$75,000–$110,000 Per Year
Accounting Close, Acquisitions Management, Affordable Housing, Analysis Skills, Benchmarking, Billing, Budgeting, Cash Flow, Check Processing, Commercial Real Estate, Communication Skills, Construction, Construction Design, Contract Requirements, Database Administration, Delivery Management, Detail Oriented, Due Diligence, Economic Analysis, Entrepreneurship, File Maintenance, Finance, Finance Software, Financial Modeling, Financial Transactions, Forecasting, Funding, Industry Standards, Legal, Loan Closing, Loan Draw, Market Tracking, Marketing, Microsoft Excel, Microsoft PowerPoint, Organizational Skills, Presentation/Verbal Skills, Project Tracking, Project/Program Management, Property Management, Public Policy, Quantitative Analysis, Real Estate, Rentals, Residential Real Estate, Sales, Sustainability, Target Marketing, Team Player, Time Management, Urban Planning, Writing Skills
Related California is seeking a Senior Development Associate for its Southern California Affordable Housing Division, located in Los Angeles, CA. The Senior Development Associate will be responsible for supporting the team in all aspects of their projects including new business, entitlements, due diligence, design, contracting, financing applications, financial transactions, construction, and lease-up. This key support position will provide the candidate with the opportunity for professional growth and exposure to all aspects of the affordable housing development process.
We'll trust you to:
- Provide support to Project Managers and project teams on all aspects of the development process with a strong emphasis on providing operational assistance with preparing and managing funding applications, new business opportunities, contracting, community outreach, entitlement processing, plan check/permitting, the closing process, and lease-up and marketing.
- Coordinate with architects, engineers and other consultants. Manage deliverables to keep team and project on track. Verify and confirm all vendor invoices for each project and that all invoices are processed in a timely manner.
- Assist with the closing process for real estate transactions including acquisition, construction loan closing and conversion.
- Assist in coordinating loan draws, forecasting project budgets and cash flows, and managing project deliverables.
- Research and analyze benchmark economic activity in target markets by tracking rents, sales, operating costs, competitive supply and economic expansion activity.
- Maintain good communication with vendor contacts to ensure dates and scopes are clear. Investigate and resolve or refer disputes in accordance with contractual requirements.
- Handle matters relating to time sensitive material and meet multiple deadlines. Inform project team of project status and issues that may impact timelines.
- Maintain database and/or central depository of all existing contracts. Oversee and maintain project files of legal and confidential nature.
Qualifications:
- Bachelor’s Degree, preferably Master’s Degree in real estate, business, public policy, architecture or city planning
- Minimum 1-2 years of relevant experience in real estate or finance
- Strong quantitative, analytical and financial modeling skills
- Strong MS Excel and PowerPoint skills are a prerequisite
- Organized and keen attention to detail with an ability to manage multiple deadlines, tasks and assignments
- A thoughtful analyst with strong intellectual curiosity and motivation to advance as an affordable housing professional
- Suitability to a fast-paced environment and an entrepreneurial culture that places a premium on performance
- Must be a team player but also a self-starter that can perform with limited direction
- Excellent written and verbal communication skills
Compensation
The anticipated base salary range for this position is listed below. In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives and a comprehensive benefits package.
Anticipated base salary range: $75,000 - $110,000
Actual base salary within the anticipated range will be determined by several components including, but not limited to, the individual's experience, skills, qualifications, and market factors.
To Apply
Candidates should submit a resume and cover letter. Incomplete applications will not be considered. No phone calls, please.
#TRC #Onsite #LI-RB1
Overview:
Company Overview
Related Companies is one of the largest and strongest privately-owned real estate firms in the United States. Formed 50 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida and boasts a team of approximately 4,000 professionals. Related’s existing portfolio of real estate assets consists of mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets.
Divisional Overview
Related California is a full-service real estate firm that has developed over 22,500 units of affordable and market-rate multifamily and mixed-use residential properties in California since its inception in 1989. Related California’s developments range from very low and moderate-income homes to high-rise luxury apartments, and all of our properties are designed, built and managed to the highest standards, regardless of the income level served. Related California prides itself on its track record of consistently developing best-in-class communities representing industry standards in design, construction, sustainability and property management.