Development Associate

Ward Village, a Howard Hughes master-planned community, is a 60-acre master-planned community in the heart of Honolulu, located between downtown and Waikīkī, along O ahu’s south shore.

Honoring the distinct history of its land, Ward Village is at the forefront of sustainable community development - integrating striking architecture, local culture, and public open space.

At full build-out, the community will include approximately one million square feet of unique retail and thousands of homes, in what Architectural Digest named Best-Planned Community in the United States.

Ward Village is the first-ever LEED ND Platinum-certified master-planned community in the country, and the only in Hawai i.

At the forefront of sustainable development, it features public amenities at a scale not offered by any other urban community in the state.

For more information, visit www.wardvillage.com.

• Howard Hughes owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned cities and communities, as well as operating properties and development opportunities including : the Seaport District in New York;
• Columbia, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas;

and Ward Village® in Honolulu, Hawai i. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country.

Dedicated to innovative place making, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities.

Howard Hughes is traded on the New York Stock Exchange as HHH.

ABOUT THE ROLE :

We are seeking a Development Associate to drive the decision support, analytics and reporting for the Development team in our Honolulu office at Ward Village.

This position will play an instrumental role in defining how we measure business performance, building and maintaining our financial models, and preparing ad hoc analyses in response to questions from internal and external stakeholders.

This individual will be responsible for all aspects of project financial underwriting, forecasting, and reporting and will cultivate partnerships with various stakeholders to drive strategic and financial results.

The ideal candidate must be a self-starter with excellent quantitative skills, a strong academic record, and a passion for real estate development.

WHAT YOU WILL DO :

Play a key role in the financial analysis of existing and future development opportunities

Create and update underwriting models in excel for retail, residential, and mixed-use projects

Perform ad-hoc financial modeling to analyze impact of various scenarios on project yields

Contribute to the preparation of investment memorandums and presentations

Provide project management support throughout the development process of design, entitlement, sales, construction, financing and closing phases

Support the creation of lender offering memorandums, reporting requirements and due diligence

Create and manage project schedules, budgets, cost exposures, and revenue forecasts

Lead the coordination, organization, and execution of monthly budgeting, quarterly forecasting, and financial business case development

Acquire and maintain an understanding of the strategies, priorities, and issues of the Development team

Proactively communicate business implications observed from analyses, contribute ideas and solutions to business challenges / problems, and provide insight though analysis

Proactively identify and lead opportunities for process improvements and simplification

Establish and maintain relationships with a broad base of key stakeholders and serve as a key point of contact for financial matters

ABOUT YOU :

4 or more years of relevant work experience with a bachelor’s degree in finance, engineering, accounting, mathematics, economics, statistics or related quantitative field

At least 2 years of relevant financial analysis work experience in FP&A, corporate finance, investment banking, management consulting, or real estate finance

Ability to apply relevant financial theory and analysis and develop financial models

Highly proficient with MS Excel and MS PowerPoint

Proven expertise in modeling techniques, managing large data sets, comparative analysis, budgeting, forecasting, and ability to create and structure a financial model with evolving terms

Fundamental understanding of structured finance, loan terms, financial due diligence process, and GAAP accounting

Outstanding analytical and quantitative skills, ability to resolve tough business problems with well-structured analyses

Exceptional time management, organizational and prioritization skills are required to succeed in a fast-paced environment, managing multiple projects with significant responsibilities and competing priorities, often with minimal supervision

Extremely high attention to detail and strong desire to grow and learn the business

Proactive, resourceful, and creative in fully utilizing available resources and data to provide insightful analysis

Exceptional communication skills both verbal and written

Self-starter that is pro-active and resourceful a can-do attitude

Interest in mixed use development : residential (primary focus), commercial / retail, or other

Professional presentation skills and public speaking capability

Demonstrable ability to generate positive working relationships with employees at all levels within the organization

Howard Hughes follows a hybrid work schedule and physical presence is required onsite

NOTICE TO THIRD PARTY AGENCIES :

Please note Howard Hughes does not accept unsolicited resumes from recruiters or employment agencies. In the absence of a signed Recruitment Fee Agreement, Howard Hughes will not consider or agree to payment of any referral compensation or recruiter fee.

In the event a recruiter or agency submits a resume or candidate without a previously signed agreement, Howard Hughes explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency.

Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Howard Hughes.

This job description is not meant to be an all-inclusive list of the duties and responsibilities of this job. Other related duties and responsibilities may be assigned.

Howard Hughes reserves the right to change or modify job duties as necessary based on business necessity.