Development Analyst

Position: Analyst or Senior Analyst, Finance & Investments

Reporting: President and VP of Development.

Location: Orlando, FL or West Palm Beach, FL

COMPANY OVERVIEW

Hedrick Brothers Development is an entrepreneurial real estate company that acquires, develops, and builds apartment communities in Florida. Our Principals have developed and acquired more than 8,000 multi-family units over the past 10 years across Florida. The company has offices in West Palm Beach FL, Miami FL, Orlando FL and Melbourne FL. Our experienced and nimble team offers the expertise, track record, and connections of an established institutional organization with the unique level of attention and focus of an entrepreneurial company. We provide expertise in development, acquisitions, construction, and asset management.

JOB SUMMARY

We are currently seeking a highly motivated Analyst or Senior Analyst of Finance & Investments with a passion for commercial real estate. This position is responsible for supporting all capital markets functions and will be responsible for market analysis, underwriting and research for ground-up developments, acquisitions, and dispositions.

This position reports directly to the President and VP of Development.  Additionally, the position has significant interaction with other departments within the company. The Financial Analyst will be a key member of an engaged and dynamic team - part of the culture of delivering innovation and excellence.

JOB RESPONSIBILITIES

• Transaction Underwriting - analysis and assessment of development and acquisition projects which may include analysis of rent/opex levels, identification of new construction pipeline, assessment of sales comps, demographic study/analysis, real estate tax underwriting, etc.
• Financial Modeling – build out project-level financial models for apartment development and acquisition projects involving project budgeting, revenue/opex forecasting, capital structure modeling and return analysis, etc.
• Capital Markets – review of equity and debt term sheets, discuss modeling, research, due diligence and underwriting with capital providers, and monitor loan provisions and compliance with loan and equity reporting requirements, etc.
• Investment Package Preparation – create investment packages for all development and acquisition projects for presentation to equity and debt providers, create and update corporate presentations, etc.
• Asset Management – monitor, analyze and forecast lease-ups, revenue, expenses, liaise with third party providers (including property management), cash flow analysis, due diligence, etc.
• Dispositions/Miscellaneous – Perform analysis on dispositions and help coordinate due diligence and closing; Prepare ad-hoc analysis including modeling various waterfall structures/estimating asset value/modeling distributions/etc. Collaborate with development, construction, legal, leasing, and property management, and prepare ad hoc analysis to support decision making.

JOB REQUIREMENTS

• Bachelor’s degree - a concentration in Finance or Economics is preferred.
• 1 + years accounting, credit, asset management, investment or financing experience required, exposure to multifamily preferred.
• Excellent numerical aptitude with a sound understanding of NPV, IRR and TVM principles.
• Proficient financial modeling with advanced Microsoft Excel.
• Ability to work independently, under tight deadlines, self-starter with proactive nature.
• Strong writing, communication, and organizational skills; able to efficiently prioritize multiple tasks.
• Extremely detail-oriented and analytical; ability to problem solve and propose real-time solutions.
• Able to travel from time-to-time (but not extensively).