Development Associate

Primary Responsibilities

• Aid in data collection for property acquisitions.
• Support administrative tasks in land purchase negotiations, including drafting LOIs and EMCs.
• Assist in preparing preliminary budgets and timelines for various stages of acquisition and development.
• Coordinate with project consultants during due diligence, such as architects, engineers, appraisers, market analysts, surveyors, title companies, etc.
• Review due diligence materials for each project being developed.
• Support housing tax credit applications and familiarize with state's Qualified Allocation Plan and application process timelines.
• Administer the construction process, including preparing monthly draw expenditure requests and coordinating with contractors, prime subcontractors, and accounting teams.
• Prepare and present marketing materials for public presentations.
• Respond to lenders and syndicators on project-related due diligence requirements.
• Conduct financial underwriting for potential transactions and perform market analysis.
• Ensure compliance with state-required reporting deadlines by updating team calendars.
• Provide administrative support to the asset management team, including inputting figures and preparing documents like 10% tests, Carryover Allocation packages, cost certifications, 8609’s, and certified audits.

Knowledge, Skills, And Abilities

• Effective verbal and written communication with internal and external parties.
• Understanding and seeking explanations of complex regulations from various government agencies.
• Strong technical and analytical skills, familiarity with accounting and financial principles.
• Proficiency in managing large databases and datasets.
• Organizational skills to manage multiple projects simultaneously.
• Ability to cope with deadline pressures and work independently.
• Leadership and excellent communication skills.
• Ability to write various types of business correspondence and interact with all levels of management.
• General understanding of real estate practices and problem-solving abilities.
• Proactive, creative thinking, and drive to complete projects.

Qualifications

• Bachelor's degree in Business Administration, Accounting, Finance, Economics, Real Estate Development, or related field.
• Relevant work experience.
• Excellent working knowledge of Microsoft Excel, Word, Teams, and Access.
• Basic proficiency in Project software.

What Madhouse Offers

• 100% employer-sponsored health, dental, and vision insurance.
• Retail plan with a 3% company match.
• Flexible paid time-off including holidays, sick days, and volunteer time off.
• Year-end bonuses.
• Casual dress code most days.
• Opportunities for learning and growth, professional memberships, certifications, and CEUs.
• Career advancement and growth.
• Bring your pet to work.
• Company events and social activities.
• Community giving opportunities.

Summary

• Hours: Full-time, Regular.
• Location: Austin, Texas; Corporate Office.
• Work Hours/Week: 40 hours.
• Employment Type: Permanent.
• Probationary Period: 120 days.