Director of Development
1 month ago
The Director of Development is responsible for sourcing development deals, origination and be a key component in the next stage of growth for the company.
Elmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million dollar company. At Elmington, you will be pushed to
F orget
T he
O rdinary &
T hink
L ike an
O wner. Every day.
To be an effective Elmington teammate, you will need to:
Have a great attitude
Have high expectations
Think BEYOND the box
Work with passion
Have a tireless work ethic
Be confident
Be self-sufficient and self-motivated
Take pride in your work
Be a good listener
Offer a solution with every problem
Go above and beyond for everyone you support
ESSENTIAL JOB FUNCTIONS:
Source viable parcels of land for the purpose of development including the negotiation of favorable terms with land sellers;
All aspects of review during a land contract inspection period, inclusive of (but not limited to) title review, environmental, entitlement risk, fee estimation, etc.
Oversees the preparation and submission of subsidy applications through various municipal programs;
Maintains Land Seller relationship & contract compliance;
Creation and implementation of a development budget, appropriately budgeting and sizing a community based on available sources of financing, and preserving the budget bottom line;
Negotiates and manages the design, legal, investigative, and oversight consultants;
Oversee the submission process and ensures all levels of governmental approvals for entitlements, permits, and utilities
Collaborates with servicers and lenders to favorably underwrite each transaction, providing all due diligence and financial documentation for underwriting and subsidy layering;
Review and negotiate all loan terms and coordinate final loan execution
Ensure compliance of state, federal, and local municipalities and regulatory agencies and common area requirements (such as ADA, HFA, UFAS, etc.) to eliminate delays in permitting and closing;
Provide bi-monthly status reports on each project that is in application cycle process, pre-development, and pre-acquisition
SPECIFIC EDUCATION OR EXPERIENCE:
A bachelor's degree or equivalent experience in real estate development/architecture. Master's degree preferred.
7+ years' experience in real estate or similar industry.
Knowledge and understanding of investment, development and construction practices.
Strong MS Office skills including Excel and PowerPoint.
PHYSICAL DEMANDS AND WORK ENVIRONMENT:
Frequently sit, stand and walk
Regularly required to talk or hear
Frequently required to use hands or fingers to handle or feel objects, tools or controls
Occasionally required to climb or balance, stoop, kneel, crouch or crawl
Occasionally lift and/or move up to 25 pounds
Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus
The noise level in the work environment is usually moderate
Temperature in the workplace is typically moderate
TRAVEL REQUIREMENTS:
This position requires travel up to 15% of the time.
The Elmington Experience
We're creating a different kind of company at Elmington. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington could very well be the last company you ever work for.
The company will recruit, hire, train, promote, and compensate its employees based upon factors such as work quality, behavior, training, and experience. In compliance with local, state, and federal laws, we provide equal employment opportunity regardless of race, color, creed, national origin, protected age category, gender, sexual orientation, religion, marital status, military status, or physical or mental disability of any individual who is otherwise qualified. Lastly, we're creating a different kind of company at Elmington.
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