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Chief Operating Officer

2 months ago

bozeman, United States Providence Development, LLC Full time

Job Title: Chief Operating Officer / Chief Financial Officer

Location: Bozeman, Montana

Company: Providence Development LLC

Reports To: Chief Executive Officer (CEO)


About Providence Development

Providence Development is a high-performing, award-winning real estate development company based in Bozeman, Montana. We specialize in the ground-up development of Marriott and Hilton select-service and extended-stay hotels, multifamily/BTR, and opportunistic land/commercial development. With a long-term hold strategy, we have developed and built over $1 billion in real estate projects across six different states.

We are seeking a highly motivated, energetic, and committed individual to join our talented team. If you thrive in a collaborative environment that prioritizes quality and integrity while delivering exceptional results, we encourage you to apply.


Job Description

As the Chief Operating Officer (COO) and Chief Financial Officer (CFO) of Providence Development, you will work closely with the CEO and the other company executives to formulate and execute the company’s strategic direction, investment decisions, and development & construction activities. You will collaborate closely with all company staff to drive revenue and asset growth by leading deal generation, creating advantageous project funding structures, enhanced operational efficiency, and ensuring the successful execution of projects. You will be responsible for leading and supporting company projects through site selection, entitlement, design, funding, construction, and ongoing operations. Your leadership will be vital in managing a diverse team, optimizing processes, and maintaining strong relationships with all internal and external stakeholders.


Key Responsibilities

  • Corporate Leadership: Lead all operational aspects of the company by ensuring coordination and alignment of efforts between development, construction, finance, and operations. 
  • Debt and Equity Sourcing and Closing: Responsible for sourcing debt and equity funding to meet the company’s needs for new projects. Create, build, and maintain strong relationships with limited partners, JV partners, lenders and other stakeholders to secure efficient equity and debt capital support for company investments. 
  • Deal Sourcing and Generation: By leveraging experience, industry, and network relationships, you will deliver new real estate development and investment deal generation for the Company. You will work closely with the CEO and executive team to identify existing and new market development opportunities, complete detailed market analysis, achieve competitive advantages, and maintain a steady project pipeline.
  • Entitlement/Design/Construction: You will work closely with the company’s development and construction executives to ensure all aspects of the entitlement and design process are executed effectively and efficiently.
  • Financial Oversight: Create, direct and monitor budgets and financial forecasts, to enhance company and project level financial performance and operational efficiency.
  • Team Development: Lead and support the company’s high-performing team, fostering a culture of excellence and collaboration. Through mentorship of existing team members, you will cultivate internal talent and create opportunities for growth. Responsible for sourcing new outside talent as needed.       
  • Risk Management: Identify potential risks in operations and development projects, implementing strategies to mitigate them. This includes oversight of all insurance strategies. 
  • Strategic Planning: Contribute to the company’s long-term strategic planning, identifying growth opportunities and potential markets.
  • Supporting Asset Management: You will be responsible for supporting the company’s ongoing asset management of existing operating projects. As such, you will ensure that company third-party property management companies are delivering optimal performance for company projects.   


Qualifications

  • Education: Bachelor’s degree in business, real estate, finance, or related field. MBA or advanced degree is strongly preferred.
  • Industry Experience: Minimum of 13 years of experience in real estate development, real estate investment, construction, or related field with at least 5 years in a senior leadership role. Hotel and/or multifamily asset class experience required. Hotel and/or Multifamily experience strongly preferred. 
  • Industry Knowledge: Thorough understanding of and breadth of experience in real estate market trends, development processes, construction processes, and financial management.
  • Leadership Skills: Excellent leadership, communication skills, decision-making and problem-solving skills. Proven ability to inspire and support teams in a fast-paced, dynamic, and positive work environment. 
  • Financial Acumen: Experience creating & managing budgets, financial forecasting, and interpreting complex financial data.
  • Communication Skills: Excellent verbal and written communication skills, with the ability to interact effectively with all stakeholders.
  • Problem-Solving Abilities: Strong analytical and strategic thinking skills, with a track record of overcoming challenges and implementing effective solutions.


What We Offer

  • Live and work in the best community in the USA - Bozeman, Montana
  • Opportunity to lead the growth of a proven high-performing team and company
  • A high-performing yet family-friendly work environment
  • Competitive compensation/benefits package

If you are a strategic thinker with a passion for real estate development, creating financial value, teamwork, and a proven track record of success, we invite you to apply for this exciting opportunity to join the Providence Development team.


How to Apply

Please submit your resume and a cover letter outlining your relevant experience to wbenge@providencedevco.com by November 20, 2024.