Job summary
Job post source
This job is directly from Related Companies
Job overview
The Senior Development Associate at Related Companies supports the affordable housing development team, playing a key role in project entitlements, financial analysis, and construction oversight, contributing significantly to affordable housing projects.
Responsibilities and impact
The role involves supporting senior executives in development processes, managing financing, entitlements, consultant coordination, financial analysis, preparing business plans, compiling funding applications, assisting in closings, coordinating budgets and cash flows, conducting market research, minimizing project risks, and communicating project information.
Compensation and benefits
The position offers a salary range of $95,000 to $125,000 per year with an annual performance-based bonus, and emphasizes competitive total compensation aligned with experience and market standards.
Experience and skills
Candidates should have 3 to 6 years of relevant experience, preferably in affordable housing, a Bachelor's or Master's degree in related fields, strong quantitative and project management skills, proficiency in MS Office and preferably Adobe Suite, intellectual curiosity, attention to detail, and strong communication skills.
Career development
The position offers significant professional growth and exposure to all aspects of affordable housing development, fostering an entrepreneurial culture and encouraging employees to take on new challenges and innovate.
Work environment and culture
Related Companies values diversity, teamwork, entrepreneurial spirit, and innovation, fostering a positive environment where every voice is valued and employees are encouraged to transcend the status quo.
Company information
Related Companies, founded in 1972, is a leading privately-owned real estate firm with a $60 billion portfolio including Hudson Yards, with a strong presence in California through Related California focusing on multifamily and mixed-use developments.
Team overview
The candidate will join the affordable housing development team at Related California, supporting senior leadership and collaborating with various stakeholders across multiple projects in California.
Job location and travel
This position is based in Irvine/Los Angeles, California, with some travel to external project-related meetings as needed.
Unique job features
The role is distinguished by its comprehensive involvement in affordable housing development, including tax credit applications, financial modeling, and exposure to a wide range of development stages, offering a unique opportunity for growth in a major real estate firm.
Company overview
Related Companies, L.P. is a prominent American real estate firm headquartered in New York City, with additional offices across the United States, including West Palm Beach and Boston. Founded in 1972 by Stephen M. Ross, the company focuses on real estate development, investment, and management. It is known for its innovative approach to real estate and is the largest privately-owned real estate firm in the U.S. Related Companies operates various subsidiaries, including Related Beal in Boston, which specializes in development and investment opportunities in the greater Boston area. The company is also committed to affordable housing, aiming to preserve affordability while enhancing community living standards.
How to land this job
Position your resume to highlight your experience supporting multifaceted affordable housing development projects, focusing on entitlements, financial modeling, and construction oversight as emphasized in the job description.
Emphasize your proficiency with financial analysis, tax credit applications, deal memo preparation, and project management skills, along with strong quantitative abilities and mastery of MS Excel, Word, PowerPoint, and Project tools.
Apply through multiple channels including Related Companies' official corporate careers page and LinkedIn job postings to maximize your visibility to recruiters and hiring managers.
Connect with professionals in the affordable housing or development divisions at Related Companies on LinkedIn; start conversations by referencing recent projects Related has completed, asking about their experience with affordable housing tax credit processes, or expressing enthusiasm about their impact on community development.
Optimize your resume for ATS by incorporating keywords such as 'affordable housing development,' 'financial analysis,' 'tax credit applications,' 'project management,' 'deal memorandums,' and 'due diligence' to ensure it passes initial automated screenings.
Utilize Jennie Johnson's Power Apply feature to automate tailored applications, identify multiple relevant application portals, and discover LinkedIn contacts for networking, allowing you to focus your energy on preparing for interviews and professional growth.
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