Director, Development Finance

In order to be considered for this role, after clicking "Apply Now" above and being redirected, you must fully complete the application process on the follow-up screen. Position: Director, Development Finance – Full Time/Exempt Department: Arizona Cardinals Football Club/Rawhide Development Location: Phoenix/Scottsdale Area (Cardinals Facility/Rawhide Development) Format: In-person Note: Applicants must be authorized to work for any employer in the U. S. responsibilities including, without limitation, to the following: Pro Forma Modeling & Development Underwriting Build and own the master development pro forma, a fully integrated, multi-phase model consolidating horizontal land development with vertical product across retail, office, multifamily, hospitality, and structured parking, with parcel- and project-level roll-ups Underwrite individual components: rents, absorption, hard and soft costs, escalation, lease-up, operating expenses, reserves, exit cap rates, and residual value Produce land residual analyses and test alternative land-use programs, densities, and phasing sequences Calculate and stress project and partner level returns (IRR, equity multiple, yield-on-cost, development spread) through sensitivity and downside analysis, and maintain rigorous model governance and documentation Market Research & Feasibility Own market research across the Phoenix/Scottsdale MSA - comparables, absorption, vacancy, pipeline, tenant demand, and demographics, and translate it into underwriting assumptions defensible to internal and external stakeholders Conduct highest-and-best-use and product-positioning analysis by parcel, and support tenant-mix strategy for the retail component Manage and analyze third-party consultants (market studies, appraisals, feasibility and fiscal impact analyses) rather than accept deliverables that cannot be reproduced internally Joint Venture Structuring & Waterfall Modeling Model joint venture equity waterfalls, including preferred returns, hurdles, promote tiers, catch-ups, clawbacks, and capital-account tracking Read and translate LLC and JV operating agreements into working models, flagging where drafted economics diverge from intent under downside scenarios Support partner and investor negotiations with quantitative back-up, and maintain partner-level cash flow reporting, capital calls, and distributions Capital Markets, Financing & Public Finance Model the capital stacks as required, construction debt, mezzanine, preferred and common equity, bridge and permanent financing, and refinance/recapitalization options Analyze and compare alternative financing mechanisms (bonds, credit tenant lease, etc./ Requirements Education: Bachelor's degree in Real Estate, Finance, Economics, Accounting, Business, or a related field required; advanced degree or CFA, CCIM, or CAIA preferred Experience: At least seven (7) or more years of progressively responsible experience in commercial real estate development, acquisitions, real estate private equity, or real estate investment banking or a related real estate investment/finance role. Benefits and Perks include, but are not limited to: Health, Dental, and Vision Insurance options; effective the first day of hire 401 (k) retirement option with employer match contribution Paid Time Off Accruals (including sick time accruals) Paid Time Off for most Federal holidays Time off for Maternity, Paternity, Military, and Bereavement MDLIVE: 24/7 medical support Flexible Spending Accounts (FSA) & Health Care Saving Account options Discounts on Cardinals gear & paraphernalia Tuition reimbursement & Professional Growth opportunities Daily free lunch The Arizona Cardinals Football Club and Rawhide Development is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, age, disability, gender identity, marital or veteran status, or any other protected class.e Equal Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.