What are the responsibilities and job description for the Development Analyst position at Flow?
About the Company
Flow aims to create a superior living environment that enhances the lives of our residents and communities by developing, acquiring, owning, and managing multifamily apartment buildings and the services and technology inside those buildings.
Fulfilling our mission will require an exceptional group of people whose collective output is greater than the sum of its individual parts. Our team members are energized by the opportunity to impact our residents’ lives in meaningful ways. They are bold and creatively ambitious, driven by relentlessly high standards, act with a sense of urgency and accountability, and always, above all, operate with integrity, loyalty, and trust.
About the Role
We are seeking a Senior Development Analyst to support all aspects of real estate development projects.
- Financial Modeling
- Produce sophisticated financial models for large development projects.
- Conduct sensitivity analysis and scenario modeling. Calculate key investment metrics (IRR, equity multiple etc).
- Provide timely explanations of variances between actual results and forecasts/budgets.
- Project Management
- Assist in the development process, including coordination of consultants, entitlements, and zoning.
- Maintain project schedules up to date.
- Prepare weekly project checklists and monthly project performance presentations.
- Budget Management
- Oversight of project budgets (approved changes, forecasted changes, variance reports).
- Reviewing and approving all invoices for projects.
- Prepare capital call requirements.
- Market Research & Revenue Assumptions
- Collaborate with third-party consultants to get periodic reliable market data.
- Detailed market analysis of comps and market conditions (Supply/demand, absorption rates etc)
- Bachelor’s degree in Engineering, Finance, Actuarial, Economics, or a related field (required)
- 4 years of experience in real estate development
- Experience with ground-up development is a plus
- Strong proficiency in Excel (financial modeling, cash flow projections, IRR, NPV)
- Excellent organizational, communication, and problem-solving abilities
- Proactive, self-motivated, and able to thrive in a fast-paced, entrepreneurial environment
- A collaborative team player with a results-driven mindset
Benefits
• Comprehensive benefits package (Medical / Dental / Vision / Disability / Life)
• Paid time off and 13 paid holidays
• 401(k) retirement plan
• Healthcare and Dependent Care Flexible Spending Accounts (FSAs)
• Access to HSA-compatible plans
• Pre-tax commuter benefits
• Employee Assistance Program (EAP), free therapy through SpringHealth, acupuncture, and other wellness offerings
Flow is proud to be an equal opportunity workplace and hires regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity and/or expression, pregnancy, Veteran status any other characteristic protected by federal, state or local law. In addition, we provide reasonable accommodation for qualified individuals with disabilities.
