Development & Asset Management Associate
Location
West Palm Beach, Florida, United States
Work type
Onsite
Employment
Full Time
Experience
2-5 years
Compensation
Compensation not disclosed
Posted
2d ago
Summary and responsibilities
Role overview
Summary
This role supports the execution, financial tracking, and ongoing management of ground-up development and redevelopment projects within Sterling Organization's industrial/logistics real estate portfolio. Key responsibilities include managing project budgets, construction draws, lender coordination, and developing advanced financial models to ensure projects align with business plans and investor objectives.
Sterling Organization is seeking a Development & Asset Management Associate to support the execution, financial tracking, and ongoing management of ground-up development and redevelopment projects across its industrial/logistics real estate portfolio. This role is responsible for project-level budgets, construction draw management, lender coordination, and project-level support to ensure development and redevelopment initiatives are executed on time and in alignment with approved business plans, budgets, lender requirements, and investor objectives.
This role combines strong financial modeling capabilities with hands-on project support, including loan draw processing, capital expenditure forecasting, budget tracking, reporting, and coordination with internal teams and external partners. The ideal candidate must have experience within a major institutional real estate environment, with warehouse sector experience preferred.
Key Responsibilities
Support development and construction activities across assigned projects, including budget tracking, cash flow forecasting, schedule monitoring, and project-level reporting.
Prepare, review, and process loan draw packages, including coordination of required documentation, funding requests, lender submissions, approvals, and related follow-ups.
Develop, maintain, and enhance advanced financial models to support development underwriting.
Track project budgets, commitments, change orders, invoices, contingency usage, and forecasted costs to completion, identifying variances and escalating potential risks or budget pressures.
Partner with internal Development, Construction, Investments, Asset Management, Finance, Accounting, Legal teams, and external consultants to ensure timely and accurate project execution and reporting.
Assist in preparing internal and external reporting materials, including project status updates, budget-to-actual summaries, cash flow analyses, lender reports, investor materials, and management presentations.
Monitor project risks and opportunities through detailed financial, operational, and market analysis, and assist in developing recommendations to improve project outcomes.
Qualifications & Experience
Bachelor’s degree in Finance, Real Estate, Accounting, Construction Management, Engineering, Economics, or a related field required.
2–5 years of relevant experience in real estate development, construction finance, real estate investment, lending, or related financial analysis.
Experience working within an institutional real estate platform, investment manager, developer, lender, or owner/operator required.
Warehouse, industrial, or logistics real estate sector experience preferred.
Advanced financial modeling skills required and strong proficiency in Excel required, including experience building, maintaining, and interpreting development, construction, and cash flow models.
Experience with development budgeting, capital expenditure tracking, loan draw processing, project reporting, and related financial tools preferred.
Understanding of development and construction processes, including project budgeting, contract administration, change orders, schedules, capital draws, and cost-to-complete analysis.
High attention to detail with strong organizational skills and the ability to manage multiple projects, deadlines, and workstreams simultaneously.
Excellent written and verbal communication skills, including the ability to prepare clear financial analyses, project updates, and reporting materials for internal and external stakeholders.
Strong ownership mentality, sound judgment, and a hands-on, problem-solving attitude capable of thriving in a fast-paced, entrepreneurial environment.
Ability to work effectively with cross-functional teams and external partners while maintaining accuracy, accountability, and professionalism.
Updated 2d ago
Candidate fit
Skills and qualifications
Additional skills
Experience
2-5 years
How this role is positioned
Role classification
Job domains
Industries
Employment
Full Time
Contract duration
Permanent
Hiring type
Direct
Global hiring
Location specific
Offer details
Compensation and benefits
Compensation
Compensation not disclosed
Benefits and perks
Location, schedule, and role shape
Work setup
Work conditions
Bandwidth profile
Context on the employer
Company snapshot
Company
Sterling Organization
Team size
Growing team
Location
West Palm Beach, Florida, United States
Sterling Organization is seeking a Development & Asset Management Associate to support the execution, financial tracking, and ongoing management of ground-up development and redevelopment projects across its industrial/logistics real estate portfolio.
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Development & Asset Management Associate
West Palm Beach, Florida, United States • Full Time