Development Analyst

Extell Development Company

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-five million square feet.

Summary of Responsibilities:

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

Essential Functions:

• Assist in the design of early-stage potential projects and produce conceptual architectural drawings, feasibility analysis and presentations.
• Production of three-dimensional digital architecture models for zoning, massing, and urban analysis of early-stage real estate development projects.
• Review and analyze local land use and zoning laws for potential new development buildings to study the highest and best potential building massing and envelope.
• Oversee and coordinate design drawings and construction documentation production alongside the architectural team, structural engineers, MEP engineers, façade consultants and zoning consultants.
• Review design drawings and architectural details to ensure they are designed efficiently for optimal functionality and constructability. If any issues or challenges are identified to propose creative solutions to produce a better designed project.
• Review and ensure the architectural drawings are code compliant prior to filing for new building permit in coordination with expeditor consultant.
• Assist in the supervision of contractor and subcontractor on-site work to guarantee the execution is according to the plans approved by city agencies.
• Coordinate with NYC authorities such as DOB, DOT, City Planning, Parks, DOF, for applications and filing along the life of the real estate asset.
• Assists and supports the development team with property entitlement, permitting, and project management to complete projects on time and on budget
• Manages 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
• Prepares acquisition/debt/equity offering memos as required for the development team
• Facilitates and supports the development team in various analytical tasks related to project execution
• Assists with building and maintaining pro forma models to evaluate feasibility and performance of development projects
• Assists with performance tracking and reporting for the project development activities
• Reviews and prepares internal memorandums to provide updates and information regarding development matters to the Vice President or Senior Vice President
• Reviews and assists in the approval of vendor invoicing against contracts performance
• Perform real estate market research and facilitate support for new ventures
• Perform other duties as assigned by the manager

Competencies:

• Excellent communication skills, both verbal and written
• Excellent financial modeling skills
• Strong organization and time management skills
• Able to analyze, evaluate and move quickly to support rapid decision making
• Ability to recognize and escalate appropriate issues, tasks, responsibilities, and requests
• Ability to work as part of a team in an entrepreneurial environment

Education / Experience Requirements:

• Bachelor’s degree in architecture, finance, or similar from an accredited university or college required
• Master’s degree in real estate development preferred
• Prior relevant experience in real estate development or investment, business management, architecture or similar
• Knowledge of general workflow and processes for the construction of buildings
• General knowledge of budgets, cost reports and accounting terms
• Excellent knowledge of MS Office (Excel, Word, Outlook)

Compensation & Benefits:

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

• Annualized Salary: $90,000 - $120,000
• 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