Development Associate

Keller Augusta is a boutique search firm specializing in placements within the Commercial Real Estate Industry. Specifically, Keller Augusta focuses on Investment, Development, and Construction placements. Since its founding in 2001, Keller Augusta has successfully placed top quality candidates in virtually all areas of the Commercial Real Estate Industry and related sectors.

Our Client is looking for an Associate to support its real estate development team. The role offers an excellent opportunity to intimately learn about all facets of the commercial real estate development industry, including project management, finance, acquisitions, assemblage, land use, design, and marketing. The team is small, entrepreneurial, and collaborative, creating a fast-paced environment engendering quick but informed and pragmatic decision-making. The candidate will work directly with and support all members of the development team. The Associate is expected to learn quickly and contribute meaningfully from day one. It is anticipated that the Associate will grow organically within the company, becoming an integral member of the organization capable of running deals as a Project Manager.

* Underwrite and diligence a variety of real estate transactions with a strong focus on large scale ground up development. * Prepare and maintain complex pro forma cash flows. Independently construct and analyze financial models to evaluate a variety of properties and real estate deals by utilizing Excel spreadsheet models. * Assist in preparing offering memorandum packages used in the solicitation of Equity Investor commitments and Debt Financing (permanent and construction). * Help in preparation of bid packages and term sheets for new deals. * Participate in due diligence process. * Assist in project management and administration including processing monthly draw requests, leveling consultant bids, reviewing legal documents, and furnishing information, applications, and reports to public agencies, third parties, investors, and financiers. * Participate in project design and strategy meetings. * Prepare and update cash flow projections for each asset, using Excel, to support potential leasing, redevelopment, refinancing, and/or disposition scenarios. * Market Research: Conduct periodic comparable property sale and leasing studies and specific research to support investment decisions..

**Technical Requirements:** * BS/BA and strong academic record. * Minimum of 3 years of experience in real estate finance, banking, or development. Significant financial analysis and underwriting experience required; working knowledge of residential development properties preferred. * High level of proficiency in Microsoft Excel required. * Working knowledge of Accounting and Finance principles. * Experience analyzing commercial real estate development and value-add transactions including understanding of “waterfall” analysis for equity/promoted interest structures. * Knowledge of budgeting, underwriting, due diligence, asset and portfolio valuation, discounted cash flows, and analysis of financial statements are required. **Other Requirements:** * Strong interest in real estate development. * Excellent analytical and quantitative skills. * Results-oriented with strong attention to detail and ability to produce quality work in a consistent manner. Ability to present work in a concise, complete, and easily digestible manner. * Self-starter who has the ability to learn quickly, work independently and as a team member, and complete multiple tasks with minimal guidance in a fast-paced entrepreneurial environment. * Ability to prioritize and handle multiple tasks simultaneously, organize and coordinate work efficiently, set priorities, and meet deadlines in a demanding work environment.