Vice President of Development

Job Title:Associate Vice President or Vice President (dependent upon experience) Reports To:Senior Vice President - DevelopmentStatus: Exempt / Full-time This role is responsible for managing commercial, residential, and mixed-use real estate development projects from inception to opening. This position is responsible for assessing potential development leads, presenting opportunities to leadership, leading the due diligence process, establishing project budgets, schedules, establishing and updating project proformas, interfacing with internal and external partners including other project stakeholders, accounting, consultants, management, and leasing teams, and local governments to achieve successful project results. What We are Looking For: We are looking for someone who shares our values, thrives in a dynamic environment, and wants to be part of building something meaningful. The ideal candidate will be able to manage all project tasks including financial modeling, planning, design, entitlement, permitting, sales, marketing, internal communications, project completion and close out while working with internal and external teams, all while maintaining high standards for communication, process, and collaboration. Roles and Responsibilities: Project Management – manage the development process including participating in the project visioning and scope. The role will then manage and coordinate consultants during the entitlement and due diligence process as well as coordinate and participate in community and stakeholder meetings. This role will lead all design, due diligence, legal, and community/municipality requirements to gain entitlements and approvals for the projects. This role will also take the lead in reviewing legal documents related to development including, but not limited to, letters of intent, option agreements, purchase and sale agreements, and other development-related agreements. Financial Management – facilitate and manage the project budget and proforma. The position requires experience in developing and reviewing budgets, cash flows, forecasts, and key development performance indicators including ROI, IRR’s, equity multiples, etc. This role will prepare and work with leadership and other internal groups on the creation of financing packages for lenders and investors and will participate in public funding discussions and negotiations. Reporting – prepare investment memorandums on potential projects and present to the internal investment committee. Once approved, lead the coordination, organization, and execution of project progress by managing the monthly budgeting and forecasting reporting. Ability to learn and use existing development systems and controls and make suggestions for new process improvements. Design and Construction – oversee the design and construction process to ensure the project vision, schedule, budget, and return remains intact by working with internal and external design and construction teams to quickly address issues as they arise. Due Diligence – Assess potential development sites and make strategic recommendations to the SVP - Development. Analyze the primary and secondary markets the site may serve, existing zoning, ownership, demographics and competing sites. Interact with local municipalities and the brokerage community, as necessary. Identify and assess all primary risks to the development including on-site and off-site issues, entitlements, leasing, market, economics and timing. Communications Management – scheduling and documenting regular project meetings for internal and external team members. The Development Manager must be accessible and responsive to a broad base of stakeholders and communicate salient facts as appropriate. The Development Manager must be willing to travel and attend after-hour meetings (as necessary) and manage, train, and mentor junior associates. Qualifications: 7-10+ years of relevant work experience with a bachelor’s or master’s degree in real estate, business, finance, construction management, engineering, architecture, or related field. Expertise in the real estate development industry in mixed use and/or residential developments. Leadership and management skills with team members, stakeholders, consultants, and government officials. Excellent decision-making ability and judgement. Excellent communication skills, both written and verbal, and comfortable with public speaking. Strong organizational skills and attention to detail. Creative thinker and problem solver. Ability to assess and minimize risk in evaluating new projects. Ability to develop financial models with proven experience in budgeting, forecasting, and financial modeling. Self-starter with an entrepreneurial mindset. Ability to manage multiple projects & resources, while adhering to strict deadlines & budgets. Must have knowledge of MS Office including Outlook, Excel, Word, and Teams. #J-18808-Ljbffr