Senior Real Estate Development Manager

3 weeks ago

Washington, United States Gravity IT Resources Full time

POSITION DESCRIPTION: The Senior Real Estate Development Manager will be primarily responsible for independently leading all aspects of planning, financing, and implementation of several developments in the Washington, DC area. The projects range from pure financing consulting to developing and managing multi-family deals. The role will also include oversight of predevelopment activities and all other projects that are assigned to the incumbent, coordination of design efforts, liaising with clients and government agencies and communicating with stakeholders. In addition, the Senior Development Manager will assist in securing funding for projects, which would include preparing funding applications and working with potential lenders to secure loans or other financing as may be appropriate.


RESPONSIBILITIES: The Senior Development Manager will be responsible for meeting all reporting requirements by funders. The Senior Development Manager will also support the team in developing and implementing appropriate supportive services. The Senior Development Manager must be able to operate independently with little oversight in this role.


Additional responsibilities include:

• Providing analytical support with minimal supervision while insuring the integrity and accuracy of financial data used to make critical financing and investment decisions

• Overseeing all necessary predevelopment work including surveys, appraisals, title work, environmental, etc.

• Coordinating and overseeing the work of project teams, which may comprise architects, urban planners, engineers, contractors, attorneys, lenders, investors, property managers etc.

• Managing the planning, design, bid/award, and construction process to ensure that projects conform to quality standards, and are on time, and within budget

• Ensuring compliance with all funding requirements as applicable including but not limited to CBE, Section 3, First Source, etc.

• Responding to Request for Proposals for development projects

• Building and maintaining property cash flows and operations in Excel

• Using online databases and various market data to provide relevant market information

• Underwriting valuations and the impact of financing on commercial real estate

• Prepare financing memoranda that include business plans, graphics, market information, and financial information

• Assisting with any community, resident or management issues

• Managing multiple tasks on a daily basis and deliver under tight deadlines in a demanding work environment

• Collecting and distributing due diligence materials for loan closing

• Various ad hoc assignments


MINIMUM QUALIFICATIONS:

• Bachelor’s degree in Business or Finance related field with five (5) or more years of work experience in the field of housing and/or community development

• Experience in real estate development, acquiring and closing of land transactions

• Experience in managing design, financing, and construction of affordable housing.

• Excellent written and verbal communications are required.

• Proficiency in Microsoft Office Suite: Excel, Word, Outlook


SUCCESFUL CANDIDATES WILL POSSESS THE FOLLOWING ATTRIBUTES:

• An entrepreneurial spirit;

• Proactive and extremely responsive;

• Personable with a good sense of humor

• Strong financial and analytical skills 3

• Broad-based understanding of project management with strong planning and a “detail oriented” focus

• Experience with funding programs for subsidized housing

• Experience with working with City, State, and Federal Agencies in connection with real estate development

• Understanding of fundamental real estate terminology

• Demonstrated commitment to the mission, philosophy, and vision and community development work

• Energy and commitment to work in an entrepreneurial environment with the ability to prioritize responsibilities

• Strong organizational skills

• Demonstrated ability to work effectively with a wide range people and organizations

• Ability to clearly, concisely write a business plan

• Ability to work under pressure, in a time sensitive environment, delivering timely and accurate work

• Ability to understand and troubleshoot complex financial models

• Ability to create new complex models

• Ability to write clearly and informatively and present numerical data effectively

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