Development Associate

JBG Smith - Chevy Chase, MD4.1

Full-timeEstimated: $74,000 - $100,000 a year
We are seeking experienced real estate professionals and recent Master’s candidates with a proven track record of excellence that have demonstrated the leadership skills necessary to manage complex urban development projects. This position is largely responsible for the day-to-day management of all aspects of development projects from beginning to end with direct accountability for project execution. An associate will work with the larger Development Team to maximize value throughout the development process including acquisition, financing, zoning/entitlements, design, permitting, construction, leasing, delivery and disposition. Accordingly, Associates will encounter a variety of roles ranging from high- level decision making to maintaining detailed project coordination and organization.

Develop project vision, development programs, business plans and financial models; Monitor and evaluate project performance against the baseline business plans and financial models.
Manage and obtain project entitlements and permits, including meetings with the community and municipalities to negotiate outstanding issues and obtain necessary approvals.
Oversee the scope, RFP and contracting process for architects, engineers, contractors, and other project vendors and consultants.
Effectively coordinate and manage consultants and contractors throughout the development process.
Assist in preparing financial and market feasibility analyses for projects
Track project schedules and monitor progress and delays.
Prepare and monitor project budgets, including preparation of monthly capital calls, loan draw packages and lender and/or investor reports.
Review consultant and contractor invoices for accuracy and compare to applicable proposals/contracts.
Manage development and financial analysts working on the project, as well as other internal resources and staff.
Coordinate, manage and lead project design and construction meetings.
Identify potential project risks and develop mitigation strategies.
Provide regular project reporting internally and to project investors, partners and lenders
Passion for real estate development
Proven entrepreneurial skill.
Bachelor’s Degree in related field.
Strong preference given to candidates with an MBA or Masters in Real Estate
3-5 years of development experience is preferred; prior urban mixed-use experience preferred.
Demonstrated ability to work both independently and within a larger, collaborative team.
Proven leadership skills needed to manage internal staff, consultants and development team.
Strong quantitative background in development, including financial feasibility analysis, design, financing, permitting, construction, and project management.
Knowledge of development fundamentals; including the process, proforma, design, financing, permitting, construction, and project management;
Must possess attention to detail, confidentiality, integrity, and the ability to maintain a high level of professionalism in a fast-paced dynamic environment.
Excellent communication skills including the ability to make public and internal presentations and write investment memoranda.

JBG SMITH is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.