Real Estate Development Analyst

Job Posting Title:

Real Estate Development Analyst

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Hiring Department:

VP for Business Strategies

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Position Open To:

All Applicants

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Weekly Scheduled Hours:

40

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FLSA Status:

Exempt

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Earliest Start Date:

Immediately

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Position Duration:

Expected to Continue

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Location:

UT MAIN CAMPUS

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Job Details:

Purpose

The Real Estate Development Analyst is responsible for contributing to the development of university off-campus real estate plans, creating financial models supporting the plans, designing and maintaining management information systems, and leading the approval, contracting, implementation, and execution of department plans.  The Real Estate Development Analyst will work under the supervision of the Executive Direction for Real Estate Finance and Asset Management and will collaborate with other campus units on real estate acquisitions and developments, long term asset management, and financial matters.

Responsibilities

• Contribute the University’s vision for the development of off-campus real estate to optimize mission impact and revenue generation

• Build and maintain development project master database and maintain the University’s project mapping system (currently in Google Earth)

• Conducts financial analysis of acquisition and development opportunities, including the creation of detailed pro-forma, financial models and project plans

• Gather, compile, investigate, and analyze market data to identify potential development opportunities, and prepare narrative development memoranda, detailed reports, and market summaries that provide insights on proposed acquisitions

• Coordinate real estate acquisition and development activities, including feasibility studies, environmental impact reviews, title reviews, land use restrictions, tax issues, and related reviews

• Manage the timely execution of projects from initiation through completion

• Collaborate with private sector development partners and service contractors

• Coordinate with relevant campus units for the completion of key projects and ongoing asset management functions

Required Qualifications

• Bachelor’s degree from an accredited college or university.

• At least 5 years of experience in real estate development, real estate acquisitions, real estate finance, or other relevant real estate practice.

• Highly proficient in Excel, Word, PowerPoint (experience with Argus is a plus).

• Demonstrated ability to create and analyze financial models, project plans and budgets.

• Creative problem solving skills.

• Strong work ethic and professional integrity.

• Commitment to the University’s mission and values.

Preferred Qualifications

• Diverse real estate development experience preferred.

• Development experience with mixed use, commercial, multi-family, student housing, medical, and/or research is a plus.

• MBA or Master’s in Real Estate Development from a competitive program.

Salary Range

OPEN

Working Conditions

May work around standard office conditions and active construction sites; repetitive use of a keyboard at a workstation whether onsite or remotely; use of manual dexterity; climbing of stairs; lifting and moving items; extended hours including weekends as necessary; and some travel. A criminal history background check will be required for finalist(s) under consideration for this position.

Required Materials

• Resume/CV

• 3 work references with their contact information; at least one reference should be from a supervisor
• Letter of interest

Important for applicants who are NOT current university employees or contingent workers: You will be prompted to submit your resume the first time you apply, then you will be provided an option to upload a new Resume for subsequent applications. Any additional Required Materials (letter of interest, references, etc.) will be uploaded in the Application Questions section; you will be able to multi-select additional files. Before submitting your online job application, ensure that ALL Required Materials have been uploaded.  Once your job application has been submitted, you cannot make changes.

Important for Current university employees and contingent workers: As a current university employee or contingent worker, you MUST apply within Workday by searching for Find UT Jobs. If you are a current University employee, log-in to Workday, navigate to your Worker Profile, click the Career link in the left hand navigation menu and then update the sections in your Professional Profile before you apply. This information will be pulled in to your application. The application is one page and you will be prompted to upload your resume. In addition, you must respond to the application questions presented to upload any additional Required Materials (letter of interest, references, etc.) that were noted above.

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Employment Eligibility:

Regular staff who have been employed in their current position for the last six continuous months are eligible for openings being recruited for through University-Wide or Open Recruiting, to include both promotional opportunities and lateral transfers. Staff who are promotion/transfer eligible may apply for positions without supervisor approval.

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Retirement Plan Eligibility:

The retirement plan for this position is Teacher Retirement System of Texas (TRS), subject to the position being at least 20 hours per week and at least 135 days in length.

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Background Checks:

A criminal history background check will be required for finalist(s) under consideration for this position.

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Equal Opportunity Employer:

The University of Texas at Austin, as an equal opportunity/affirmative action employer , complies with all applicable federal and state laws regarding nondiscrimination and affirmative action. The University is committed to a policy of equal opportunity for all persons and does not discriminate on the basis of race, color, national origin, age, marital status, sex, sexual orientation, gender identity, gender expression, disability, religion, or veteran status in employment, educational programs and activities, and admissions.

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Pay Transparency:

The University of Texas at Austin will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information.

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Employment Eligibility Verification:

If hired, you will be required to complete the federal Employment Eligibility Verification I-9 form.  You will be required to present acceptable and original documents to prove your identity and authorization to work in the United States.  Documents need to be presented no later than the third day of employment.  Failure to do so will result in loss of employment at the university.

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E-Verify:

The University of Texas at Austin use E-Verify to check the work authorization of all new hires effective May 2015. The university’s company ID number for purposes of E-Verify is 854197. For more information about E-Verify, please see the following:

• E-Verify Poster (English) [PDF]
• E-Verify Poster (Spanish) [PDF]
• Right To Work Poster (English) [PDF]
• Right To Work Poster (Spanish) [PDF]

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Compliance:

Employees may be required to report violations of law under Title IX and the Jeanne Clery Disclosure of Campus Security Policy and Crime Statistics Act (Clery Act). If this position is identified a Campus Security Authority (Clery Act), you will be notified and provided resources for reporting. Responsible employees under Title IX are defined and outlined in HOP-3031 .

The Clery Act requires all prospective employees be notified of the availability of the Annual Security and Fire Safety report. You may access the 2021 report here or obtain a copy at University Compliance Services, 1616 Guadalupe, Suite UTA 2.206, Austin, TX 78701.