Developer en Simon

Job Location:

PRIMARY PURPOSE
The Developer Apprenticeship Program is designed to be a customized career path for those individuals interested in excelling in the Development industry through Simon Property Group, Inc. The individual will begin in the Financial Planning & Analysis department learning to ensure accurate and valid analysis of the financial impact of various business decisions with a primary focus on the area of capital investments including: new developments, renovations, expansions, and acquisitions. The training program will also include exposure to other business areas and functions including but not limited to: leasing, construction/design, legal, property management, tenant coordination, finance, engineering, and/or construction management.

WORKING RELATIONSHIPS
Other internal contacts – Senior Executives and personnel in Development, Leasing, Construction, Financial Reporting, Financial Operations, Real Estate Finance, Property Management and Legal
External contacts – Existing and potential partners and lenders, appraisers, and real estate brokers.

SPECIFIC TASKS
Development Related Tasks:
1. Prepare development budgets, project pro forma income, and estimate rate of return for new developments, renovations/expansions, or big box additions requiring capital investment ranging from $0 to well over $100 million.
2. Interact on a regular basis with developers, leasing representatives, and construction managers to resolve development issues.
3. Assist in decision-making process by evaluating financial impact of development alternatives.
4.Review and assess effectiveness of development activity including monitoring process toward achieving projected pro forma income levels.
Acquisition/Disposition Related Tasks:
5. Evaluate property or portfolio acquisition candidates and analyze historical and projected cash flows, key operating statistics, and investment yields.
6. Interact with broker and/or seller to further understand acquisition candidate, its financial statements, and identify/resolve issues.
7.Provide analysis of acquisition candidate to senior management for their consideration in determining bid strategy.
8.Prepare analysis of potential sale of SPG assets and assist brokers in preparation of sales packages when needed.
9.Assist buyers in completing their due diligence review of disposition assets.
Special Projects:
10.Provide analytical support to leasing to assist in negotiating lease settlements, multiple lease deals with national tenants, or other special situations.
11.Prepare cash flow projections and other financial information for consideration of prospective equity partners and/or lenders.
12.Work with partners and/or lenders or their appraisers to answer all questions and assist them in their valuation of SPG assets.
13.Prepare special analysis for senior executives or Board of Directors as needed.

Rotations (including, but not limited to):
•Leasing/Specialty Leasing: learn tenant mix strategy, deal term, lease negotiations.
•Construction/Design: learn permitting, construction timelines, project management, and vendor management.
•Legal: introduction to real estate contracts, entitlements, and zoning.
•Property Management: understand day-to-day operations and asset maintenance
PREFERRED QUALIFICATIONS
❑ Contacts – None required
❑ Decisions – Ability to use sound judgment in evaluating potential investment opportunities.
❑ Primary challenges – Balancing multiple priorities and interacting with various constituencies in a fast-paced work environment.
❑ Qualifications – Experience supervising/directing professional staff

MINIMUM QUALIFICATIONS
•B.S. Degree in Finance, Business, or Accounting; MBA, CPA, or other relevant professional designation (e.g. CCIM) a plus
•5+ years relevant work experience
•Strong analytical background including knowledge of financial analysis techniques such as net present value, internal rate of return, etc.
•Working knowledge of Excel and Word and ability to learn real estate cash flow modeling softwares
•Ability to interact effectively with personnel at all levels and from all departments within the company
•Ability to manage multiple priorities in a fast-paced work environment
•Excellent oral and written communication skills
•Ability to travel and work extended hours as needed