Development Associate
$105,000–$120,000 year
HybridMcLean, Virginia, United States
Job Summary
Conduct market research, underwriting, and due diligence for development projects from inception through closeout. Build pro forma financial models in Excel, track budgets and schedules, and coordinate with contractors, consultants, and third-party vendors. Assist in preparing investment committee memoranda, managing vendor contracts, and obtaining entitlements and permits from local municipalities. Maintain project databases, document control, and data rooms while reviewing invoices and supporting site visits and public hearings. Requires Monday through Thursday on-site attendance at the McLean, VA Corporate Office, with Friday as a remote work day.
Required Qualifications
- Monday - Thursday on-site attendance at our McLean, VA Corporate Office
- Friday being a remote work day
- Bachelor's degree in Real Estate, Finance, Business, Urban Planning, Construction Management, Architecture, or related field
- 2 – 4 years of experience in commercial real estate, investment banking, or finance
Desired Qualifications
- Master's degree
- Experience with Argus Enterprise
- Solid understanding of real estate financial fundamentals (IRR, NPV, cap rates, debt coverage ratios)
- Strong proficiency in Microsoft Excel
- Excellent written and verbal communication skills
- High attention to detail and ability to manage multiple tasks simultaneously
- Self-starter with strong work ethic and willingness to learn in a fast-paced environment
- Familiarity with Yardi, MS Project and Bluebeam
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