JPI

Development Analyst

12 October 2024
Remote
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Deadline date:
£50000 - £100000 / year

Job Description

About The Company
Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data – including unparalleled market research, proven business processes, and proprietary models – to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to “Building What Matters.” JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

About the Job.

The role of the Development Analyst will take ownership of the acquisitions process by providing thoughtful analysis, research, pipeline management, and reporting to the Central division’s Development Acquisition team. The Development Analyst reports to the Acquisitions Development Manager and will work as a team to evaluate new development opportunities that meet the company’s production goals. As opportunities move from the acquisition to development team, analysts in the analyst pool, will follow the opportunity and support the Development Manager through the design, development, capitalization and construction process.

Essential Duties and Responsibilities:
Acquisition Underwriting
  • Underwrite and evaluate investment opportunities sourced by Managers.
  • Update and proof underwriting templates to ensure accuracy.
  • Prepare internal presentation material required for investment decision making.
  • Draft Letters of Intent (LOI) for active opportunities.
Development Pipeline Coordination
  • Track investment opportunities in the pipeline and ensure that deal-level information is up to date.
  • Prepare weekly update reports on active opportunities for discussion with the Development team with key metrics.
  • Prepare comparative analysis and other ad-hoc reports for opportunities in the pipeline.
  • Monitor and track progress of Development team’s production goals.
  • Monitor and track key dates for deals currently under contract.
Development Deal Analysis
  • Update original underwriting of deals as new information is discovered through due diligence, design process and capitalization options with Development Manager.
  • When able shadow Development Managers on design meetings.
  • Support Development Manager with ongoing construction obligations such as monthly draws, reforecasting budget and ad hoc investor requests.
  • Prepare analysis and reporting necessary for meetings with Investment Committee.
Market Research
  • Monthly and Quarterly market research tasks- jobs/permit tracker, supply, etc.
  • Tour comparable properties & sites to gain valuable insight into competing amenities, local demand drivers, absorption, and pricing.
  • Obtain and maintain a database of competitor premiums and amenities that are specific to each deal.
  • Track market spot cap rates, sale comps, and operating expense comps with broker contacts.
Non-Essential Duties and Responsibilities:
  • Build networking capabilities by attending industry conferences and meeting people in the CRE industry (e.g. TREC, ULI).
  • Maintain current knowledge of the local real estate market by monitoring relevant industry publications and leveraging contacts with industry professionals.
Knowledge and Experience Required:
  • Bachelor’s Degree in Business, Finance, Accounting, Engineering, Math, Data Science, or Real Estate preferred.
  • 1 – 3 years of prior work experience that built upon an understanding of financial analysis, with the ability to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, etc.).
  • Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers.
  • Excellent computer proficiency (MS Suite – Word, Excel, PowerPoint and Outlook).
  • Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
  • Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices.
Why work for us?

We are a People First culture, and seek team members who are hungry, humble, and people smart with an eye to continuous improvement. Our culture begins with people and our goal is to attract, retain, and grow the best talent in the industry. Through ongoing investment in the development of our people, we provide meaningful opportunities for professional success and fulfillment. Led by values and principle-based leadership, our team approaches every project with responsibility, accountability, and integrity.
Industry Recognition
We’re not inclined to brag, but we have been recognized on some impressive lists. Here are just a few of our noteworthy recognitions:
  • NMHC – #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; # 11 Largest National Builder
  • Real Page – Most active multifamily developer in DFW for the past 8 years
  • Dallas Business Journal Best Places to Work – 2023
  • Dallas Business Journal – Largest DFW Real Estate Developers – #11
JPI offers associates a comprehensive benefits package with competitive salaries and more including:
  • Competitive Bonus Program
  • 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)
  • 11 Holidays and 8 Early Release Days
  • Medical, Dental, Vision and Life Insurance
  • 401(k) with Company Match (Up to 5% Match)
  • Health Savings Account
  • Flexible Spending Accounts (Dependent & Medical Reimbursement)
  • Paid Parental Leave
  • Paid Volunteer Time
  • Tuition Assistance
  • Phone Reimbursement
  • Associate Referral Bonuses


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