Development Analyst
UDR
April 17, 2015
Experience:
3-5 years
Email:
bdiffendal@udr.com
Location:
Highlands Ranch, CO
UDR is pleased to announce the addition of a Development Associate at our Corporate Office in Highlands Ranch, CO.
GENERAL SUMMARY OF DUTIES: Work with senior members of the development team to analyze the profitability of potential deals, model development proformas and joint venture structures, and gather relevant market data. Assist in providing financial analysis, modeling, and support for all the Company’s new business development activities in the real estate industry. Provide research and analysis on various topics related to various projects.
SUPERVISION RECEIVED: Reports directly to a Senior Development Associate
SUPERVISION EXERCISED: N/A
ESSENTIAL FUNCTIONS: Produce financial modeling spreadsheets. Build and maintain development databases on construction costs, project cost comparisons, land sales, forward supply, market data, and other statistics. Review and summarize numerous entitlement and other city documents. Receive, analyze, and summarize market studies. Assist in the creation and assembly of major presentations utilizing PowerPoint, Excel and MS Word. Compile and manage project schedules. Support development project managers in tasks such as acquisition of utilities, permits, and other project needs. Track project expenditures versus budget. Review third-party market reports to supplement the organizations’ operating data in order to make appropriate operating and expense projections for the proposed development. Research local property tax rates, local impact fees, and entitlement costs to ensure an accurate reflection of total development costs. Work with other members of the development team during the due diligence process to ensure issues related to the potential impact on project performance are reviewed. Provide sensitivity analysis to evaluate the impact of certain variables. Prepare and distribute periodic development reports to senior members of the team. Perform other duties as assigned or as necessary.
EDUCATION AND EXPERIENCE: Bachelor’s degree in Business, Accounting or Finance, related field; or equivalent combination of education and experience required. Graduate degree preferred. Minimum of two years’ experience through a combination of financial modeling, Capital budgeting and project planning experience, preferred. Minimum of one year of experience within the real estate industry strongly preferred. Must have and maintain a valid driver’s license unless otherwise noted.