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The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which w…
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Philadelphia, Pennsylvania, United States · On-site
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$80k–$90k/yr
Full-time
bachelor degree, postgraduate degree
Posted 2d ago
Apply by Sep 8
~40 hrs/week
Responsibilities
The Associate Developer supports the development team by managing project financial modeling, budgets, and schedules from inception through construction. They are responsible for coordinating with external partners, preparing professional presentations, and ensuring the timely execution of land-development approvals.
Requirements
Candidates must hold a Bachelor's degree in Finance, Real Estate, or Business, along with at least 3 years of relevant work experience or a Master's degree. Proficiency in financial analysis, project documentation, and Microsoft Office is required, as well as a valid driver's license and the ability to travel.
Full job description
Overview
This position assumes exposure to and participation in all aspects of multi-faceted real estate development projects – both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for timely and accurate support to an in-house team of Developers, Senior Developers and Regional Vice Presidents. This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication.
This position will sit in the Philadelphia office but will support 100% with Carribean Development projects.
Pay range:$80,000 - $90,000/year + bonus depending on experience.
#IND123
Responsibilities
Financial modeling to determine the economic feasibility of a project
Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQs
Participation in building strong public private partnerships
Working with municipalities to ensure good communication
Preparation of professional Powerpoint presentations for both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups that could be potentially skeptical and occasionally adverse
Timely follow-up of land-development approval process
Coordination of legal matters as directed by the Team Leader
Working knowledge of all site-control documentation, loan agreements, equity documents, and partnership agreements
Coordination of architectural and engineering matters under the direction of the Team Leader for proposed developments
Creation of realistic project schedules
Development of realistic project budgets
Interfacing with contractors and other professionals to build proposed developments
In-depth involvement in coordinating the lease-up of completed developments with full flow of information concerning limiting criteria
Maintenance of calendars
Scheduling and coordinating the logistics for all development meetings
Complying with all provisions of the Pennrose Properties personnel policies
Qualifications
Performance Metrics :
Work product including components of RFPs submissions, 8609 submissions, NPDS, funding applications, draw down packages and other project related documents is prepared with high level of accuracy, attention to detail and delivered on a timely basis.
Demonstrated financial skills through the production of budgets and proformas for throughout the development process.
Project development goals are met within established timeframes.
Organized and systematic management of project development checklists, scheduled (employing technology tools) to close within established time and within the budget.
Required Education and Experience:
BA or BS in Finance, Real Estate, Business or related field is required
Master’s Degree or at least 3 years of work experience is required
Solid real-estate knowledge base
Strong analytical ability
Exceptional verbal and written communication skills
Expertise in composing on-message PowerPoint presentations
Considerable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful
Discretion in handling confidential information
Demonstrated organizational skills, including the ability to set priorities in concert with the development team
Ability to work independently
Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership
Demonstrated understanding of project proformas for both market-rate and public housing developments
Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources
Proficiency in Outlook, Microsoft Office including Word and Excel
Demonstrated punctuality and respect for other’s time
Accuracy – with an attention to detail - and speed in task execution
Strong work ethic and exceptionally high work standards
Maturity, good judgment and professionalism
Requires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)
Working Conditions:
Ability to work periodic flexible hours is required. Ability to travel by plane and automobile is required.
Ability to work at property locations within or near transitional neighborhoods – again with the support of PMC.
Ability to climb stairs, take elevators, bend, squat and reach over head.
Related keywords
Real Estate DevelopmentFinancial ModelingEconomic FeasibilityRFPRFQPublic Private PartnershipsPowerPointLand-developmentLoan AgreementsPartnership AgreementsProject SchedulesProject BudgetsLease-upLow Income Housing Tax CreditsFederal Home Loan BankAffordable Housing
For over 50 years, Pennrose has combined quality development and proven management to create great lifestyles for our residents. We are committed to developing exceptional properties, constructed with quality materials, designed with features and amenities residents really want, and managed by a well-trained and dedicated staff.
As a nationally recognized developer of affordable, mixed-use, mixed-income, market-rate and master-planned communities, we believe in fostering neighborhoods that sustain future generations. Our dedication to partnering with host communities ensures that our developments are tailor-made - not standardized, one-size-fits-all solutions.
Our approach to management and the commitment we have to our residents, investors, and personnel we serve and work with, set us apart from other multi-family property management companies. We deliver the highest quality housing with a superior level of customer service to establish an enduring sense of community.
We bring it all together to provide quality development, proven management, and great lifestyles.
Offices: 1301 N 31st St, Philadelphia, PA 19121, US · 50 Milk Street, 16th Floor, Boston, MA 02109, US · 45 Main St., Suite 539, Brooklyn, NY 11201, US · 1501 St. Paul Street, Suite 118, Baltimore, MD 21202, US · 1435 Vine Street, Suite 406, Cincinnati, OH 45202, US
Real Estate Development and Residential Property ManagementLeasingConstructionResidentialRental PropertyCommercial Real EstateProfessional ServicesProperty ManagementReal EstateProperty Development
How many Finance & Accounting jobs are open in Philadelphia, PA right now?
There are currently 1,311 open finance & accounting positions in Philadelphia, PA listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Finance & Accounting roles in Philadelphia, PA?
Companies currently hiring include H&R Block, Chubb Life Hong Kong, JPMorganChase, PNC, Symmetry Financial Group, among others. Browse the listings above to see every active employer.
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