Job Description
Analyst – Real Estate Development 📍 Location: Dallas, TX
🏢 Department: Hospitality
🕒 Employment Type: Full-Time | In-Office
Position Overview: Are you passionate about shaping the future of real estate? Provident is on the lookout for a dynamic and motivated Real Estate Development Analyst to join our Hospitality Group's team in Dallas.
As an Analyst, you will work alongside a talented group of real estate development professionals who will provide learning experiences to enable you to continue to develop and grow a broad understanding of the commercial real estate development experience. This individual will play a vital role in Provident’s development and acquisition projects throughout the Southeast. The ideal candidate be a captain of industry, with a strong desire to help drive projects across the finish line and be a large contributor to the company’s overall success. .
Key Responsibilities: - Perform financial analysis of acquisitions and development opportunities via financial modeling, analysis of cash flows, and application of various valuation methods using Excel.
- Managing the assemblage of debt and equity material for offering memorandums between team-members.
- Assist with the due diligence process associated with acquisitions by performing document control, reading related legal documents and producing abstracts, tracking critical timelines, creating project GANNT charts, tracking down inputs and verifying projections with third parties, and other duties as assigned.
- Participate in the asset management of existing properties including participating in weekly operating calls, market research, contract management, renewals, and administration of operator and brand requirements.
- Assist in the production of quarterly investor reports for various assets/portfolios.
- Prepare presentation materials and proposals for presentation to senior management.
- Familiarity with current real estate and industry trends. Analyze and interpret various data and trends to draw hypothesis on the trajectory of markets, lenders, investors, brands, employers, etc. to “be ahead of the curve”.
- Participate in the management of acquisition and development projects, including feasibility analysis, entitlement processes, financing, design, contracting, and construction management.
- Reviewing draws and managing a contract to the actual cost schedule to ensure vendors remain within budget.
- Participate in Owner, Architect, Contractor meetings, producing minutes for the team.
- Reviewing LOIs, term sheets, and all legal documentation related to investments.
- Other duties, as assigned.
Qualifications: - Bachelor's Degree in Finance, Accounting, Real Estate, or related field.
- 2 years of full-time, or 1 year full-time with additional summer internships, of related experience working within the real estate principal side, or similar. brokerage/ finance/underwriting role . Emphasis will be given to those with prior experience participating in the acquisition and/or development responsibilities of hotels.
- High aptitude for underwriting and financial analysis, especially modeling, and capable of handling complex valuation and troubleshooting techniques.
- Excellent written, verbal, and presentation skills.
- Someone with natural curiosity, humility, and tenacity necessary to get the job done.
- Ability to initiate and maintain professional and cooperative working relationships with team members, government agencies, consultants, lenders, investors, and other parties involved in the projects.
- Strong analytical and problem-solving skills; ability to identify and present solutions to issues before they become a problem.
- Ability to show ownership of your work, take on challenges and acknowledge growth opportunities, and demonstrate patience when learning new processes.
- Organized, extremely detail-oriented, and thorough.
- Resourceful, out-of-the-box thinker who is eager to contribute to project success.
- Successfully manage a variety of tasks within a defined timeframe, with an ability to adapt to changes in priorities and strategy.
- Demonstrate strong initiative and ability to work independently with minimal oversight.
- High level of proficiency in Microsoft Excel competency.
- Local candidates PREFERRED. No relocation assistance will be provided for this role.
Company Description: Since its inception in 1991, Provident has developed over $10 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.
Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $2.9 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, retail, office, mixed-use, and data centers across the United States.
Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm, that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces.
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Equal Opportunity Employer Statement
Provident is an equal opportunity employer and is committed to fostering a diverse and inclusive workplace. We consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, or any other legally protected status.
Reasonable Accommodation If you require a reasonable accommodation to complete any part of the application process or to perform the essential functions of the position, please contact us at careers@providentrealty.net and let us know the nature of your request.
Recruitment Fraud Notice Please be aware of recruitment scams. Provident will never request personal financial information or payment at any stage of the hiring process. All legitimate communication will come from an official Provident email address.
Job Tags
Full time, Contract work, For contractors, Summer internship, Work at office, Local area, Relocation, Shift work,