Development Analyst

Simone Development Companies is a fully integrated private real estate investment and development company with over five decades of experience.  Simone Development Companies specializes in the acquisition and development of healthcare, mixed-use, commercial, industrial, retail and residential properties and boasts a portfolio of over six million square feet of real estate in the Bronx, Manhattan, Queens, Long Island, Westchester, Orange and Fairfield Counties and New Jersey.

Simone Development Companies is headquartered in the Bronx at the Hutchinson Metro Center and employs a team of more than 100 professionals focusing on acquisition, development, construction, finance, asset management, accounting, leasing and property management. The core principles that define the organization are a creative, disciplined and expert management team, a commitment to long-term ownership of its assets, and an unwavering pursuit of visionary development. 

DEVELOPMENT ANALYST JOB DESCRIPTION

Simone Development Companies seeks to hire an Analyst who will support the five member Development team. The Analyst will perform quantitative and qualitative analysis used to evaluate potential investment opportunities.  The Analyst will also assist with aspects of real estate development, including financing, entitlement and government approvals, consultant coordination, design, leasing, marketing, and construction oversight.

Key Responsibilities: 

• Create detailed, dynamic and complex financial underwriting models for new investment opportunities including modeling capital structures, direct cap and DCF valuations, debt sizing, purchase price and rent sensitivities.
• Compile, analyze and present market data
• Conduct property-level due diligence
• Track deliverables and reconcile invoices and project costs
• Review purchase and sale agreements, loan documents, leases, construction contracts and other documentation for new and existing investments
• Assist in all aspects of development management including planning, design, permitting and construction
• Work with in-house legal and leasing teams and third party consultants including land use attorneys, architects, engineers and contractors
• Assist in preparation of monthly reports and investment return analyses

• Effectively communicate relevant financial and project information to senior management

• Complete ad hoc requests

Qualifications

• BA/BS degree in finance, real estate, or related field
• 1-3 years of commercial real estate work experience in development, finance, banking, acquisitions or valuation
• Knowledge of the office, retail, industrial and multifamily markets.  Local knowledge of Bronx, Westchester, Orange, Nassau, Suffolk, Fairfield and Bergen counties is a plus.
• Strong quantitative, financial analysis and modeling skills and demonstrated analytical ability
• Advanced knowledge of Microsoft Excel and Argus Enterprise.
• Excellent written and verbal and communication skills
• Highly motivated, assertive and driven
• Keen attention to detail with ability to work on multiple projects simultaneously
• Able to prioritize, organize and manage multiple deadlines
• Self-starter with positive attitude and strong work ethic
• Ability to work effectively and independently in an entrepreneurial, fast moving, demanding, and dynamic environment