What are the responsibilities and job description for the Development Asset Management Intern (Boston HQ) position at WinnCompanies?
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 rate for this role is $20.00 per hour. The selected candidate will also adhere to the following schedule: Monday through Friday from 9:00AM to 5:00PM. This is a temporary position which is not eligible for Winn benefits.
Responsibilities
Regular full-time US employees are eligible to participate in the following benefits:
A job you can be proud of: WinnCompanies is a nationally recognized leader in apartment community management and development. Our team members are committed to helping people in the communities we serve and making a positive difference in their lives.
A job that challenges you: Our employees are responsible for our growth and success, and we challenge our team members to always be their best in our fast-paced, dynamic and rewarding workplace.
A job you can learn from: We offer multi-faceted leadership and learning opportunities to support our team members’ career growth and professional development.
A team that cares: We value teamwork, innovation, diversity and mutual respect. Through our recognition and rewards programs, we’re committed to celebrating and uplifting our team members.
About Us
WinnCompanies is a mission-driven, national business focused on building and operating top quality affordable housing communities for individuals and families of all incomes, including members of the U.S. Armed Forces and their families. Our people are the source of our success – 4,300 team members working together to create the best possible living communities in 27 states, Washington, D.C., and Puerto Rico.
Whether your skills are in operations, maintenance, leasing, compliance, marketing, IT, HR, accounting or finance, there’s a role for you at WinnCompanies. Your passion for excellence can help us make a positive impact in the lives of real people every day.
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
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 rate for this role is $20.00 per hour. The selected candidate will also adhere to the following schedule: Monday through Friday from 9:00AM 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.
- 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.
Regular full-time US employees are eligible to participate in the following benefits:
- Generous time off policies (including 11 paid holidays (12 for MA employees); Generous Accrued Time Off increasing with years of service; Generous paid sick time; Annual day of service; Floating Holiday)
- 401(k) plan options with a company match
- Various Comprehensive Medical, Dental, & Vision plan options
- Flexible Spending Account, Dependent Care Flexible Spending Account, Health Savings Account options with HSA annual employer contribution
- Long Term Disability and voluntary Short Term Disability; Basic Term Life Insurance and AD&D; optional supplemental life insurance
- Health Expense Reimbursement program (including gym memberships, equipment, and subscriptions)
- Tuition Reimbursement program and continuous training and development opportunities
- Wellbeing program (group challenges, seminars, opportunities to earn points to reduce medical premiums), Employee Assistance Program, & Commuter and Parking Reimbursement options
- Employee Corporate Discount Programs
- Flexible and/or Hybrid schedules are available for certain roles
- Employee Relief Program supporting employees with unexpected hardships that place undue financial stress on them and their families
- To learn more, visit winnbenefits.com
A job you can be proud of: WinnCompanies is a nationally recognized leader in apartment community management and development. Our team members are committed to helping people in the communities we serve and making a positive difference in their lives.
A job that challenges you: Our employees are responsible for our growth and success, and we challenge our team members to always be their best in our fast-paced, dynamic and rewarding workplace.
A job you can learn from: We offer multi-faceted leadership and learning opportunities to support our team members’ career growth and professional development.
A team that cares: We value teamwork, innovation, diversity and mutual respect. Through our recognition and rewards programs, we’re committed to celebrating and uplifting our team members.
About Us
WinnCompanies is a mission-driven, national business focused on building and operating top quality affordable housing communities for individuals and families of all incomes, including members of the U.S. Armed Forces and their families. Our people are the source of our success – 4,300 team members working together to create the best possible living communities in 27 states, Washington, D.C., and Puerto Rico.
Whether your skills are in operations, maintenance, leasing, compliance, marketing, IT, HR, accounting or finance, there’s a role for you at WinnCompanies. Your passion for excellence can help us make a positive impact in the lives of real people every day.
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
Salary : $20