Analyst, Development Asset Management

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.

Job Summary:

The Analyst will work closely with the Development Asset Management team on the investment and asset management of a diverse portfolio of development projects across multiple asset classes. The role provides exposure to the full lifecycle of real estate development investments, including underwriting, capitalization, construction, stabilization, and execution of business plans. The Analyst will support both the asset management of active development projects and the evaluation of new investment opportunities, working closely with senior members of the Development Asset Management, Development, Construction, Accounting, Legal, and Capital Markets teams.

Responsibilities:

- Modeling:

- Create, update, and maintain financial models for existing development assets and new development opportunities utilizing Microsoft Excel; review model outputs for accuracy and maintain current assumptions and supporting schedules.

- Support the maintenance of a fund-level model for a portfolio of structured equity investments, including updates to investment cash flows and portfolio-level returns.

- Support scenario and sensitivity analyses related to project costs, financing, leasing, timing, valuations, and investment returns.

- Assist with quarterly valuations, refinancing analyses, and other ad hoc financial analyses.

- Development Asset Management:

- Support the ongoing asset management of development projects across multiple asset classes and stages of execution.

- Assist with capital calls, distributions, project funding, and coordination with Accounting and Development teams.

- Assist in reviewing project budgets, construction progress, leasing activity, and performance against underwriting, and support annual budgets and business plans for existing development assets.

- Develop familiarity with leases, loan documents, partnership agreements, and other transaction documents relevant to assigned projects.

- Conduct market research and due diligence for existing projects and potential new investment opportunities.

- Business Plans and Reporting:

- Assist in preparing investment committee materials, business plans, and other internal presentations.

- Support monthly, quarterly, and annual investor and lender reporting, including quarterly reforecasts, variance analyses, and performance tracking against underwriting and business plans.

- Prepare clear and concise Excel analyses and PowerPoint materials for senior management, partners, and other stakeholders.

Qualifications:

Top Competencies

- Financial Analysis & Excel: Strong analytical skills and proficiency in Excel, with an interest in developing sophisticated real estate financial modeling capabilities.

- PowerPoint Proficiency: Ability to prepare clear, concise, and professional presentation materials.

- Real Estate Knowledge: Understanding of fundamental real estate finance and investment concepts; familiarity with development, acquisitions, or asset management is preferred.

- Technology: Strong proficiency with Microsoft Excel and PowerPoint; ability to learn and work efficiently across real estate systems and technology platforms.

- Teamwork: Collaborative approach and willingness to work across Development, Construction, Accounting, Legal, Capital Markets, and other functional groups.

- Analytical Thinking: Ability to understand financial information, identify key drivers, and translate analysis into useful insights.

- Organizational Skills: Detail-oriented, proactive, and able to manage multiple assignments and deadlines in a fast-paced environment.

- Communication: Strong written and verbal communication skills and ability to work effectively across teams and with internal and external stakeholders.

Experience and Education

- 0-2 years of experience in real estate, finance, acquisitions, development, asset management, investment banking, or a related field.

- Prior internship or professional experience in real estate or finance is preferred.

- Exposure to Argus, Yardi, CoStar, or similar real estate systems is a plus.

- Bachelor’s degree required; concentration in real estate, finance, accounting, economics, or a related discipline preferred.

- Strong interest in real estate development, investing, and asset management.

Our Company: Autofill in Greenhouse

Our Core Values:

- We believe in doing the right thing – we are values driven.

- We believe in leading with bold ideas – we are innovative.

- We believe in striving for excellence – we go above and beyond.

- We believe in staying humble and hungry – this means we’re ambitious, not arrogant.

- We believe in cultivating trusted relationships – we believe in building enduring partnerships.

- We believe in acting like an owner – we are accountable.

The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).

Bonus eligible.
Pay Range $80,000 — $90,000 USD RXR is an Equal Opportunity Employer committed to recruiting, hiring and promoting qualified people of all backgrounds regardless of gender, race, color, creed, national origin, religion, age, marital status, pregnancy, physical or mental disability, sexual orientation, gender identity, military or veteran status, or any other basis protected by federal, state, or local law.
RXR is committed to the full inclusion of all qualified individuals. As part of this commitment, RXR will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact 516-506-6847.