Education and Experience Requirements:
- Bachelor’s degree (BA/BS) from a four-year college or university in real estate finance, business, economics, geography, planning, or related field
- At least four (4) years of related experience in real estate analysis such as building real estate pro formas, tracking real estate development projects, and evaluating project financial feasibility.
Equivalency: A master's degree in business administration with real estate specialization can substitute for 2 years of experience. Knowledge, Skills and Abilities
- Knowledge of real estate financial analysis, real estate data and analytic tools
- Knowledge of real estate development process
- Knowledge of financing structures of real estate transactions
- Spreadsheet skills, especially with financial functions
- Ability to work on a team under deadline pressure
- Skilled in presenting research results to non-technical audiences
- Ability to organize TOD project data for use by non-technical partners
- Ability to understand and explain the critical factors in a potential real estate project
SUPPLEMENTAL INFORMATION Union/Grade: NRC/Grade H FLSA
Status: Exempt
Safety Sensitive: No
Status: Exempt
Safety Sensitive: No
Work Environment: Work is performed in a standard office setting.
Physical Requirements: Regularly required to sit for long periods, stand/walk occasionally, speak, hear normal conversation and telephone ring tones, operate a computer and other office equipment, reach with hands/arms frequently below chest height and occasionally overhead, must occasionally lift/carry/push/pull up to 10 pounds, must have adequate close vision for reading and computer work.
Physical Requirements: Regularly required to sit for long periods, stand/walk occasionally, speak, hear normal conversation and telephone ring tones, operate a computer and other office equipment, reach with hands/arms frequently below chest height and occasionally overhead, must occasionally lift/carry/push/pull up to 10 pounds, must have adequate close vision for reading and computer work.
Selection Process:
Candidates will be referred to the hiring manager for consideration based on the results of the following assessment process:
• Education and experience rating (review of application materials)
• Oral Exam (1st Interview)
• Selection Interview (Second Interview)
Candidates will be referred to the hiring manager for consideration based on the results of the following assessment process:
• Education and experience rating (review of application materials)
• Oral Exam (1st Interview)
• Selection Interview (Second Interview)
Not all applicants who meet minimum qualifications will necessarily be referred to the hiring manager for consideration. Applicants should be sure to list completely all of their training and experience in their application materials and answer the supplemental questions.
Conditional Offers: All employment offers are conditional upon a review and verification of education, employment and driving record (if applicable) as well as passing a pre-employment drug-screen for new hires. Offers are also conditioned upon passing a criminal background check for new hires. Convictions are not an automatic disqualification from the selection process. The Metropolitan Council considers felony, gross misdemeanor and misdemeanor convictions on a case-by-case basis. Convictions are reviewed based upon the relatedness of the conviction to duties of the position as well as a candidate’s ability to demonstrate adequate rehabilitation.
Please note: Making a false statement or withholding information (misrepresentation) may cause an applicant to be barred from consideration for the position. The Metropolitan Council is an Equal Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities. If you have a disability that requires accommodation during the selection process, please notify human resources at 612/349-7558.