DRW · 4 days ago
Development Associate (Real Estate) - Convexity
Chicago, IL
Full-time
Hybrid
Mid Level
$85K/yr - $120K/yr
3+ years expDRW's Convexity Properties is a full-service real estate firm specializing in unique retail, residential, commercial, and mixed-use properties. The Development Associate will coordinate complex real estate development projects, managing various phases from due diligence to construction, while ensuring compliance with project deliverables and financial objectives.
ConsultingFinanceFinancial ServicesFinTechVenture Capital
Responsibilities
Track and organize a wide variety of project tasks, schedules and deliverables from design through post-construction, with an emphasis on the core construction phases
Manage the work of external service providers identified through competitive RFP selection process (architects, engineers, general contractors, FF&E procurement agents, designers, specialty consultants, etc.)
Assist in contract negotiations with external service providers, manage financial and scope changes to negotiated terms, and ensure compliance with project deliverables and work standards
Liaise with municipal authorities to understand local requirements and gain necessary approvals and permits
Assist in preparation of project budgets, prepare monthly draw requests and provide regular reporting on project financials
Help team to manage project schedule to meet weekly, monthly and overall project milestones
Provide regular project updates to internal and external project resources and senior management; identify issues and develop contingency plans as needed
Interact with acquisitions team to assist in determining viability of prospective projects
Assist in the review of design and bid documents to ensure scope of work is aligned with project financial objectives and requirements
Assist in managing the project close-out process to a successful completion
Travel to project sites as needed
Qualification
Required
3-5 years of directly related development and project management experience in the real estate industry, preferably with mixed use commercial, hospitality or residential projects
Previous experience working on urban projects
Strong initiative and motivation to drive projects to completion
Vendor management experience
High level of proficiency with Microsoft Office suite, in particular MS Project and Excel
Strong problem-solving and issue resolution abilities
Excellent written and verbal communication skills
Strong organizational and time management skills and are highly detail oriented
Bachelor's degree in construction management, architecture, engineering, urban planning or similar area of study
Ability to travel within the U.S. approximately 40% of the time (2-3 days/week)
Preferred
Experience developing project proformas and financial statements
Experience working on luxury high-rise residential projects
Benefits
Group medical
Pharmacy
Dental and vision insurance
401k (with discretionary employer match)
Short and long-term disability
Life and AD&D insurance
Health savings accounts
Flexible spending accounts
Company
DRW
DRW is a diversified trading firm that combines technology, research, and risk management to capture trading and investment opportunities.
1001-5000 employees
H1B Sponsorship
DRW has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (36)
2024 (35)
2023 (24)
2022 (24)
2021 (12)
2020 (8)
Funding
Current Stage
Late StageLeadership Team
James Radecki
Global Head of Business Development at Cumberland
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