Department: Development
FLSA Status: Exempt
Reports to: Development Project Manager
Supervises: N/A
Last Revised: July 2024
JOB SUMMARY
The Project/Loan Analyst is responsible for supporting and enhancing the planning, execution and completion of development projects within the organization. This position is responsible for preparing and reviewing loan applications for various real estate projects, assessing the financial viability and creditworthiness of potential development projects, ensuring that loans are structed appropriately to mitigate risk and support the company’s investment objective and collaborating with internal teams, external lenders and borrowers to facilitate the financing process and ensure regulatory compliance. Additionally, this position is responsible for collecting and analyzing market and project data, monitoring progress, and ensuring that projects are aligned with organizational goals and objectives. This position is pivotal as its performance directly influences the Company’s capacity to attain exceptional financial gains and broaden its portfolio.
ESSENTIAL FUNCTIONS
- Reviews and analyzes loan applications for real estate development projects, including residential, commercial, and mixed-use properties.
- In conjunction with the Capital Markets Group, conducts in-depth financial analysis of borrowers, including reviewing income statements, balance sheets, cash flow projections, and other financial documents to assess creditworthiness and repayment capacity.
- Prepares Cost and Cash Flow Proformas.
- In conjunction with the Capital Markets Group, evaluates lender loan proposals, analyses and recommends optimal financing alternatives.
- Collaborates with internal teams to structure loan terms and conditions that align with project requirements, risk tolerance, and investment objectives.
- Performs due diligence on prospective borrowers and real estate projects, including property valuation, and market analysis.
- Reviews lender loan documentation, including loan proposals, agreements, promissory notes, and other legal documents, ensuring accuracy and compliance with regulatory and company standards.
- Works closely with internal teams (such as development, legal, and finance) and external parties (such as lenders, brokers, appraisers, and environmental assessors) to facilitate the financing process and resolve any issues that arise.
- Assists CFO in establishing baseline and other established objectives for each financing transaction.
- Monitors the performance of existing loans, track repayment schedules, identifies potential risks or delinquencies, and prepares regular reports and updates for management and stakeholders.
- Administers loans and lines of credit on an ongoing basis, approves loan payments, updates mortgage file and internal database systems.
- Prepares and presents detailed reports on loan performance, risk assessments, and portfolio status to senior management and/or stakeholders.
- Assists in the development of project plans, timelines and budgets.
- Coordinates with project managers and internal team members to determine project scope, goals and deliverables.
- Creates and maintains real estate development project proformas and other quantitative analyses utilizing real estate finance calculations such as discounted cash flow, net present value, return on investment, valuation, debt service, and amortization schedules.
- Reviews and manages the collection of data for quantitative analysis from internal departments and external sources.
- Performs site searches and analyses including parcel and neighbourhood information, zoning, tax credit and incentive eligibility, and land and building due diligence such as understanding and summarizing tenant leases, property conditions report, and other third-party reports.
- Prepares and reviews necessary acquisition documents (eg. letter of intent, purchase sale agreement, exhibits, due diligence reports)
- Researches and reports on potential development concepts, new real estate development trends, market analysis, industry announcements, legislation, and economic projections.
OTHER DUTIES
- Assists internal department with tasks including creating and refining department procedures, tracking projects, and organizing project files and folders both physical and electronic.
- Networks to establish new business contacts and foster existing relationships and maintains work relationships with other real estate professionals.
- Coordinates and prepares monthly construction draw requests and tracks timely receipt of funds.
- Stays informed about market trends, regulatory changes, and economic factors that could impact the real estate and lending industry.
- Enhances existing and pursues new business relationships to strengthen the desire to do business with Uniland by striving to create loyalty and strong personal relationships.
- Applies an organized approach to responsibilities, process improvements and procedures and coordinates and completes complex procedures simultaneously.
- Participates in cross-functional projects or task forces related to organizational development or process improvement.
- Actively participates in any/all initiatives when requested and/or required.
- Performs other duties as assigned.
EDUCATION & EXPERIENCE
- Bachelor’s Degree (B.A.) in Real Estate Development, Urban Planning, Architecture, Business, Finance or a related field required;
- A minimum of two years experience with a proven superior understanding of in a financial or quantitative analysis role or real estate financial underwriting and related research.
- Previous experience in real estate lending, loan underwriting, or financial analysis, preferably within the real estate development industry.
- Proficiency in financial modelling, Excel, and other relevant software applications.
- Experience managing multiple projects simultaneously and meeting tight deadlines.
- Experience reviewing loan documentation, including loan proposals, agreements, and promissory notes, preferred but not required.
- Proven experience in communication and interpersonal skills, with the ability to interact effectively with stakeholders and executives.
KNOWLEDGE, SKILLS & ABILITIES
- Ability to conduct a quantitative analysis using real estate finance calculations required (discounted cash flow, net present value, return on investment, debt service and amortization schedules).
- Understanding of financial analysis and feasibility studies related to real estate development projects.
- Knowledge of real estate finance principles, lending practices, and regulatory requirements.
- Familiarity with relevant federal and state regulations affecting real estate lending and finance.
- Strong organizational skills with the ability to multitask and prioritize tasks effectively.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
- Excellent time management skills with a proven ability to meet deadlines.
- Proficiency in project management software and MS Office Suite. Experience in Yardi and ARGUS platforms preferred but not required.
- Strong analytical skills and attention to detail, with the ability to interpret complex financial data, assess risk effectively, and make informed decisions.
- High level of accuracy and attention to detail in all aspects of work, from financial analysis to loan documentation.
- Ability to build and maintain relationships with lenders, borrowers, and other stakeholders involved in the loan origination process.
- Effectively present complex information to internal and external stakeholders.
- Strong negotiation skills to effectively work with lenders, borrowers, and other stakeholders.
- Ability to adapt to changing market conditions and regulatory environments, and to learn new processes and technologies as required.
PHYSICAL DEMANDS & WORK ENVIRONMENT
The physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform essential functions.
- Extended periods of sitting at a desk or workstation while performing administrative tasks.
- Regular use of computers and other office equipment, requiring manual dexterity and visual concentration.
- Occasionally required to lift and/or move up to 10 pounds.
- Mobility within the office environment to attend meetings, training sessions, or other events.
- Ability to communicate effectively with associates, supervisors, and external stakeholders in person, over the phone, or via email.
- Office-based environment with standard office equipment and ergonomic furniture.
- Exposure to typical office noises such as phone calls, conversations, and office equipment operation.
- Work will be performed in an in-office environment.
- Local travel to client meetings, industry conferences, and other business-related events may be required.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.
Compensation details: 75000-90000 Yearly Salary
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