What are the responsibilities and job description for the Development Associate position at Merrimac Ventures?
About Merrimac Ventures
Merrimac Ventures is a leading South Florida real estate development firm with over 30 years of experience and more than $3 billion in completed and active development. Our portfolio spans the full spectrum of residential real estate, with deep expertise in luxury condominium and multifamily development across Miami-Dade, Broward, and Palm Beach counties.
Position Summary
Merrimac Ventures is seeking a driven and detail-oriented Development Associate to join our growing team. This role offers a unique opportunity to work on high-profile multifamily and condominium projects across South Florida under the direct mentorship of the Senior Vice President of Development.
Key Responsibilities
Project Management & Execution
• Lead and manage select development projects from predevelopment through delivery
• Support the SVP of Development on large-scale multifamily and condo projects
• Prepare and maintain detailed project schedules, budgets, and milestone trackers
• Coordinate with architects, engineers, contractors, and consultants
Feasibility & Financial Analysis
• Conduct financial modeling and pro forma analysis for potential acquisitions
• Perform market research and competitive analysis to support investment decisions
• Assist in site selection, due diligence, and underwriting for new projects
• Analyze entitlement risk, construction costs, and return scenarios
Entitlements & Permitting
• Manage entitlement and permitting processes with municipalities and regulatory agencies
• Coordinate land use applications, rezoning requests, and variance submissions
• Track regulatory timelines and proactively resolve permitting risks
Design & Construction Coordination
• Participate in design review meetings and provide feedback
• Review construction documents and RFIs; manage design change processes
• Conduct regular site visits and provide status reporting to senior leadership
Stakeholder & Vendor Management
• Build and maintain relationships with brokers, lenders, equity partners, and local officials
• Support preparation of investor presentations and lender packages
• Assist in negotiation and execution of contracts with consultants and vendors
Qualifications
Required:
• Bachelor's degree in Real Estate, Finance, Urban Planning, Architecture, Civil Engineering, or related field
• 2–5 years of experience in real estate development, investment, or related field
• Demonstrated experience with financial modeling and pro forma analysis (Excel required)
• Familiarity with South Florida's real estate market, municipalities, and regulatory environment
• Strong organizational and communication skills
Preferred:
• Experience in multifamily and condominium development
• Master's degree in Real Estate Development (MRED), MBA, or equivalent
• Familiarity with construction management and contractor coordination
• Established relationships in the South Florida development community
• Proficiency with Procore, Microsoft Project, or similar tools
What We Offer
• Competitive base salary commensurate with experience
• Performance-based bonus program
• Comprehensive health, dental, and vision benefits
• Direct mentorship from senior leadership with a clear path for advancement
• Exposure to South Florida's most significant high-profile development projects
• Collaborative, entrepreneurial work culture
Merrimac Ventures is an equal opportunity employer.