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We are looking for a skilled Development Project Analyst to join our team in Virginia Beach, Virginia. In this role, you will provide critical financial and project support for commercial development initiatives, ensuring they are executed efficiently and align with organizational goals. You will play a key part in conducting market research, preparing financial models, and ensuring project progress is tracked and reported accurately.
Job Responsibility:
Build and maintain comprehensive financial models, including proformas, cash flow projections, and sensitivity analyses, for commercial development projects
Update financial models to reflect changes in costs, financing terms, market trends, and project timelines
Conduct feasibility studies and scenario analyses using metrics such as development yield, cash-on-cash returns, and debt service coverage ratios
Perform market research to gather data on rental rates, comparable sales, land costs, and absorption rate projections
Support due diligence efforts by compiling property data, reviewing zoning regulations, and coordinating with external consultants
Monitor project invoices and reconcile construction draws to ensure compliance with contract terms
Track and report on project costs, budgets, and cash flow requirements, providing variance analyses when needed
Organize and participate in project meetings and site visits, preparing detailed notes and documentation
Create detailed development reports and presentations to communicate project status, budget updates, and key findings to stakeholders
Coordinate with Asset Management teams to facilitate project turnover, including operating budgets and warranty documentation
Requirements:
At least 3 years of experience in project analysis or a related role
Proficiency in financial modeling and data manipulation for development projects
Strong knowledge of construction cost management, project budgeting, and forecasting
Experience managing project plans, risks, and schedules effectively
Ability to conduct detailed market research and due diligence for real estate projects
Excellent organizational skills to maintain accurate project documentation and files
Strong communication skills for preparing presentations and collaborating with stakeholders
Familiarity with deal execution processes and property rezoning procedures
What we offer:
Medical, vision, dental, and life and disability insurance