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The Development Analyst / Associate will support Welltower’s senior housing development activities across the United Kingdom by providing analytical, financial, and project coordination support across the development lifecycle. This role will contribute to feasibility analysis, underwriting, due diligence, and project tracking for new development, repositioning, and expansion opportunities within the UK portfolio.
This individual will work closely with internal development, investment, finance, and legal teams, as well as external development partners, consultants, and operating partners. The role is well suited for an analytically strong professional who is looking to grow within institutional real estate development and gain exposure to a global platform.
Key Responsibilities
Financial Analysis & Underwriting
- Support the preparation of development proformas, financial models, sensitivity analyses, and return calculations for new and existing projects.
- Assist with underwriting assumptions, cost benchmarking, and revenue projections in coordination with the investment and finance teams.
- Prepare and maintain project-level financial tracking, including budget vs. actual reporting, draw schedules, and cost-to-complete analyses.
- Contribute to the preparation of investment committee materials, board presentations, and internal reporting packages.
Development Support & Project Coordination
- Assist in managing the development process from feasibility through construction completion, coordinating with internal and external stakeholders to ensure timely execution.
- Support due diligence activities including site analysis, market research, planning assessments, and consultant coordination.
- Track project milestones, deliverables, approvals, and key dates across the UK pipeline.
- Coordinate with architects, engineers, cost consultants, planning advisors, and contractors to gather and organize project information.
- Maintain organized project files, databases, and documentation in accordance with internal standards.
Market Research & Opportunity Identification
- Conduct research on UK senior housing market trends, demographics, competitor activity, planning policy, and regulatory developments.
- Assist in identifying and evaluating new development and repositioning opportunities, including site assessments and preliminary feasibility screening.
- Monitor relevant planning applications, local authority activity, and market transactions that may inform pipeline strategy.
Cross-functional Collaboration
- Work closely with the UK and broader global development team to support execution and knowledge sharing across markets.
- Coordinate with legal, tax, and finance teams on transaction support, funding requirements, and contract review.
- Support operating partner coordination related to design input, operational requirements, and pre-opening planning.
- Assist in the preparation of presentations and briefings for senior leadership.
Other Duties
- Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of this employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Travel
- Some out-of-area and overnight travel may be expected, including occasional site visits across the UK.
Minimum Requirements
- Bachelor’s degree in Real Estate, Finance, Economics, Construction Management, Planning, or a related field.
- 2–5 years of experience in real estate development, investment analysis, project management, or a related discipline, preferably within senior housing, healthcare, or residential sectors.
- Strong financial modelling skills with proficiency in Excel; experience building or maintaining development proformas.
Familiarity with the UK planning system, building regulations, and development approval processes. - Strong organizational skills with the ability to manage multiple priorities and deadlines.
- Proficiency in Microsoft Office Suite; experience with project management or construction software (e.g., Procore, MS Project) is a plus.
- Effective communication and interpersonal skills, with the ability to collaborate across teams and with external partners.
- Self-motivated with a proactive approach and strong attention to detail.
- MRICS or equivalent professional accreditation is a plus but not required.
Source: Welltower Career Page
