Description

What You’ll Do:

The Senior Analyst of Multifamily Development has a deep understanding of multifamily real estate fundamentals, advanced financial modeling expertise, and the ability to synthesize complex information into clear, compelling narratives for executive decision-making. This role is central to the underwriting, analysis, and communication of investment opportunities across the country.

Your Key Responsibilities Include:

• Underwriting & Financial Analysis

• Lead all underwriting efforts for multifamily development projects nationwide.

• Build, maintain, and refine detailed pro formas in Excel, incorporating assumptions related to rents, operating expenses, construction budgets, financing, and exit strategies.

• Run sensitivity analyses and scenario modeling to evaluate risk-adjusted returns.

• Model a variety of equity structures and promote/waterfall distributions to evaluate returns for both sponsors and capital partners.

• Market Research & Data Analysis

• Source, review, and analyze rent, sales, and land comps to inform underwriting assumptions.

• Track and interpret multifamily market fundamentals, including supply/demand dynamics, cap rate movements, construction costs, and operating expense trends.

• Leverage third-party research and broker reports to validate market positioning and investment theses.

• Investment Committee Support

• Draft and prepare Investment Committee memoranda and supporting exhibits with clarity and precision.

• Synthesize financial, market, and development data into actionable insights for senior leadership.

• Collaborate with development, construction, and asset management teams to align underwriting with execution strategies.

• Capital Structuring

• Develop and analyze deal structures that incorporate various combinations of sponsor equity, balance sheet equity, joint venture equity, preferred equity, and debt.

• Model returns under different partnership structures, including preferred return hurdles, promote structures, and multi-tier waterfalls.

• Support capital-raising efforts by preparing materials that clearly present projected returns under different equity arrangements.

• Cross-Functional Collaboration

• Partner with developers and executives to refine deal strategies and structure.

• Coordinate with brokers, appraisers, and research teams to validate assumptions.

• Support deal execution through diligence, including review of third-party reports, site visits, and entitlement considerations.

• Success Metrics

• Accuracy & Reliability: Produces underwriting models and IC materials with minimal revisions, reflecting sound assumptions and precise execution.

• Analytical Rigor: Provides sensitivity and scenario analyses that identify risks and opportunities ahead of decision points.

• Communication Quality: Delivers written and visual materials for the Investment Committee that are clear, concise, and persuasive.

• Market Insight: Demonstrates fluency in comps and market data, ensuring assumptions are well-supported by external benchmarks.

• Capital Structuring Proficiency: Successfully models complex equity and waterfall structures, enabling the team to evaluate partnership alternatives with confidence.

• Collaboration: Effectively supports developers and executives, consistently contributing value in cross-functional settings.

• Perform other duties as needed or assigned.

What You Have:

• Expert-level Excel modeling skills, including dynamic pro formas, scenario modeling, and data visualization. 

• Demonstrated experience building and auditing equity waterfall models (IRR hurdles, preferred returns, promote structures, multiple capital stacks).

• Strong analytical abilities with the capability to interpret large datasets and distill key insights.

• Familiarity with Argus, CoStar, RealPage, or similar real estate tools preferred.

• Excellent written and verbal communication skills, with proven experience preparing board- or committee-level presentations.

• Highly detail-oriented, organized, and capable of managing multiple projects under tight deadlines.

• Strong business judgment and ability to think strategically about investment opportunities.

Your Education and Experience:

• Bachelor’s degree in Real Estate, Finance, Economics, or a related field. A Master’s preferred but not required.

• 3–6 years of experience in real estate investment, development, or acquisitions with a strong focus on multifamily assets.

About Century Communities

Our mission of A Home For Every Dream® is only possible with the best talent in the industry. If that’s you—if you’re a self-starter, changemaker, and thoughtful collaborator ready to take your career to the next level—then apply today!

As one of the nation's largest homebuilders and an industry leader in online home sales, we strive to create thriving, enduring neighborhoods with lasting livability, with a focus on building sustainable, affordably priced homes for our customers while reducing our carbon footprint. For team members, our goal is to provide the resources, opportunities, and benefits to build successful and rewarding careers.

Compensation:

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