Buckingham Companies · 2 hours ago
Investment Analyst, Development
US-IN-Indianapolis
Full-time
Onsite
Mid, Senior Level
2+ years expBuckingham Companies is a recognized leader in real estate development, and they are seeking an Investment Analyst to support the acquisition and execution of development projects. The role involves underwriting opportunities, managing risk, and collaborating with senior professionals to ensure successful project delivery.
Real Estate
Responsibilities
Underwrite ground-up development and redevelopment opportunities from initial feasibility through investment approval
Build and maintain development financial models incorporating budgets, schedules, operating assumptions, and exit scenarios
Synthesize zoning, entitlement, design, construction, market, and negotiated deal inputs into clear feasibility conclusions
Identify key development risks and evaluate their impact on cost, schedule, and returns
Coordinate due diligence activities including zoning and entitlement review, environmental and geotechnical reports, surveys, and market studies
Interface with municipalities, consultants, and third-party advisors to advance entitlement, permitting, and incentive-related efforts
Translate diligence findings into underwriting adjustments and development strategy recommendations
Support transaction execution, including land acquisitions, joint venture formations, and financing processes
Analyze sources and uses, capital stacks, and return waterfalls across alternative financing and joint venture structures
Evaluate the impact of leverage, pricing, timing, lender terms, and public incentives, including tax increment financing, on project returns
Assist in the preparation of lender and equity partner materials and coordinate with legal counsel through closing and capitalization milestones
Support development execution by actively tracking approved budgets, schedules, and entitlement milestones used in underwriting
Coordinate with architects, engineers, general contractors, and other consultants to ensure execution remains aligned with approved business plans
Assist with project closeout and transition to asset and property management
Prepare investment memoranda and supporting analyses for internal approvals
Present underwriting, development updates, and recommendations informed by risk and return analysis to senior leadership and Investment Committee
Assist with ongoing project and investor reporting as projects advance
Track market data and trends across Buckingham target markets, including rents, absorption, construction costs, capital markets, and policy or regulatory changes
Incorporate market insights into underwriting assumptions, feasibility analysis, and investment recommendations
Oversee and review work prepared by Investment Analysts supporting assigned projects
Delegate underwriting, modeling, and research tasks while maintaining accountability for analytical quality and conclusions
Coach analysts on how development decisions affect risk, returns, and capital outcomes
Qualification
Required
Minimum of 2 years of experience in real estate development, investments, or a related role with direct exposure to development underwriting and execution
Demonstrated experience building and maintaining development financial models, including sensitivity and scenario analysis
Working knowledge of zoning, entitlements, and the development process from site acquisition through construction
Experience supporting financing and transaction execution, including exposure to capital stacks, joint ventures, and return waterfalls
Experience with public incentive processes, including tax increment financing, abatements, or other development-related incentive programs
Strong understanding of the deal negotiation process and how negotiated terms translate into underwriting assumptions and investment outcomes
Bachelor's degree in Real Estate, Finance, Economics, Engineering, or a related field
Strong written and verbal communication skills with the ability to explain assumptions, risks, and conclusions clearly
Preferred
Ground-up development experience in multifamily, mixed-use, or other complex real estate projects
Deeper experience with joint venture structuring, promote mechanics, and return waterfall analysis
Exposure to land acquisition negotiations and development-related legal documentation
Experience preparing investment memoranda or materials for internal approvals, lenders, or equity partners
Familiarity with working across development, construction, asset management, and capital market teams
Demonstrated ability to oversee or review work prepared by junior team members
Benefits
Paid tuition and certification programs
Executive coaching
Company
Buckingham Companies
Buckingham Companies is a real estate firm specializing in property development, investment, and management services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Bradley B. Chambers
Founder, President and CEO
Kristie Arnst
Executive Vice President
Recent News
Inside INdiana Business
2025-10-20
Rochester Business Journal
2025-03-26
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