Development Associate - TOD
Metropolitan Council
September 3, 2014
Professional Area:
Community Development and Redevelopment
Economic Planning and Development
Planning Management, Budgeting and Finance
Real Estate Development
Experience:
3-5 years
Location:
Minneapolis, MN
The Metropolitan Councilis 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 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, assisting in evaluation of proposals and potential developments, managing real estate consultants, and building and maintaining TOD project databases, etc . To this end, the Development Analyst will need to have appropriate financial expertise, math skills, and knowledge of real estate development. The Development Analyst will also support the director in establishing strategies and business practices to make the Office of TOD efficient, effective and transparent.
EXAMPLES OF DUTIES
Major responsibilities include:
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 Development Manager on new TOD projects
- Works with Program Manager on communicating TOD
Tracks TOD projects in the region
- Builds & maintains appropriate TOD project tracking database
- 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
- Provides TOD Office with linkage to the state of real estate analysis practice
Develops and maintains tracking metrics for TOD projects
- Working with TOD office staff, develops performance metrics for TOD
- Coordinates with partner governments within the region
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 projects financials.
Equivalency: A master's degree in business administration with real estate specialization can substitute for 2 years of experience.
- Knowledge of real estate financial analysis
- Knowledge of real estate development process
- Knowledge of real estate data and analytic tools
- Knowledge of financing structures of real estate transactions
- Knowledge of basic real estate law
- Math skills sufficient to understand functions & formulas and modify as needed
- 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 driving forces in a potential real estate project
- Ability to understand current and likely future real estate market
SUPPLEMENTAL INFORMATION
Union/Grade: NRC/Grade H
FLSA Status: Exempt
Safety Sensitive: No
How to apply: Please apply online at metrocouncil.org.
FLSA Status: Exempt
Safety Sensitive: No
How to apply: Please apply online at metrocouncil.org.
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.
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)
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.
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.
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.