Development Analyst

Job Description

Job Description

Development Analyst – The Procopio Companies

Since the 1950s, The Procopio Companies (TPC) has grown through four generations of family leadership and a deep commitment to place-making. We develop, build, and manage exceptional residential and mixed-use communities across high-growth markets throughout Southern New England and beyond.

We are vertically integrated; our core business lines include:

• Development & Investment: Ground-up multifamily, light retail, hospitality, and value-add repositioning.
• Construction: Preconstruction, estimation, and construction management.
• Property & Asset Management (Bria): Operating, leasing, and resident experience, making places people are proud to call home.

Our core values shape how we act, partner, and lead:

• We do hard things.
• We take ownership.
• We value relationships.
• We grow or die.

Role Overview

The Development Analyst supports the full lifecycle of real estate development. This role is responsible for financial modeling, project budget tracking, draw coordination, lender and investor reporting, and ongoing data analysis to ensure the financial health and accuracy of each project. Working closely with the Development Project Executive (PX), Development Project Manager (DPM), and Project Accounting team, the Development Analyst serves as the financial and analytical hub between development, construction, and finance.

Key Responsibilities

• Analyze monthly budget-to-actual variances, construction draws, and capital deployment to identify trends and forecast project performance.
• Prepare lender, investor, and internal reports, ensuring accuracy and alignment with GAAP and institutional requirements.
• Coordinate with the Controller and accounting team to reconcile project costs, capital calls, and equity installments.
• Maintain and track key performance metrics across development projects (IRR, ROI, yield-on-cost, cost per unit, etc.).
• Support the preparation of investment committee materials, including financial exhibits and project summaries.
• Collaborate with the Development and Accounting teams to establish and update project budgets, timelines, and cash flow schedules.
• Monitor budget vs. cost reports in Sage Intacct and Excel; flag discrepancies and recommend corrective actions.
• Assist with withdrawal preparation and documentation for submission to lenders and investors, ensuring completeness and timeliness.
• Track capital sources and uses, including equity, debt, and mezzanine financing.
• Support implementation and optimization of integrated systems such as Sage Intacct and Excel dashboards.
• Participate in due diligence for acquisitions, including review of financial statements, rent rolls, market data, and construction cost estimates.
• Review detailed development schedules and milestone trackers in coordination with the Development Project Manager and ensure alignment with financial forecasts.
• Assist with closing documentation, loan conversions, and final reconciliations at project completion.
• Identify process inefficiencies and propose data-driven solutions to streamline reporting and communication.
• Serve as a liaison between Development, Accounting, and Construction teams to ensure clarity and consistency of financial information.

Qualifications & Skills

• Bachelor’s degree in Real Estate, Finance, Accounting, or a related field required.
• 3–5 years of experience in real estate development or finance.
• Strong financial modeling skills in Excel; proficiency with Sage Intacct and TimberScan preferred.
• Understanding of real estate development accounting, capital structures, and GAAP standards.
• Demonstrated ability to analyze complex data sets and communicate insights clearly.
• Exceptional attention to detail, organizational ability, and accountability for deliverables.
• Experience in a fast-paced, multi-entity real estate environment is strongly preferred.
• Excellent written and verbal communication skills, with the ability to present data effectively to senior leadership and external partners.

Why Join Us / What We Offer

• Comprehensive benefits: medical, vision, and life insurance.
• Paid time off, holidays, and vacation.
• 401(k) with company match, plus tuition reimbursement.
• Opportunity for professional advancement and exposure across functions.
• Participation in project-level investment/equity opportunities.
• A culture grounded in craftsmanship, accountability, relationships, and innovation.

Equal Employment Opportunity Statement

The Procopio Companies is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Employment decisions are made based on qualifications, merit, and business needs. We do not discriminate based on race, color, religion, sex, national origin, age, disability, genetic information, veteran status, or any other protected status under applicable laws.