- Location
- GA - Atlanta, United States of America
- Type
- Full-time
- Seniority
- Entry
- Source
- Workday
Description
Our people make all the difference in our success. We value innovation, teamwork and collaboration, and welcome passionate, results-oriented professionals to apply for our open positions.
General Summary:
Supports management in the following areas: identifying and acquiring ground-up development opportunities, evaluating projects, supporting ongoing development initiatives and supporting ongoing regional operations and business needs.
Summary of Key Duties and Responsibilities:
Acquisitions & Investments:
- Conducts market research and analyzes trends across each of the region’s core product types and markets, and presents findings to senior team members to identify new opportunities
- Performs ROI analysis, including cash flows, IRRs, waterfalls, etc., for potential acquisitions of new properties for development, redevelopment or expansion of current properties. Additionally, supports senior-level team members in evaluating exit opportunities once a project has achieved the forecasted business plan
- Spearheads the collection of due diligence materials to evaluate site feasibility. Assists in the review of purchase & sale agreements, legal documents and other materials
- Assists with drafting investment committee materials and business plans for new acquisitions and ongoing development projects
Development Execution:
- Assists in the analysis of prospective tenant leases, project financing, joint ventures, property management and other special projects/transactions
- Supports preparation of debt and equity offering memoranda for projects
- Drafts, updates and evaluates operating expense, cash flow and income projections against established budgets and operating proformas
- Observes ongoing construction meetings with contractors, architects, and project engineers
- Coordinates with Development Accounting team to manage the loan draw process
Ongoing Regional Operations:
- Coordinates with internal departments including Design and Construction, Accounting, Business Analysis, Treasury, Legal and Tax to collect market, economic, and financial data. Works closely with these departments to prepare budgets, project financials and determine financing options
- Assists the Development Accounting team in monitoring development cost performance
- Assists in the development of proposed annual and long-range operating and capital expenditure budgets and plans for RGDC and RGDC projects
- Works with real estate and construction colleagues regionally and nationally to develop and evaluate strategic opportunities for Rockefeller Group's development portfolio
- Develops, drafts and prepares reports and presentations to support RGDC's corporate asset strategy and real estate initiatives, strategic studies and lease transactions
- Maintains a regional market database for product types applicable to the region including office, multifamily and industrial. Reviews and makes recommendations based on changes in market fundamentals, supply pipelines and shifts in micro and macro economic conditions
- Analyzes variances of forecasted and actual results to determine the accuracy of projections and the financial status of projects
- Anticipates, recognizes, and informs management of business issues and opportunities that may affect project facilitation
- Prepares weekly and quarterly internal and external project reporting
- Performs other ad hoc duties and special projects as assigned
Education Requirements:
- Bachelor’s Degree required, with preferred field of education in business, real estate, economics, architecture, engineering and/or finance.
Experience / Knowledge / Skills Requirements:
- 0-2 years of experience in real estate development, finance, capital markets, brokerage, or related field, including internships. If entry level, prior internship in related field strongly preferred.
- Working knowledge of financial statements, investments and/or taxes required; and prior IRR, NPV, budget preparation, scenario analysis/proformas experience required
- Fundamental understanding of real estate development, operations and/or prior experience with lease, financing and/or partnership agreement documents required
- Excellent analytical skillset, displays leadership potential/qualities and is proficient in their written and verbal communication
- Proficiency in Excel, Word, and PowerPoint; working knowledge of ARGUS preferred
- Displays strong attention to detail, is able to multitask and can be effective in unfamiliar situations
- Ability to work in a fast-paced, multifaceted environment and demonstrate the ability to balance competing priorities while meeting established deadlines
- Demonstrates compelling problem-solving abilities and has an eagerness to grow within the role
- Willingness to travel up to 10%-15% to current and potential project sites during the due diligence process and development execution
Rockefeller Group offers a competitive benefits package. Please click here to view a comprehensive list of benefits.
The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised periodically to meet the changing needs of the Company at the sole discretion of management. Position responsibilities are subject to change, consistent with business needs. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions unless this causes undue hardship to the Company.
Rockefeller Group International, Inc. and its subsidiaries are equal opportunity employers and comply with all federal, state and local equal employment opportunity laws. Our aim is to continue to recruit and retain a diverse workforce that promotes inclusiveness and emphasizes individual initiative, continuous improvement and teamwork to deliver the highest quality real estate and services throughout the United States.