Development and Asset Management Associate
Sterling Organization · West Palm Beach, FL · 1 mo ago
On-siteOTHRFull-time
Key Responsibilities
- Support development and construction activities across assigned projects, including budget tracking, cash flow forecasting, schedule monitoring, and project-level reporting.
- Prepare, review, and process loan draw packages, including coordination of required documentation, funding requests, lender submissions, approvals, and related follow-ups.
- Develop, maintain, and enhance advanced financial models to support development underwriting.
- Track project budgets, commitments, change orders, invoices, contingency usage, and forecasted costs to completion, identifying variances and escalating potential risks or budget pressures.
- Partner with internal Development, Construction, Investments, Asset Management, Finance, Accounting, Legal teams, and external consultants to ensure timely and accurate project execution and reporting.
- Aid in preparing internal and external reporting materials, including project status updates, budget-to-actual summaries, cash flow analyses, lender reports, investor materials, and management presentations.
- Maintain oversight of project risks and opportunities through detailed financial, operational, and market analysis, and assist in developing recommendations to improve project outcomes.
Qualifications & Experience
- Bachelor’s degree in Finance, Real Estate, Accounting, Construction Management, Engineering, Economics, or a related field required.
- 2–5 years of relevant experience in real estate development, construction finance, real estate investment, lending, or related financial analysis.
- Experience working within an institutional real estate platform, investment manager, developer, lender, or owner/operator required.
- Warehouse, industrial, or logistics real estate sector experience preferred.
- Advanced financial modeling skills required and strong proficiency in Excel required, including experience building, maintaining, and interpreting development, construction, and cash flow models.
- Experience with development budgeting, capital expenditure tracking, loan draw processing, project reporting, and related financial tools preferred.
- Understanding of development and construction processes, including project budgeting, contract administration, change orders, schedules, capital draws, and cost-to-complete analysis.
- High attention to detail with strong organizational skills and the ability to manage multiple projects, deadlines, and workstreams simultaneously.
- Excellent written and verbal communication skills, including the ability to prepare clear financial analyses, project updates, and reporting materials for internal and external stakeholders.
- Strong ownership mentality, sound judgment, and a hands-on, problem-solving attitude capable of thriving in a fast-paced, entrepreneurial environment.
- Ability to work effectively with cross-functional teams and external partners while maintaining accuracy, accountability, and professionalism.