Next City
At
CenterCal Properties , our mission is to create world class retail and mixed-use environments that uplift communities. We stand as a beacon of innovation, quality, and inclusivity. Exciting opportunity to work in El Segundo, CA!
In addition to a competitive compensation package, CenterCal offers a comprehensive benefits package and company culture that offers flexibility, is collaborative, family-oriented and focused on the health and well-being of its strongest asset – all employees!
Medical, dental, vision, short-term disability, long-term disability and a group term life benefit.
401k plan – Under the Company’s current benefits package, eligible employees can begin participating after 90 days of employment.
Financial advisement services through the company’s 401k advisor.
Unlimited PTO Plan
Company paid holidays
Two paid community service days – one individual volunteer day and one company-sponsored.
Flexible spending accounts and more!
General Purpose The Director will assist in all aspects of the development from deal sourcing and underwriting all the way through supporting financing, lease-up, vertical development, construction close-out and the stabilization of projects including both ground up and value-add centers.
Key Responsibilities / Duties
Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting process, annual plan process, and lease approval process.
Executing the business plan for value-add centers including common area renovations, re-merchandising, and supporting lease-up efforts.
Obtaining government, tenant, and other approvals required for execution of the business plan.
Performing market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resources
Working with the Development Team to conduct detailed feasibility analysis of potential new developments including:
Evaluation and modification of financial models for retail, residential, and other products
Analysis to support the negotiation of tenant leases
Analysis of expected costs and comparison to similar projects
Review of land use issues and design constraints
Preparing investment memoranda and related reports for senior management and Investment Committee review
Coordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team members
Assisting in the coordination with architects and other consultants throughout the development process
Supporting the entitlement and permitting process by interfacing with local governments and agencies with jurisdiction
Working with the construction department to establish and maintain cost estimates to be used in pro forma models
Managing monthly development reports, debt and equity draws, and pro-forma updates
Interface with internal and external parties to generate and advance pipeline projects
Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job.
Minimum Qualifications
Bachelor's degree in finance, real estate, economics or a related field. MBA or MRED preferred.
Minimum 5-7 years of full-time experience as a project manager, development manager or similar background.
Understanding of retail leasing principles including exclusives, no-build areas, co-tenancy, etc.
Cash flow modeling experience in Excel and Argus
Knowledge, Skills & Abilities
Understanding of financial underwriting techniques and investment return metrics
Ability to travel to the job site as required to perform duties
Prior financial modeling experience is required. Ability to create and update complex financial models including waterfall structures
Strong oral and written communication skills
Outstanding quantitative and analytical skills
Ability to maintain confidentiality and display good judgment
Strong attention to detail
Ability to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneously
Ability to maintain quantity without sacrificing quality
Exceptional organizational, analytical, and interpersonal skill
Extremely strong work ethic and drive to succeed
#J-18808-Ljbffr
CenterCal Properties , our mission is to create world class retail and mixed-use environments that uplift communities. We stand as a beacon of innovation, quality, and inclusivity. Exciting opportunity to work in El Segundo, CA!
In addition to a competitive compensation package, CenterCal offers a comprehensive benefits package and company culture that offers flexibility, is collaborative, family-oriented and focused on the health and well-being of its strongest asset – all employees!
Medical, dental, vision, short-term disability, long-term disability and a group term life benefit.
401k plan – Under the Company’s current benefits package, eligible employees can begin participating after 90 days of employment.
Financial advisement services through the company’s 401k advisor.
Unlimited PTO Plan
Company paid holidays
Two paid community service days – one individual volunteer day and one company-sponsored.
Flexible spending accounts and more!
General Purpose The Director will assist in all aspects of the development from deal sourcing and underwriting all the way through supporting financing, lease-up, vertical development, construction close-out and the stabilization of projects including both ground up and value-add centers.
Key Responsibilities / Duties
Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting process, annual plan process, and lease approval process.
Executing the business plan for value-add centers including common area renovations, re-merchandising, and supporting lease-up efforts.
Obtaining government, tenant, and other approvals required for execution of the business plan.
Performing market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resources
Working with the Development Team to conduct detailed feasibility analysis of potential new developments including:
Evaluation and modification of financial models for retail, residential, and other products
Analysis to support the negotiation of tenant leases
Analysis of expected costs and comparison to similar projects
Review of land use issues and design constraints
Preparing investment memoranda and related reports for senior management and Investment Committee review
Coordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team members
Assisting in the coordination with architects and other consultants throughout the development process
Supporting the entitlement and permitting process by interfacing with local governments and agencies with jurisdiction
Working with the construction department to establish and maintain cost estimates to be used in pro forma models
Managing monthly development reports, debt and equity draws, and pro-forma updates
Interface with internal and external parties to generate and advance pipeline projects
Reasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job.
Minimum Qualifications
Bachelor's degree in finance, real estate, economics or a related field. MBA or MRED preferred.
Minimum 5-7 years of full-time experience as a project manager, development manager or similar background.
Understanding of retail leasing principles including exclusives, no-build areas, co-tenancy, etc.
Cash flow modeling experience in Excel and Argus
Knowledge, Skills & Abilities
Understanding of financial underwriting techniques and investment return metrics
Ability to travel to the job site as required to perform duties
Prior financial modeling experience is required. Ability to create and update complex financial models including waterfall structures
Strong oral and written communication skills
Outstanding quantitative and analytical skills
Ability to maintain confidentiality and display good judgment
Strong attention to detail
Ability to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneously
Ability to maintain quantity without sacrificing quality
Exceptional organizational, analytical, and interpersonal skill
Extremely strong work ethic and drive to succeed
#J-18808-Ljbffr