The Neighborhood Development Company is seeking an Associate with expertise in all stages of the development and finance cycle with an emphasis on predevelopment. The candidate will be responsible for assisting in the management of consultants, General Contractors, and other third-party contractors. Other responsibilities include monitoring budgets, ensuring compliance, and a host of other tasks associated with successful delivery of projects. Associates generally own three critical project assets: schedule (Project), development model (Excel) and process. The successful candidate will be highly organized, detail oriented, self-motivated, and capable of effectively responding to changing workloads and priorities. Preferred candidates have experience with and a passion for affordable housing. This is NOT an ideal position for a leasing agent, broker or community manager to transition to a development career. This opportunity might work for a finance and modeling professional seeking to switch to a real estate career.
Primary responsibilities include:
· Develop and maintain acquisition and development pro forma and budgets for multiple projects
· Understand and optimize all of the key variables of the project pro forma model for internal as well as capital markets use
· Work in multiple financial models and provide input & recommendations to ownership to maximize return on investment
· Assist with management of multiple projects at different phases of development simultaneously to ensure timely completion
· Represent NDC in a variety of forums including Advisory Neighborhood Commissions, industry events and DC/MD/VA organizations such as the Housing Authority and DC Council
· Budget management, forecasting, fiscal documentation and management
· Planning, scheduling and tracking of project timelines and progress
· Assist with vendor selection, vendor management, invoice approvals, loan draws and contract management
· Other duties as needed
Expert level user of MS Excel (e.g vlookup, sumifs, keyboard shortcuts)
· Proficiency in the rest of the MS Office Suite
· Familiarity with cloud services such as Dropbox
· Experience with Microsoft Project and scheduling
· Passion for housing and development
· Demonstrate creativity, courage, leadership and problem-solving skills
· Excellent time and project management skills
· Positive attitude and willingness to take on new challenges and increasing responsibilities
· Ability to read and interpret architectural and engineering construction documents
· Ability to operate in a deadline driven environment
· Exceptional “follow up” abilities
Education and/or Experience
· Bachelor's degree (B.S. in Real Estate Finance, Finance, Investment Banking, Real Estate Development and/or Urban Planning) from four-year College or university preferred.
· At least 2 years of experience in real estate finance or development