Supports management in formulating asset strategies and evaluating projects from both financial and non-financial perspectives (primarily industrial and multi-family development).
Responsibilities include: conducting due diligence utilizing financial models, real estate documents, investment criteria, and other relevant information to effectively evaluate RGDC development project feasibility; supporting the analysis, reporting and presentation needs of the development team; participating in formulating and negotiating agreements with partner/investors and other appropriate individuals; assisting in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects.
Summary of Key Duties and Responsibilities:
Formulates and implements financial analyses of projects and of proposed asset sales
Prepares, updates and maintains financial models related to real estate transactions
Conducts ROI analysis, including cashflows, IRR’s, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties
Coordinates with Rockefeller Group and RGDC corporate departments to collect market, economic and financial data, prepare budgets, project financials, and determine financing options. Departments include Development Accounting, Business Analysis, Treasury, Legal and Tax
Participates in formulating agreements with partner/investors and other appropriate individuals
Reads proposals and analyzes major lease and sale transactions
Develops, updates and evaluates operating expense, cash flow, and income projections against established budgets and operating proformas
Assists the Development Accounting team in monitoring development cost performance
Gathers and evaluates economic, demographic and real estate market data
Assists in the review of leases, purchase & sale agreements, legal documents, other materials and also meets with jurisdictional parties as part of the underwriting and due diligence process
Assembles and summarizes data and provides recommendations to management
Assists in developing proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
Works with real estate and construction colleagues regionally and nationally to develop and evaluate strategic opportunities for the Rockefeller Group's development portfolio
Develops, drafts, and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies and lease transactions
Analyzes variances of forecasted and actual results to determine accuracy of projections and financial status of projects
Recognizes and informs management of business issues and opportunities which may affect project facilitation
Produces and delivers oral and written presentations accurately and effectively.
Updates job knowledge through reading publications, participating in professional organizations, and attending formal and informal training as appropriate
Performs other duties as assigned
Experience / Knowledge / Skills Requirements:
Minimum of 3-5 years of work experience within related work areas
Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience preferred
Fundamental understanding of real estate development, operations and/or prior experience with lease, loan, financing and/or partnership agreement documents required
Ability to track and analyze information to formulate appropriate recommendations
Excellent skills utilizing Excel, Word, Access or other relational databases and PowerPoint or other presentation software
Basic knowledge of ARGUS (or equivalent real estate cash flow modeling software) preferred
Excellent analytical skills and strong written and verbal communication skills
Independent and team project management skills required
Rockefeller Group is one of the most trusted names in real estate – a leading developer, owner and operator, known for pioneering large-scale urban mixed-use development.
We take pride in being innovative, positive and passionate about everything we do, promoting a culture of confidence and encouraging our employees to take intelligent risks. We constantly look for new ways to collaborate and strengthen the bonds between employees and the company, one another, and with clients, partners and the greater community. This spirit challenges us to live up to our mission and makes Rockefeller Group a truly special place to work.
Rockefeller Group was named a Best Place to Work in 2020 by Crain's New York Business. When our employees are at their best, so is Rockefeller Group. That’s why we provide competitive compensation, attractive benefits and a healthy work/life balance.
Rockefeller Group International, Inc. and its subsidiaries are equal opportunity employers and comply with all federal, state and local equal employment opportunity laws. Our aim is to continue to recruit and retain a diverse workforce that promotes inclusiveness and emphasizes individual initiative, co...ntinuous improvement and teamwork to deliver the highest quality real estate and services throughout the United States.