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Director of Development
2 months ago
Job Description
Position:
Development Director
Type:
Exempt
Reports to:
Chief Operating Officer
Location:
Washington, DC
The Director of Development will be primarily responsible for leading and/or overseeing DP staff engaged in 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 work will also include oversight of predevelopment services 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 Director of Development will be responsible for securing funding for projects, which would include preparing or overseeing the preparation of funding applications and working with potential lenders to secure loans or other financing as may be appropriate. The Director of Development will also be required to actively engage in business development efforts.
RESPONSIBILITIES:
Oversee Development Managers and/or Development Associates assigned to DP developments/consulting assignments
Providing analytical support with minimal supervision while ensuring the integrity and accuracy of financial data used to make critical financing and investment decisions
Building and maintaining development budgets, including property cash flows and operations in Excel
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, are on time, and within budget
Ensuring compliance with all funding requirements as applicable including but not limited to MWBE requirement, Section 3, etc.
Responding to Request for Proposals for development projects
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
Leading all community engagement efforts
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, real estate finance and/or community development OR a Graduate Degree with at least two years of work experience in a field related to real estate development and/or construction
Experience in real estate development, financial modeling, acquiring land, and managing design and construction of affordable housing
Excellent written and verbal communications are required
Proficiency in Microsoft Office Suite: Excel, Word, Outlook
SUCCESSFUL 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
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 of Dantes Partners 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 of 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
ADA SPECIFICATIONS (Physical demands that must be met to successfully complete the essential functions of the job):
While largely sedentary, this position requires the ability to sit, stand, and lift up to 20 lbs., speak, and hear, sometimes for extended periods of time
Requires the ability to use a computer and office equipment traditionally found in office settings
Requires the periodic ability to travel regionally, on behalf of the company
Dantes Partners is an equal opportunity employer.
For more information, please visit: www.dantespartners.com
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