Flaherty & Collins Properties

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Senior Development Associate (Finance)



 
 

Senior Development Associate

Location: Corporate Office - Indianapolis, IN

Creating Value Through Vibrant Communities 

With expertise in market-rate, affordable, and mixed-use communities, we specialize in innovative public and private partnerships. Since 1993, we've delivered over $3 billion in developments and maintain a robust pipeline exceeding $1 billion. 

Our purpose—Creating Value Through Vibrant Communities—drives everything we do. Guided by our core values, we foster a dynamic and collaborative environment: 

  • Diligent

  • Winning Mindset

  • Respectful Team Player

  • Humbly Confident

  • Integrity

Join our award-winning team! In 2024, we were recognized for our people-first work culture by Top Workplaces (Real Estate Industry) and named Management Company of the Year at the Midwest Prodigy Awards.  

If you're passionate, driven, and ready to thrive, we want to hear from you. Apply today and start building a brighter future with Flaherty & Collins Properties! 

  

Senior Development Associate

Are you a seasoned multifamily development professional who thrives in a fast-paced, collaborative environment? Do you enjoy managing complex projects, coordinating with cross-functional teams, and seeing your work come to life in real communities? As a Senior Development Associate, you'll lead multifamily housing developments through every stage of the process, from site selection to lease-up.  The Senior Development Associate will play a key role in managing all aspects of the development process for both market-rate luxury multifamily projects and affordable housing projects.

What You'll Do:

  • Assist in sourcing, evaluating, and securing new development opportunities across both market-rate and affordable housing sectors.

  • Manage and coordinate due diligence, site analysis, underwriting, and financial modeling for prospective projects.

  • Oversee the project team to ensure adherence to timelines, budgets, and quality standards.

  • Collaborate with senior leadership to define project goals and strategies.

  • Track and respond to RFPs/RFQs/RFIs as needed by the development team and leadership.

  • Work with internal design and pre-construction teams to ensure projects align with redevelopment agreements, municipal requirements, and local ordinances.

  • Ensure projects deliver on commitments to the community, local agencies, and project partners.

  • Develop and manage project budgets, ensuring the project is delivered within financial targets.

  • Track financing progress, including maintaining investor database and conducting financial analysis, including cost estimation, risk assessments, and securing financing.

  • Manage contract compliance with municipal and/or project partners.

  • Coordinate with internal and external teams to ensure compliance with zoning laws, environmental regulations, building codes, and development agreements.

  • Maintain working knowledge of housing finance agency funding, reporting, and compliance requirements, including Qualified Allocation Plans (QAPs) for LIHTC projects.

  • Attend and actively participate in OAC (Owner/Architect/Contractor) meetings, documenting notes and action items.

  • Monitor construction progress and ensure contract compliance with project specifications, timelines, and budgets.

What Makes You a Great Fit:

  • Bachelor's degree in Real Estate, Business, Construction Management, Urban Planning, or a related field.

  • You have 3+ years of experience in real estate development, project management, or construction management, preferably with both market-rate and affordable housing projects.

  • You possess a strong understanding of development processes, including site selection, financial modeling, design, construction, and project delivery.

  • You're a strategic thinker and problem-solver who thrives on collaboration.

  • You have excellent communication and interpersonal skills, with experience working across departments and with external stakeholders.

  • You're proficient in financial modeling, underwriting, and development analysis tools.

  • You have strong project management and organizational skills, with the ability to manage multiple priorities.

  • You have experience in managing project budgets and timelines.

  • You have the ability to work independently as a self-starter and as part of a team, with strong problem-solving and decision-making skills.

  • You're proficient in Microsoft Office Suite.

  

Benefits Package:

  • Health Benefits: Medical, Vision & Dental Insurance 

  • Wellness Benefits: Employee Assistance Program 

  • Virtual Doctor Visits 

  • Retirement Planning: 401k program with a company match 

  • Employer-Paid Life Insurance 

  • Paid Time Off- Personal Time, Birthday, Diversity Day, and 8.5 Holidays. 

  • Paid Parental Leave 

  • Rental Discounts 

  • Industry Memberships 

  • Company Events 

  • Volunteer Opportunities 

  • Employer-Paid Training & Certifications 

  • Employee Referral Program 

  • Bonus Opportunities 

 
  

Flaherty & Collins Properties is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. 

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