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Development Intern

Salary
Competitive
Employment
Internship
Work Place
Office
Real Estate Field
Location
Clifton, NJ
 NJ
Postal Code
07011
Country
United States

This job is no longer active.

Description


Job Summary

The three-month Development Intern program will immerse the Intern in a rigorous curriculum to improve underwriting, market research and presentation skills. Applicants should have a strong interest in Real Estate Development. Interns will have dedicated time with the ELT for performance feedback. The fast-paced and entrepreneurial environment will present many opportunities to test critical thinking and ability to pivot.

Essential Functions:

  • Market Research
    • Improve development team’s current market research process
    • Create a heat map to track active developments and available land
    • Tour cities/sites for real-time market data
    • Perform rental & sales comp studies
  • Financial Modeling in Excel
    • Underwrite a case study put together by the Development Team
    • Learn the assumptions necessary for a robust underwriting
  • Development Process
    • Produce a Gantt chart with the key tasks of the development process
  • Final Presentation
    • Present your final market research and feasibility underwriting


Education and Experience:

  • Interested in a Real Estate career
  • Rising Junior or higher
  • Concentration in Real Estate preferred


Knowledge, Skills & Abilities:

  • Excellent verbal and written communication
  • Ability to collaborate effectively and reach common goals with colleagues at all levels of the organization
  • Critical thinking and complex problem solving
  • Self-directed, takes initiative to establish and/or modify processes when needed
  • Computer literate including the use of Outlook 365, the Microsoft Office Suite, SharePoint, the internet, and other software programs as required
  • 1 year of Excel experience, strong analytical and financial modeling skills
  • Detail oriented with a commitment to a high quality work product
  • Strong organizational skills - ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment
  • Ability to think independently and present viewpoints in a thoughtful and professional manner
  • Ability to pivot and work in the unknown



Blue Onyx is committed to a policy of Equal Employment Opportunity with respect to all employees, interns, and applicants for employment. Consistent with this commitment, our policy is to comply with all applicable federal, state, and local laws concerning employment discrimination. Accordingly, the Company prohibits discrimination against qualified employees, interns and applicants in all aspects of employment including, but not limited to: recruitment, interviewing, hiring (or failure or refusal to hire), evaluation, compensation, promotion, job assignment, transfer, demotion, training, leaves of absence, layoff, benefits, use of facilities, working conditions, termination and employer-sponsored activities and programs, including wellness, social and recreational programs. Employment decisions will be made without regard to an applicant’s, employee’s, or intern’s actual or perceived: race, color, religion, sex (including pregnancy, gender identity, and sexual orientation), national origin, age (40 or older), disability, genetic information, or any other status protected by law.

 

Job Sector


 

Experience


Not Specified


This job is no longer active.

Development Residential Clifton, NJ Internship NJ Development, Research/Market Analysis, Underwriting Development Intern other