Analyst
 JLL | |
 United States, Maryland, Bethesda | |
 Nov 19, 2024 | |
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Responsible for oversight of development and construction activity for a variety of asset classes on behalf of clients and discretionary funds. The successful candidate will work closely with Investment and Asset Management teams to support due diligence, closing, and successful completion of new investments.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. Project Management: The Analyst will assist in the management of development projects in cooperation with joint venture developer partners or fee developers. The Analyst will work with third-party construction consultants and in-house accounting to ensure the timely funding and successful completion of all aspects of the development, including: * Support design development, pre-construction, and value engineering process with developer, architect, and contractors to ensure functional designs that meet market demand and which can be constructed within budget and schedule. * Review developer's proposed bidders and bid packages, review construction bids, review general contractor qualifications, review construction contract with advice from legal counsel, and ensure appropriate bonding and insurance coverage, in conjunction with construction and insurance consultants. * Attend progress meetings and monitor construction progress to ensure compliance with project budget, schedule and quality standards of client and insurance carrier. * Manage project budget and cash flows; assemble and process draw packages; review and approve funding requests and construction draws from developer and general contractor; provide notification of potential budget increases and/or project delays. * Maintain all project documentation in accordance with procedures including timely and organized tracking/filing of key deliverables including, but not limited to, permits, construction change orders and schedule updates, insurance and bonding verification, inspection reports; lender deliverables; etc. * Review and recommend approval of proposed change orders in consultation with the developer, architect, and construction consultant, and maintain accurate records of proposed and approved changes to contracts. * Provide project-level status reports on a timely and accurate basis. * Assist in the transition of the project from Development & Construction Management over to Asset Management as the project nears substantial completion, including contract and punch list close-out. * Complete special and ad hoc internal and external projects, as assigned. * Prepare quarterly project updates for internal management review. Investments: The Analyst of Development will assist in the pursuit, due diligence, and closing of new development projects, working in collaboration with the Investment team to: * Participate in due diligence process including document review and comment, budget review and comparison, preparation of project budgets and financial reports, review of closing reimbursements, etc. * Assess the viability of plans, budget and schedule of prospective projects on behalf of various clients. * With assistance from legal counsel, review status of entitlements, zoning, title, survey, land purchase agreements, and construction contracts. * With assistance from consultants, review project costs and schedule, and environmental, geotechnical, and construction studies and reports. * Assist in the preparation of Investment Memorandums to BentallGreenOak's Investment Committee for approval. * Assist in the review and coordination of land purchase contracts, joint venture agreements, and development services agreements. SUPERVISORY RESPONSIBILITIES No Supervisory responsibilities assigned. QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. * Highly proficient in MS Excel with ability to create detailed budgets / cash flows for development projects and perform pro forma models * Proficiency in PowerPoint and Word * Proficiency in scheduling software (MS Project; etc.) is a plus * Cumulative exposure to various phases of ground-up development projects (entitlement/pre-dev, construction, close-out) * Thrives in a varied work environment, managing several projects at once with ability to work independently and with acute attention to detail * Exposure to creating development project budgets and schedules, monitoring construction budgets and schedules, reviewing construction draws, tracking change requests and change orders, preparing quarterly status reports for senior management, and assisting in the close-out of contracts and punch lists * Ability to travel EDUCATION and/or EXPERIENCE A four-year undergraduate college degree in construction management, business administration, engineering, or architecture preferred. Candidates should have at least two years of experience in real estate development, project management, and/or construction, and will have worked for a developer, general contractor, REIT, opportunity or value-add fund, real estate advisor, or similar organization. LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and/or governmental regulations, write reports, business correspondence, and procedure manuals, and effectively present information to the relevant internal and external stakeholders. MATHEMATICAL SKILLS Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry. Knowledge of business statistics, regression analysis, and finance preferred. REASONING ABILITY Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, verbal, diagram, or schedule form. PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit and use their hands. The employee is occasionally required to stand and walk. Specific vision abilities required by this job include close vision. Out of state travel may be required. WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee 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 noise level in the work environment is usually moderate. The work environment is fast paced and often requires flexibility in regard to scheduled tasks and number of hours worked. The Analyst is expected to efficiently manage their time in effort to keep normal business hours, however, must be willing to work non-business hours if required to meet core job responsibilities or urgent business needs. | |