Analyst, Development & Construction Management

JLL supports the Whole You, personally and professionally.

Our people at JLL are shaping the future of real estate for a better world by combining world class services, advisory and technology to our clients. We are committed to hiring the best, most talented people in our industry; and we support them through professional growth, flexibility, and personalized benefits to manage life in and outside of work. Whether you've got deep experience in commercial real estate, skilled trades, and technology, or you're looking to apply your relevant experience to a new industry, we empower you to shape a brighter way forward so you can thrive professionally and personally.

Project Management: The Analyst will assist in the management of development projects as JLL's owner representative in cooperation with joint venture developer partners or fee developers. The Analyst will work with third-party construction consultants and in-house accounting to ensure the timely funding and successful completion of all aspects of the development, including:

• Oversee design development, pre-construction, and value engineering process with developer, architect, and contractors to ensure functional designs that meet market demand and which can be constructed within budget and schedule.

• Review developer's proposed bidders and bid packages, review construction bids, review general contractor qualifications, review construction contract with advice from legal counsel, and ensure appropriate bonding and insurance coverage, in conjunction with JLL's construction and insurance consultants.

• Attend progress meetings and monitor construction progress to ensure compliance with project budget, schedule and quality standards of client and insurance carrier.

• Manage project budget and cash flows; assemble and process draw packages; review and approve funding requests and construction draws from developer and general contractor.

• Review and recommend approval of proposed change orders in consultation with the developer, architect, and construction consultant, and maintain accurate records of proposed and approved changes to contracts.

• Provide project-level status reports on a timely and accurate basis.

• Assist in the transition of the project from Development & Construction Management over to Asset Management as the project nears substantial completion, including contract and punch list close-out.

• Complete special and ad hoc internal and external projects, as assigned.

Investments: The Analyst of Development will assist in the pursuit, due diligence, and closing of new development projects, working in collaboration with JLLs Investment team to:

• Assess the viability of plans, budget and schedule of prospective projects on behalf of various clients.

• With assistance from legal counsel, review status of entitlements, zoning, title, survey, land purchase agreements, and construction contracts.

• With assistance from consultants, review project costs and schedule, and environmental, geotechnical, and construction studies and reports.

• Assist in the writing and presenting of Investment Memorandums to JLL's Investment Committee for approval.

• Interact with brokers, sellers, developers, etc. to accurately understand and determine transaction assumptions and risks associated with potential investment opportunities.

• Assist in the negotiation of land purchase contracts, joint venture agreements, and development services agreements.

• Present summary findings of due diligence and recommendations to client for final approval.

SUPERVISORY RESPONSIBILITIES

No Supervisory responsibilities assigned.

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Highly proficient in MS Excel with ability to create detailed budgets / cash flows for development projects and perform pro forma models

• Proficiency in PowerPoint and Word

• Proficiency in scheduling software (MS Project; Primavera; etc.) is a plus

• Cumulative exposure to most phases of ground-up development projects (entitlement/pre-dev, construction, close-out)

• Thrives in a varied work environment, managing several projects at once with ability to work independently and with acute attention to detail

• Skilled in creating development project budgets and schedules, monitoring construction budgets and schedules, reviewing construction draws, tracking change requests and change orders, preparing quarterly status reports for senior management, and assisting in the close-out of contracts and punch lists

• Ability to travel

EDUCATION and/or EXPERIENCE

A four-year undergraduate college degree in construction management, business administration, engineering, or architecture preferred. Candidates should have at least two years of experience in real estate development, project management, and/or construction, and will have worked for a developer, general contractor, REIT, opportunity or value-add fund, real estate advisor, or similar organization.

LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, and/or governmental regulations, write reports, business correspondence, and procedure manuals, and effectively present information to the relevant internal and external stakeholders.

MATHEMATICAL SKILLS

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry. Knowledge of business statistics, regression analysis, and finance preferred.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, verbal, diagram, or schedule form.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and use their hands. The employee is occasionally required to stand and walk. Specific vision abilities required by this job include close vision.

Out of state travel may be required.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

The work environment is fast paced and often requires flexibility in regard to scheduled tasks and number of hours worked. The Analyst is expected to efficiently manage their time in effort to keep normal business hours, however, must be willing to work non-business hours if required to meet core job responsibilities or urgent business needs.

Location:

On-site -Bethesda, MD

If this job description resonates with you, we encourage you to apply, even if you don't meet all the requirements. We're interested in getting to know you and what you bring to the table!

Personalized benefits that support personal well-being and growth:

JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:

• 401(k) plan with matching company contributions

• Comprehensive Medical, Dental & Vision Care

• Paid parental leave at 100% of salary

• Paid Time Off and Company Holidays

• Flexible and Remote Work Arrangements may be available

JLL Privacy Notice

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Generally the personal information we collect from you are for the purposes of processing in connection with JLL's recruitment process. We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely.

For more information about how JLL processes your personal data, please view our Candidate Privacy Statement.

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For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.

This position may require you to be fully vaccinated against COVID-19. If required, you'll be asked to provide proof that you're fully vaccinated upon your start date. You're considered fully vaccinated two weeks after you receive the second dose of a two-dose vaccine series (e.g., Pfizer or Moderna) or two weeks after a single-dose vaccine (e.g., Johnson & Johnson/Janssen). Failure to provide proof of vaccination may result in termination.

Jones Lang LaSalle ("JLL") is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process - including the online application and/or overall selection process - you may contact us at Accommodation Requests. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.