Development Investments Associate: Underwriting & Diligence

Location San Diego - 350 Camino De La Reina, Suite 140 Role & Responsibilities Investment Underwriting & IC Materials Build, maintain, and audit project-level financial models in Excel (development cash flows, sources/uses, financing, sensitivities, scenario analysis, and returns). Perform market and deal-specific research (comps, rent/expense assumptions, supply/demand, capital markets context) to support underwriting. Draft and help finalize investment committee memos and supporting exhibits; synthesize key risks, mitigants, and recommendations. Support evaluation of partnership structures (including PPP) and the related economics, incentives, and constraints. Pipeline Management & Team Reporting Prepare recurring updates for senior team members on pipeline, active underwriting, and key workstreams. Create clear, organized materials for internal stakeholders to align on priorities and decisions. Development Execution & Due Diligence Support Support diligence processes by coordinating information flow across internal teams and third parties (consultants, counsel, design/construction, etc.). Track diligence items, open questions, and deliverables; maintain clean documentation and version control. Assist with schedule and milestone tracking across predevelopment, entitlements/approvals, and construction planning. Budgeting, Business Planning & Asset Management Support Support budget updates and periodic reporting for projects and assets (variance analysis, key drivers, forward‑looking risks/opportunities). Assist with annual/quarterly business planning inputs, including scenario analysis and strategic initiatives. Partner with Asset Management on ongoing analytics tied to operating performance and value creation initiatives. Cross-Functional & External Coordination Coordinate with internal teams including Investments, Asset Management, Development, Finance/FP&A, Legal, Leasing, Design & Construction, and Marketing. Support engagement with external stakeholders relevant to complex development and PPP processes (public agencies, community stakeholders, partners, and advisors), including preparation of presentations/materials as needed. Your Qualifications Bachelor’s degree in finance, real estate, economics, engineering, or a related field. 4-7 years of experience in real estate investing/development (preferably multifamily), investment banking, private equity, lending, valuation/advisory, or a related analytical role. Strong Excel modeling capability; able to build and pressure‑test models with limited supervision. Strong written communication skills—able to turn analysis into clear narrative and investor-style materials. Highly organized and detail-oriented; able to manage multiple concurrent priorities and deadlines. Comfortable operating in ambiguity and navigating complex, highly structured transactions. Collaborative working style; proactive follow-through and strong ownership of deliverables. Preferred Exposure to development underwriting, entitlements/approvals, construction budgeting, or PPP structures. Experience supporting investment memoranda and senior decision-makers in a fast‑paced environment. Compensation & Benefits Salary Type: Exempt Pay Frequency: Bi-weekly Annual Base Salary Range: $130,000 - $150,000 Medical & Pharmacy Coverage: Yes, under Brookfield Medical Plan Dental Coverage: Yes, under Brookfield Medical Plan Vision Coverage: Yes, under Brookfield Medical Plan Retirement: 401(k) Insurance: Employer-paid life & short/long term disability Brookfield Properties is an equal opportunity employer, and we foster an inviting, inclusive and collaborative environment. We are proud to create a diverse environment and are proud to be an equal opportunity employer. #J-18808-Ljbffr Brookfield Properties