Development Associate

We are an Equal Opportunity Employer. All on-site property management positions require criminal background screening. The nature of some of the duties outlined in the job description below involves access to the resident’s apartment homes and/or the resident’s personal and confidential information. We maintain a drug-free workplace. All property management positions require pre-employment drug screening. We also participate in E-VERIFY, a service of DHS and SSA, verifying the identity, and employment eligibility of all persons hired to work for the company.

Summary: The Development Associate will focus on evaluating new and current development opportunities and projects for Legacy Partners. This position requires the ability to manage multiple priorities with high flexibility and rapid response time and attention to detail, along with the ability to understand the big picture. This position will report to the Vice President of Development and will collaborate with acquisition and development team members and others within Legacy Partners.

Essential duties and responsibilities include the following. Other duties may be assigned.

• Assist the residential development/acquisitions team to achieve growth and financial profitability through acquisitions, investments, and development.
• Perform analyses and assist in recommendations concerning the due diligence process and monitoring of deals under review or under construction.
• Assist with due diligence activities related to acquisitions and development opportunities.
• Recommend deal structures, modifications, and follow-up steps to maximize earnings and cash flow.
• Coordinate and track all stages of project planning and development among design, finance, marketing, leasing, finance and construction to ensure project success.
• Assist with the work of architects and contractors, lenders, and equity partners.
• Monitors and updates proforma and budgets throughout the life of the project.
• Prepares staff reports, investor monthly updates, and other financial reporting

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below represent the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education/Experience: A Bachelor's Degree in finance or accounting is preferred. A minimum of 2-5 years of residential real estate financial analysis experience is preferred but not required. Education and related experience will be considered.

Language Ability: Ability to read and interpret documents in accounting as well as safety rules, operating and maintenance instructions, procedure manuals, and management agreements. Ability to write routine reports and correspondence. Ability to speak effectively with managers and customers or employees of the organization. Must have strong written and verbal communication skills.

Math and Analytical Ability: Ability to calculate figures and amounts such as Fee calculations – management fees, developer fees, construction management fees, depreciation, proportions, and percentages. Ability to apply concepts of basic math and algebra. Expertise in budgeting, forecasting, development of monthly, quarterly, and annual reports, performance measurements, acquisition, divestiture proforma, and other accounting analyses as needed.

Reasoning Ability: Ability to solve practical problems and deal with various concrete variables in situations where only limited standardization exists. Ability to interpret various instructions furnished in written, oral, diagram, or schedule form.

Computer Skills: Strong proven skills in Excel required, including financial modeling, charts and reporting,
Strong PowerPoint and other graphics programs are required for support with management presentations.

Certificates and Licenses: N/A

Supervisory Responsibilities: This position does not have Supervisory responsibilities.

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 essential functions. While performing the duties of this job, the employee is frequently required to be mobile and to talk or hear. The vision requirements include close vision and the ability to adjust focus.

This job description is not intended to be all–inclusive, and the employee will also perform other reasonably related business duties as assigned by immediate supervisor and other management as required.

This job description does not constitute a written or implied contract of employment.