We are looking for a skilled Development Project Analyst to join our team in Virginia Beach, Virginia. In this role, you will provide critical financial and project support for commercial development initiatives, ensuring they are executed efficiently and align with organizational goals. You will play a key part in conducting market research, preparing financial models, and ensuring project progress is tracked and reported accurately.<br><br>Responsibilities:<br>• Build and maintain comprehensive financial models, including proformas, cash flow projections, and sensitivity analyses, for commercial development projects.<br>• Update financial models to reflect changes in costs, financing terms, market trends, and project timelines.<br>• Conduct feasibility studies and scenario analyses using metrics such as development yield, cash-on-cash returns, and debt service coverage ratios.<br>• Perform market research to gather data on rental rates, comparable sales, land costs, and absorption rate projections.<br>• Support due diligence efforts by compiling property data, reviewing zoning regulations, and coordinating with external consultants.<br>• Monitor project invoices and reconcile construction draws to ensure compliance with contract terms.<br>• Track and report on project costs, budgets, and cash flow requirements, providing variance analyses when needed.<br>• Organize and participate in project meetings and site visits, preparing detailed notes and documentation.<br>• Create detailed development reports and presentations to communicate project status, budget updates, and key findings to stakeholders.<br>• Coordinate with Asset Management teams to facilitate project turnover, including operating budgets and warranty documentation.

<p>• At least 3 years of experience in project analysis or a related role.</p><p>• Proficiency in financial modeling and data manipulation for development projects.</p><p>• Strong knowledge of construction cost management, project budgeting, and forecasting.</p><p>• Experience managing project plans, risks, and schedules effectively.</p><p>• Ability to conduct detailed market research and due diligence for real estate projects.</p><p>• Excellent organizational skills to maintain accurate project documentation and files.</p><p>• Strong communication skills for preparing presentations and collaborating with stakeholders.</p><p>• Familiarity with deal execution processes and property rezoning procedures.</p>

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