Associate / Senior Associate, Strategic Initiatives & Investments

Extell Development Company

About Us:

Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of 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 five million square feet.

Overview:

Extell is seeking a high performing Senior Associate to support the Co-CEO in performing financial analysis for prospective and existing investments, market research and strategic initiatives, as well as handling various special projects. This is a high volume, fast paced, and demanding role appropriate for a self motivated professional with a strong work ethic, exceptional analytical capabilities, and the ability to perform under tight timelines while managing multiple priorities. The ideal candidate is a highly analytical real estate professional who combines strong technical skills with strategic thinking.

Key Responsibilities:

• Create and review detailed financial analyses utilizing Microsoft Excel and other programs as needed to evaluate prospective and existing investments.
• Update internal valuation and projection models for existing investments.
• Prepare investment presentation materials.
• Perform detailed market research on supply/demand fundamentals, economic trends, comparable sales and lease transactions, etc.
• Review and analyze financial performance of existing investments.
• Assist with evaluation and implementation of AI and technology tools to enhance analytical efficiency
• Manage multiple workstreams concurrently and deliver high quality output under tight deadlines

Qualifications:

• 2 to 4 years of experience in investment banking, real estate private equity, or development
• Advanced proficiency in Excel and financial modeling
• Strong experience with: 
  • Development and real estate underwriting models
  • Portfolio modeling and asset level analysis
  • Senior and mezzanine capital structures
  • Joint ventures, preferred equity, and complex equity waterfalls
  • Market analysis including supply, demand, absorption, and pricing
• Strong written and verbal communication skills; experience interfacing with senior leadership
• Exceptional work ethic, attention to detail, and ability to thrive in a high expectation environment
• Proven ability to handle significant workload and evolving priorities with professionalism and discretion

Compensation & Benefits:

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

• $200,000 - $250,000 salary
• Medical, Dental, and Vision Insurance
• Life and AD&D Insurance
• Short- and Long Term Disability
• 401(k)
• Paid Time Off
• Paid Holidays
• Employee Assistance Program

*Equal Opportunity Employer