Job description

About Us:

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of luxury residential, office, retail, and hospitality properties, operating primarily in Manhattan and other premier cities across the nation. Experiencing outstanding growth since its founding in 1989, the company’s growing portfolio exceeds twenty million square feet.

Summary of Responsibilities:

The Development Analyst is responsible for performing and preparing various analytical responsibilities necessary to implement development business plans. The Development Analyst participates in the underwriting of development proformas and the preparation of various reports and memorandums necessary for the day-to-day management of projects. The Development Analyst provides a full complement of analytical support to the development team throughout all project phases such as site acquisition, contracts, programming, design, finance, construction, leasing/marketing, and asset management.

The Development Analyst assists with the timely completion of property entitlement, permitting, and project management within budget; manages the underwriting and due diligence process in connection with and after asset acquisition and financing; evaluates credit data and financial statements to determine the degree of risk involved; and assists with building and maintaining pro forma models to evaluate feasibility and performance of development projects. The Development Analyst further conducts real estate market research and facilitates support for new ventures; assists with performance tracking and reporting; prepares acquisition/debt/equity offering memos as needed; and performs other duties as assigned.

Summary of Requirements:

Ideal candidates for the Development Analyst position hold a bachelor’s degree from an accredited college or university. The successful candidate must possess general knowledge of building construction workflows/processes, and an effective understanding of budgets, cost reports and accounting terms. Strong financial modeling skills are required. The Development Analyst must further demonstrate effective organization, time management, analytical, problem-solving, decision-making, communication (verbal and written), and professional presentation skills. Effective abilities to analyze, evaluate and move quickly to support rapid decision-making; recognize and timely escalate appropriate issues, tasks, responsibilities, and requests; and perform both independently and within a team in an entrepreneurial environment are required. Excellent knowledge of MS Office (Excel, Word, and Outlook) is a must.

Compensation & Benefits:

Extell offers opportunities for professional growth and advancement; and competitive pay and benefits to include:

• Annualized Salary: $90,000 - $115,000
• Medical, Dental, and Vision Insurance
• Life and AD&D Insurance Benefits
• Short- and Long-Term Disability Insurance
• 401(k) Plan
• Paid Time Off
• Employee Assistance Program

*Equal Opportunity Employer

Job Type: Full-time

Pay: $90,000.00 - $115,000.00 per year

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