Development Manager

Location: Bethesda, MD

Department: Land Acquisition

Type: Full Time

Min. Experience: Mid Level

Company Overview

EYA has made its name and reputation developing innovative urban neighborhoods. Since 1992, we’ve built more than 4,000 homes in more than 30 neighborhoods across the Washington Metropolitan area, tackling some of the region’s most challenging sites along the way.  Our unique combination of walkable neighborhoods, thoughtfully planned spaces, and timeless architecture has earned EYA 
more residential and land-planning awards than any other homebuilder. Twice named America’s Best Builder, our homes are always in demand.

Job Summary

EYA, the premier residential developer in the Washington D.C. Metropolitan Area, is seeking a Real Estate Development Manager in Bethesda, MD.  In this position, you will be an integral member of our land acquisition and development team, working side-by-side with our executive development team to perform financial analysis of potential and on-going real estate projects; assist in initial project underwriting, feasibility, and in securing municipal approvals for new residential and mixed-use development opportunities; and assist in the prospecting and pursuit of new residential development opportunities.  We are looking for a skilled communicator and Excel wizard with a strong sense of personal motivation, initiative and responsibility.

This is an incredible opportunity to be part of an award-winning company focused on innovative and complex urban-infill development.  You will comprehensively learn and participate in the acquisition and development process from start to finish, working with some of the industry’s most well-regarded executives.

Responsibilities and Duties

 

  • Prepare and present financial analysis for new acquisition opportunities, including proformas, waterfalls, and sensitivity analysis.
  • Create new financial analyses to support land acquisition and finance departments, lenders, and joint venture partners.
  • Assist with the underwriting and due diligence for potential projects and prepare investment memos for approval from company management, draft letters of intent and prepare offer packages.
  • Support rezoning and entitlement efforts on pipeline projects and manage coordination with land use counsels, architects, civil engineers, and other consultants.
  • Assist in all the financial, capital and administrative responsibilities for pipeline projects to help ensure projects are meeting objectives.
  • Maintain land acquisition reports tracking key dates, financial metrics and non-financial metrics.

 

Qualifications and Skills

 

  • MS in Business/Real Estate Development/Finance or related field with 1 to 4 years of experience in related field.
  • Advanced proficiency with Microsoft Excel and excellent financial modeling skills.  Specific experience in creating and manipulating proforma financial models.
  • Excellent research skills and aptitude to understand the dynamics of various locations, submarkets, economic conditions and financial markets.
  • Exceptional written and verbal communication skills.
  • Excellent interpersonal and relationship building skills.
  • Excellent organizational skills and attention to detail, with the ability to prioritize and manage multiple projects simultaneously.
  • A willingness to work flexible hours and in a collaborative, team-based environment.
  • Strong sense of personal motivation, responsibility, and entrepreneurship.

 

Benefits and Perks

  • Great work environment and best work colleagues (skills, collaboration, engagement, personality and dedication).
  • Competitive pay and salaries.  
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