Development Associate

Job Summary:

The Development Associate will drive decision making across all aspects of real estate development including financial analysis and modeling. The Development Associate will develop hypotheses and drive analytics to provide recommendations. A key responsibility will be to streamline complex concepts and scenarios into clear and concise takeaways for presentations to affiliated business units, corporate clients and senior management.

The Development Associate plays a critical role in evaluating real estate investment and development opportunities and refining development strategies. The Development Associate is a member of the Development team and works closely with the design, construction and finance teams to help drive data-informed decision making across a wide range of real estate matters.

Key Responsibilities:

• Drive a broad range of development activities including feasibility, underwriting and financing.
• Distill intricate concepts and detailed situations into clear takeaways.
• Create detailed financial models to assess project viability, ROI, and risk profiles.
• Develop presentations and memoranda for senior-leadership, stakeholders and capital partners.
• Support due diligence processes for acquisitions and new development projects.
• Provide financial insight and recommendations to senior leadership to support decision-making.
• Conduct detailed financial analysis and performance reviews to identify trends, risks, and opportunities.
• Analyze the profitability of various products, markets, and business segments to guide operational decisions.
• Collaborate with other departments, including operations, marketing, and sales, to support company objectives.
• Participate in client meetings, interact with senior-level management and collaborate with cross-functional teams including design, construction, and asset management.
• Leverage AI and emerging technologies to improve the speed, quality, and depth of research, underwriting, scenario analysis, development strategy, and executive communication, while independently validating outputs and applying sound business judgment.

Required Knowledge, Skills and Abilities:

• Bachelor’s degree in business administration, real estate, finance, economics, or related field.
• A minimum of 2 years of professional experience in management consulting, corporate finance, investment banking, private equity or real estate.
• Strong written, presentation and verbal communication abilities with great attention to detail.
• Sophisticated understanding of real estate metrics and methodologies (IRR, NPV).
• Strong financial modeling skills with experience in the development of proformas and cash flow analysis.
• Exceptional time management and prioritization skills are required to succeed in a fast-paced environment, managing multiple projects with significant responsibilities and competing priorities.
• Excellent communication and interpersonal skills.
• Excellent analytical and problem-solving capabilities.
• Proficiency in Microsoft Office applications, including Word, Excel, PowerPoint, Outlook, and Teams, as well as Microsoft Copilot and other approved AI-enabled productivity tools.

Preferred Knowledge, Skills and Abilities:

• MBA preferred.
• Understanding of real estate market dynamics and development processes.
• Experience with public financing incentive programs such as LIHTC and Brownfield TIF’s.

The physical demands and work environment characteristics described here are representative of those a colleague encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The above is intended to describe the essential job functions, the general supplemental functions and the essential requirements for the performance of this job.  It is not to be construed as an exhaustive statement of all supplemental duties, responsibilities or nonessential requirements.  Olympia Development has the right to change, modify, suspend, interrupt or cancel in whole or in part any job functions outlined in a job description at any time and without advance notice to the employee.

All items listed above are illustrative and not comprehensive.  They are not contractual in nature and are subject to change at the discretion of Olympia Development of Michigan.

Olympia Development of Michigan is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regards to that individual’s race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender identity, age, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.                  

                
The Company will strive to provide reasonable accommodations to permit qualified applicants who have a need for an accommodation to participate in the hiring process (e.g., accommodations for a job interview) if so requested.