Multifamily Development Analyst/Management Roles
Hello! I'm coming up on a little over a year in a hybrid development analyst/manager role at a multifamily developer/GC and I'm starting to think about a move to Chicago. My current role has me very involved in the permitting, design, and site qualification processes, while also being responsible for underwriting and lender requests.
I would love to find another job that keeps me involved in both processes - but it seems that the majority of dev analyst roles don't include much of the design/site feasibility work. Also doesn't look like many firms are hiring.
Would love input from anyone who has navigated something similar. Thanks
Based on the most helpful WSO content, your current hybrid role is quite unique, as it combines both development management and analytical responsibilities. Transitioning to a similar role in Chicago might be challenging, but not impossible. Here are some insights and tips:
Hybrid Roles Are Rare but Valuable: Many development analyst roles focus heavily on underwriting, financial modeling, and lender relations, while development management roles lean more into permitting, design, and site feasibility. Finding a position that blends both might require targeting smaller or mid-sized firms where employees often wear multiple hats.
Target Firms with Integrated Teams: Look for firms that handle both development and construction in-house (like your current GC/developer setup). These firms are more likely to offer roles that span both analytical and management responsibilities.
Chicago Market Insights:
Networking Is Key: Since you mentioned that hiring seems slow, networking will be crucial. Attend real estate events in Chicago, connect with professionals on LinkedIn, and leverage any alumni networks or industry groups you’re part of.
Positioning Your Experience: Highlight your unique blend of skills in your resume and interviews. Emphasize your ability to bridge the gap between design/site feasibility and financial analysis, as this is a rare and valuable combination.
Consider Development Manager Roles: If finding a hybrid role proves difficult, you might consider development manager positions. These roles often involve design and permitting responsibilities, and you could leverage your analytical background to stand out.
Be Patient and Strategic: The hiring market can be cyclical, and opportunities may open up as projects progress or new developments are announced. Keep an eye on firms expanding in Chicago and be ready to act when the right role appears.
Good luck with your move and job search! Chicago’s multifamily market offers plenty of opportunities for someone with your skill set.
Sources: Life at Mega Developers, What are characteristics of a "good role" in CRE?, Life at Mega Developers, Would you ever consider working in Residential Development?
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