Our client is the premier anaerobic digester developer/owner/operator in the United States. Their closed-loop anaerobic digestion process converts organic waste into green electricity or renewable natural gas as well as other related “value added” products. They are headquartered in MA, funded by institutional capital partners and currently, have projects operating and in development in 13 states. They have a plan to aggressively expand into other domestic markets.
Our client seeks a Development Associate to support development finance and project management initiatives. Reporting to the Development Manager and VP of Development, the Development Associate will be engaged in tasks ranging from financial analysis on potential and existing development projects to construction and permitting support.
Roles and Responsibilities include:
Analytical
- Maintain complex acquisition and development models for all projects
- Collect and integrate project data and underwriting assumptions, including construction cash flow requirements, operating income and expense projections and financing assumptions for project proformas
- Maintain project budgets and schedules and report on variances
- Prepare reports for senior management on development progress and critical decision points
- Assist in origination, underwriting and due diligence of acquisition and investment transactions
- Assist in management of the development process and interact with venture partner(s) representatives regarding specific project issues.
Additional responsibilities include, but are not limited to:
- Participate in a variety of aspects related to the financing, permitting and programming of digester development projects.
- During all phases of a project, work closely with the Development Manager and other development team members, including accounting, to assist both in the approval of invoices and the development of projected financial summaries.
- Attend weekly team meetings to detail project progress and outline critical issues
- Collaborate with senior leadership on submittals to banking institutions and capital partners for procurement of loans and financing
- Assist in the preparation and ongoing execution of the national business plan for development projects
- Assist Development team in communication with and submittals to governmental jurisdictions on entitlement and zoning-related matters
- Support the development team on current initiatives and new business development
- Work closely with investment team and outside capital partners
- Provide monthly and quarterly reports, each customized for leadership and investors
- Other duties as required, including travel.
Qualifications:
- Minimum of 3-5 years’ experience in a related field
- Commercial real estate underwriting, permitting and project management experience preferred
- Comprehensive understanding of real estate development deal structure and lifecycle
- Highly organized with a strong attention to detail
- Ability to handle multiple tasks with strong analytical and organizational skills
- Strong proficiency with Excel, PowerPoint, and Word.
- Ability to manage financial models
- Strong written and verbal communication skills
- Team player with excellent interpersonal skills
- BA/BS degree required
Email ehedeman@vanguardrenewables.com with any interest.