Development Analyst

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. Based in El Segundo, CA, we are currently seeking a Development Analyst with a diverse skillset to join our team, someone who embodies our values of Kind, Scrappy, Uplift Communities, Creative Persistence, Curiously Open Minded, Magical Places, and Build Great Teams.In addition to a competitive compensation package, CenterCal offers a comprehensive benefits package and company culture that's 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 PlanCompany paid holidays - all Federal holidays plus Juneteenth and the day after Thanksgiving and Christmas Eve.Two paid community service days - one individual volunteer day and one company-sponsored.Flexible spending accounts and more!GENERAL PURPOSE: The Analyst 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. KEY RESPONSIBILITIES/DUTIES: Responsibilities include but are not limited to:Preparing cash flow and pro forma financial models in Argus and Excel as part of underwriting processPerforming market research including rent and sales comparables, competition assessments, market vacancy/saturation reports, zoning analysis, consumer behavior, etc. utilizing internal and external resourcesWorking 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 productsAnalysis to support the negotiation of tenant leasesAnalysis of expected costs and comparison to similar projectsReview of land use issues and design constraintsPreparing investment memoranda and related reports for senior management and Investment Committee reviewCoordinating the due diligence and closing process with Sellers, Lenders, 3rd party consultants, and CenterCal team membersAssisting 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 jurisdictionWorking with the construction department to establish and maintain cost estimates to be used in pro forma modelsManaging monthly development reports, debt and equity draws, and pro-forma updatesInterface with internal and external parties to generate and advance pipeline projectsReasonable accommodations may be made to allow differently-abled individuals to perform the essential functions of the job. MINIMUM QUALIFICATIONS: The following are the minimum qualifications which an individual needs in order to successfully perform the duties and responsibilities of this position. Please note that the minimum qualifications may vary based upon the department size and/or geographic location.Bachelor's degree in finance, real estate, economics or a related field.Minimum 1-3 years of full-time experience as a financial or real estate analyst.Cash flow modeling experience in Excel and ArgusKnowledge, Skills & Abilities: Understanding of financial underwriting techniques and investment return metricsAbility to travel to the job site as required to perform dutiesPrior financial modeling experience is required. Ability to create and update complex financial models including waterfall structuresStrong oral and written communication skillsOutstanding quantitative and analytical skillsAbility to maintain confidentiality and display good judgmentStrong attention to detailAbility to work in a fast-paced office environment to meet deadlines and handle multiple projects simultaneouslyAbility to maintain quantity without sacrificing qualityExceptional organizational, analytical, and interpersonal skillExtremely strong work ethic and drive to succeed

Created: 2025-09-28