Development Asset Management Intern (Boston HQ)
$20 - $25 per hourWinnCompanies
At WinnCompanies, our work starts with people — the residents who call our communities home, the neighborhoods we help strengthen, and the 4,600+ team members across 30 states, Washington, D.C., and Puerto Rico who make it all possible. As an award-winning owner, developer, and manager of high-impact, mixed-income apartment communities, we are proud to be one of the nation’s leading managers of multifamily housing and one of the largest operators of affordable housing communities. We bring together people who care about quality housing, meaningful service, and making a difference every day. Through our innovative resident services platform and commitment to exceptional communities, we offer career opportunities for individuals who want their work to create lasting impact.
Interested in learning more? Visit WinnCompanies to explore our benefits, mission, communities, and career opportunities.
About the Opportunity
WinnCompanies is looking for a driven and collaborative Development Asset Management Intern to join our corporate team in Boston, MA.
In this role, you will have the primary responsibility of working with the VP of Development Asset Management on various analytical projects that assist toward ensuring the effective execution of key residential real estate development performance metrics. This person will also assist as needed in the development accounting of Winn owned development properties from the time of initial offer through the stages of acquisition, construction, cost certification and breakeven
The pay range for this role is $20.00 - $25.00 per hour. The selected candidate will also adhere to the following schedule: Monday through Friday from 8:00AM to 5:00PM. This is a temporary position which is not eligible for Winn benefits.
Responsibilities: Assist Development Asset Management in various routine processes that WinnDevelopment utilizes for development projects, starting with the first stage of deal inception, through project completion and formal transition of the project to Winn’s Asset Management Group.
Assist Development Asset Management in producing and maintaining portfolio wide (multi-project) deal analytics, as needed for various departments including the Development team, Finance team, Asset Management, and key member of Senior Management.
Research limited partnership and other key deals documents as necessary, specifically to maintain WinnDevelopment business pipeline report (active construction and pre-development stage assets).
Upload closing documents and other material to central database portals.
Assist in the preparation of materials for development team meetings.
Assist Development Asset Management and Development Accounting Team in the preparation of monthly reconciliations and ad-hoc analyses needed for development project decisions.
Assist Development Accounting with daily tasks associated with the management of early-stage portfolio deals, including, but not limited to; weekly funding requests, journal entries, and processing payables.
Perform quarterly (and annual) financial reporting across the active development portfolio as instructed by Dev AM VP/Analyst. This includes producing financial reports, performing custom analysis as needed, and submitting to stakeholders.
Assist in preparing and updating various schedules in Excel which monitor deal performance and serve as key analytical tools for decision makers. This includes development cost allocation schedules based on set methodologies.
Assist with obtaining benchmark items in conjunction with investor equity installment releases.
Work closely with the Development Accounting Team to track and reconcile predevelopment costs prior to property acquisition.
Assist the Development Asset Management and Development Accounting team with the preparation of Development Team process memos and job aids as needed.
Assist in the preparation of year-end audit packages for review.
Assist in obtaining CPA firm information request items in conjunction with year-end audits and other agreed upon procedure reports.
Timely review and distribution of all development accounting internal and external mail.
Requirements:
Experience with computer systems which includes Microsoft Word & Excel.
Strong understanding of textbook accounting fundamentals.
Possess strong written and verbal communication skills in the English language.
Comfortable with communicating questions, concerns, etc.
Responsive team player with ability to prioritize among numerous pressing tasks.
Ability to focus, achieve deadlines and work with a dynamic team of professionals.
Pushing tasks through the completion process with proactive communication.
Positive attitude and a strong work ethic.
Must be able to legally work in the US.
Preferred Qualifications:
Previous applicable work experience preferred but not required.
Benefits & Perks
Eligible full-time U.S. employees enjoy a competitive benefits package, including:
Generous paid time off, paid holidays, sick time, a floating holiday, and a day of service
Medical, dental, and vision coverage, plus HSA, FSA, and dependent care savings options
401(k) with company match and company-paid life, AD&D, and long-term disability insurance
Tuition reimbursement, professional development opportunities, and career growth resources
Wellness programs, employee assistance resources, commuter benefits, and employee discount programs
Flexible work options for eligible positions Learn more about our benefits at
If you are a California Resident, please see our Notice of Collection here.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Salary will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Internal candidates, please apply here: Internal Careers Hub
Vacancy posted 14 hours ago
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