What are the responsibilities and job description for the Development Analyst - Dallas Regional Office position at Dominium Development and Acquisition LLC?
Dominium is helping tackle the affordable housing crisis – and we’re looking for motivated candidates to join our team and advance our mission. With offices in Atlanta, Dallas, Phoenix and Minneapolis, Dominium is one of the nation’s most respected and innovative affordable housing development and management companies. We create quality, affordable homes and engage with our residents to foster a strong sense of community and connection.
Join us in making a difference in people’s lives every day at a company where you can challenge yourself to develop both personally and professionally.
POSITION SUMMARY:
A Development Analyst is responsible for managing the full life cycle of the asset beyond post completion/conversion benchmarks such as securement of 8609s, finalizing tax credits delivery schedules, and ensuring receipt of all equity. Conducts financial feasibility studies, market analysis, and financial modeling to evaluate project profitability. They develop and maintain cash flow projections and supports acquisition analysis. The role involves compiling tax credit applications, coordinating due diligence for lenders and investors, and assisting in construction management. Additionally, they participate in site visits to monitor project progress and ensure quality control.
ESSENTIAL FUNCTIONS:
1. Manages the full life cycle of the asset beyond post completion/conversion benchmarks such as securement of 8609s, finalizing tax credits delivery schedules, and ensuring receipt of all equity.
2. Conducts detailed financial feasibility studies for new development and acquisition opportunities, including pro forma modeling and sensitivity analysis.
3. Conducts research on local real estate trends, pricing, and demand to identify potential investment opportunities and support market reports.
4. Assists in creating and maintaining financial models to evaluate project profitability, including income projections and ROI analysis.
5. Helps develop and maintain accurate cash flow projections for new developments, factoring in rental income, operating expenses, and financing costs.
6. Supports the evaluation of potential acquisitions by performing due diligence, property financial reviews, and market comparisons.
7. Supports the preparation of tax credit applications (e.g., LIHTC or Historic Preservation) by organizing documentation and ensuring accuracy.
8. Coordinates and complete due diligence items required by lenders and investors, ensuring all necessary documentation and compliance requirements are met.
9. Assists in the construction management and design process, working closely with architects, contractors, and project managers to ensure project timelines and budgets are adhered to.
10. Participates in site visits to monitor project progress, document issues, and collaborate with construction teams to maintain quality control.
11. Handle additional projects as assigned.
QUALIFICATIONS: (Knowledge, Skills, Abilities, Education, Training and Experience.)
- Bachelors degree in Real Estate, Finance or related field.
- Previous participation in real estate clubs/groups and real estate or finance experience preferred.
- MS Office experience including advanced knowledge in Excel.
- Ability to manage multiple projects with strong organizational skills.
- Strong mathematics and analytical reasoning skills.
- Ability to work independently with minimal supervision.
About Us: Dominium is a purpose-driven leader in affordable housing. We operate in approximately 20 states, supported by a team of over 1,300 dedicated employees. For more than 50 years, we have delivered excellence in the development and management of affordable housing communities across the United States. Dominium’s values – EDGE: Entrepreneurial Innovation, Developing People, Growth Mindset and Execution – guide us in fulfilling our Purpose: to provide quality, affordable housing that builds Enduring Value for our residents, employees, communities and financial partners. We believe housing provides dignity, and our work has a positive, lasting impact on the lives of individuals and families – often for generations. Our properties last for decades, leaving a lasting impact in the communities where they are located.
We offer a competitive salary, an incentive bonus program, training and development programs, career growth and community volunteer and outreach programs. We also provide a comprehensive benefits package for eligible employees, including Basic Life and AD&D; Employee, Spouse and Child Supplemental Life and AD&D; and Short and Long-Term Disability insurance. We also offer Medical, Dental and Vision coverage, with optional Health Savings Accounts, as well as Medical and Dependent Care Flexible Spending Accounts. We offer Voluntary Benefits (Accident, Critical Illness, Whole Life) and an Employee Assistance Program. Additionally, you have access to a 401(K) plan, Health and Financial Wellness Programs, Paid Time Off including Paid Holidays and Floating Holidays, Paid Parental Leave, Education Reimbursement, Employee Recognition and the Dominium Employee Emergency Fund.
Dominium is committed to providing equal employment opportunities to qualified applicants and employees. Dominium prohibits employment discrimination on race, color, creed, religion, national origin, citizenship, sex (including sexual orientation and gender identity), pregnancy, marital status, familial status, status with regard to public assistance, disability, membership or activity in local commission, veteran status, military status, age, genetic information, union membership, use of lawful consumable products, or any other category protected by applicable state or federal law.
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Equal Opportunity Employer
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