Senior Associate - Development Analyst

Posting Duration: This posting will close at the end of November and will only be extended if we need to see more candidates to fill the position.

Position Summary:

The Development Analyst role will collaborate with the Development Team in all aspects of the development process, including feasibility assessment, acquisition, financial modeling, financing, zoning/entitlements, permitting, construction, leasing, delivery and disposition. Position will also involve miscellaneous tasks related to existing projects. Analyst will encounter a variety of roles ranging from high-level decision making to maintaining detailed project coordination and organization.

Essential Functions:

• Creating and modifying development models, budgets, and proformas to assess potential developments and assist in ongoing development of existing projects
• Analyzing and comparing complex partnership agreements and project capitalization options
• Preparing investment memoranda and other presentations for internal investment review, to raise equity and secure debt
• Assist in the preparation of various ad-hoc analyses and materials to facilitate the development and finance teams
• Coordinate and gather industry and market information including comparable rent/sales data, operating expenses and other pre-development costs
• Assist in the preparation of investment committee memorandums
• Participate in the pipeline and investment/development selection with upper management
• Other duties as needed and requested

Education & Technical Skills

• Bachelor’s degree (Real Estate, Economics or Finance preferred) or equivalent work experience required
• 3-5 years minimum hands-on experience as an analyst and/or underwriter at a commercial real estate firm, financial institution, special servicer or fund preferred
• Must be proficient in cash flow modeling and understanding financial statements
• Strong organizational skills with a sharp attention to detail
• Self-motivated and driven, ability to work efficiently and effectively in a fast moving, demanding and dynamic
• environment
• Detail oriented and ability to manage multiple projects and deadlines
• Experience with commercial real estate finance a plus

Preferred Skills:

• Exceptional excel modeling skills including dynamic monthly proformas, sensitivity tables, construction loans and equity waterfalls. Advanced Microsoft Excel (v-lookup, macros, and pivot tables) are desirable.
• Knowledge of development fundamentals; including the process, proforma, design, financing, permitting, construction, and project management.
• Good eye for detail and graphic design to help create compelling presentations for investment offerings, internal approval process, financing, and entitlement presentations.
• Ability to work independently and proactively coordinate portions of a project to leverage team effectiveness.
• Motivation to self-start and handle multiple tasks for multiple projects concurrently.
• Resourcefulness to independently dig for market data from various sources and relationships.
• Detail-oriented, but ability understand and communicate the bigger picture through clearly summarized written and verbal communication.

Supervisory Responsibilities:   Not at this time.

Competencies: To perform this job successfully, the individual should demonstrate the following competencies:

1. Analytical Skills: Collects and researches data. Designs workflows and procedures. Identifies data relationships and dependencies. Synthesizes diverse information. Uses intuition and experience to complement data.
2. Quality Management: Looks for ways to improve and promote quality; demonstrates accuracy and thoroughness.
3. Problem-Solving: Develops alternative solutions; gathers and analyzes information skillfully; identifies problems in a timely manner; resolves problems in early stages; works well in group problem-solving situations.
4. Dependability: Commits to doing the best job possible; follows instructions, responds to management direction; keeps commitments; meets attendance and punctuality guidelines; responds to requests for service and assistance; takes responsibility for own actions.
5. Judgment: Displays willingness to make decisions; exhibits sound and accurate judgment; supports and explains reasoning for decisions; includes appropriate people in decision-making process; makes timely decisions.
6. Quality: Demonstrates accuracy and thoroughness; looks for ways to improve quality; applies feedback to improve performance; monitors own work to ensure quality.
7. Teamwork: Balances team and individual responsibilities; contributes to building a positive team spirit; exhibits objectivity and openness to others’ views; gives and welcomes feedback; puts success of team above own interests.

In addition to the above job-specific competencies, all Forum employees are expected to demonstrate these Forum Core Competencies:

1. Adaptability: Accepts criticism and feedback; accustomed to a culture of rapid and constant change and easily adjusts to changing priorities and conditions; manages competing demands.
2. Achievement Focus: Demonstrates persistence and overcomes obstacles; measures self against standard of excellence; recognizes and acts on opportunities; sets and achieves challenging goals; takes calculated risks to accomplish goals.
3. Communications: Exhibits good listening and comprehension; expresses ideas and thoughts well in written form; expresses ideas and thoughts well verbally; keeps others adequately informed; selects and uses appropriate communication methods.
4. Initiative: Asks for help when needed; looks for and takes advantage of opportunities; seeks increased responsibilities; takes independent actions and calculated risks; undertakes self-development activities; volunteers readily.
5. Collaboration: Recognizes and cultivates strong interpersonal relationships and cross-functional collaborations; generates value and uses motivation to influence and create change; seeks not to control but to inspire; facilitates dissemination and sharing of knowledge and information.
6. Accountable: Keeps and follows-through on commitments; readily takes ownership of achieving results by exhibiting responsibility and initiative; displays open, proactive communication that builds trust.
7. Respectful: Displays integrity and honesty; maintains professional demeanor and composure in tense situations; exhibits fairs and generous behavior; readily owns up to mistakes and admits when wrong; strives to “get it right;” displays loyalty even when tough to do so.

Forum Values:

• Blaze the Future (Entrepreneurial): Take initiative. Push what’s possible. Own your path but stay nimble. Embrace change and challenge the status quo.
• Make it Better Together (Collaborative): Go all in.  Get Messy. Welcome new ideas and share yours freely. Be a sponge. Bump heads. Talk it out. Listen. Learn. Repeat.
• Stay Open (Vulnerable): Have the courage to make yourself vulnerable. Communicate honestly and respectfully. Share mistakes and trust one another.
• Dare to be clear (Clarity): Certainty is impossible, but clarity is essential. Eliminate the noise and focus your strategy to achieve something better, something great.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle, or feel; reach with hands and arms; stoop, kneel, crouch, or crawl and talk or hear. The employee must occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision.

Work Environment: 

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Compensation Information:  Base salary range is $90,000 to $120,000. This range is estimated for this role; actual pay may be different.

Benefits for full-time employees include medical, dental, vision, life insurance, long-term and short-term disability insurance, employee assistance program, Health Savings Accounts, Flexible Spending Accounts, 401(k) with company match program, 12 paid company holidays, self-managed PTO, anniversary milestone program/awards, gift matching program.