Development Analyst

Company Overview

The Runnymede Corporation is a commercial real estate development and management firm based in Virginia Beach, Virginia. We manage a diverse portfolio across the southeastern United States, including Class A office buildings, shopping centers, self-storage facilities, office/warehouse spaces, mixed-use projects, and light industrial buildings.

Our development approach is rooted in a deep passion for and commitment to our communities. We begin every project by asking what represents the highest and best use of a parcel—not just for today, but for generations to come. This long-term perspective guides our decision-making and reflects our dedication to artistic excellence, community relevance, and sustainability.

Real Estate Development Analyst

Employment Type: Full-Time

Experience Level: 2-5 Years

Position Overview

Runnymede is seeking a detail-oriented Real Estate Development Analyst to join our development team. The ideal candidate will have 2-5 years of experience in real estate analysis, financial modeling, and with exposure to development. The Development Analyst provides support throughout the entire development process through financial analysis, market research, and project coordination. This position reports directly to the COO and serves an integral function within the development team.

Key Responsibilities

Financial Analysis & Modeling

• Develop dynamic financial models for a range of commercial development projects, including proformas, cash flow projections, and sensitivity analyses
• Update financial models to reflect changes in project costs, finance terms, market conditions, and project timelines.
• Conduct investment projections and analysis using metrics such as development yield, cash-on-cash returns, and debt service coverage ratios
• Prepare feasibility and scenario analysis based on investment criteria for potential projects.

Market Research & Due Diligence

• Perform market analysis to provide data such as market rental rates/expenses, comparable sales, absorption rate projections, and land costs.
• Support the due diligence process, including compiling property data, reviewing zoning and regulatory information, and coordinating with consultants
• Support the property rezoning process by assembling the required documentation and tracking progress

Project Support

• Reconcile project invoices and construction draws to contract terms.
• Track project costs to ensure they align with the budget. Provide variance reporting and analysis for changes in project costs.
• Forecast project cash requirements based on project progress and draw schedules.
• Track project progress against the project schedule and provide updates on delays and critical path items.
• Create development reports and presentations to inform the executive team and project stakeholders of project status, budget variance, special presentations, etc.
• Schedule and participate in meetings and site visits with project teams and consultants. Prepare and organize detailed meeting notes
• Ensure project files such as construction documents, concept renderings, contracts, DD materials, etc. are organized and updated throughout the project cycle.
• Coordinate with Asset Management on operating budgets, project documents, and warranty information to facilitate project turnover.

Required Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, Business Administration, or related field
• Experience in real estate development, investment analysis, or commercial real estate
• Strong analytical and quantitative skills with attention to detail
• Proficiency in Microsoft Excel; familiarity with financial modeling is a plus.
• Ability to prepare effective presentations and reports
• Ability to manage multiple projects simultaneously and meet tight deadlines

Preferred Skills:

• Exposure to real estate financial software (e.g., Argus, CoStar) is a plus.
• Strong knowledge of the real estate development process, financing structures, and market dynamics