Director of Joint Venture

2 months ago

Frisco, United States Taylor Morrison Full time

As a Director of Joint Ventures working for Taylor Morrison you will effectively and efficiently coordinate the day-to-day operations of the Joint Ventures. You will own the project from successful approval at the corporate level and be responsible for all aspects of the land development process in coordination with the Division’s Land and Finance Vice Presidents.

What You’ll Do

Responsible for day-to-day management and operations of JV.
Responsible for the initial creation of new JVs, including entity formation, insurance, and debt.
Director of JV Operations serves as liaison between the limited partners with respect to decision making and general business operations.
In coordination with division Vice Presidents, director is responsible for all aspects of land development process, including completion of Investment Committee applications (for both limited partners), budgeting, engineering, design, planning, entitlements, scheduling, forecasting and consultant oversight.  
Review all Contractor Agreements, Payment Applications, and Change Orders.
Negotiate and execute all residential and commercial land sales to limited partner entities and 3rd parties on behalf of JV. This process includes preparing and presenting Land Sales Applications to respective Investment Committees of limited partners.
Review and approve all land closing Settlement Statements.
Coordinate and collect all Special District bond reimbursements payable to the JV.
Maintain insurance coverage for each JV.
Ensuring compliance with our JVOAs and requirements necessary to remain unconsolidated.
Secure acquisition and development construction loans as needed. Maintain ongoing banking relationship including original Note and Loan Agreement, as well as all modifications. Coordinate site inspections with bank officers.
Review and approve all loan draws and monthly borrowing base model.
Supervise third-party HOA management company and serve as President of the residential HOA and commercial POA; recommend, review, and approve CC&R’s and design guidelines with local attorneys and HOA property manager. Attend annual meetings for HOA and POA.
Review and approve all Architectural Review Committee applications on behalf of the Declarant (the JV).
Organize, lead, and conduct Partner Meetings with representatives of the limited partners, including Division Presidents, VP Land Development, VP Land Acquisition, VP Finance and JV team members.
Oversee the preparation of semi-annual budget updates and prepare narrative for mid-year budget memo, annual Business Plan, and cash flow projections. Responsible for submission and presentation to Investment Committee.
Review/approve financial statements before submission to limited partners.
Work closely with Division Finance team to meet month end and quarterly budgeting requirements.
Ensure all development and overhead budgets are updated and maintained on a quarterly basis.

Sound Like You?

You might be just who we’re looking for if you have

Bachelor’s degree in business, Accounting, Real Estate, Law, Planning or Engineering and minimum 5 years' experience.
Ability to anticipate possible obstacles and propose favorable solutions
Strong work ethic and commitment to implementation and execution
Concise writing and public speaking/presentation skills are desirable for reporting to the management team
Ability to read improvement plans, formulate budgets and understand accounting principles
Maintain political affiliations
Maintain network of colleagues and brokers
Monitor and manage buyer negotiations/issues
Keep abreast of local market land transactions
Strong computer skills
Attention to detail

FLSA Status: Exempt

Will have responsibilities such as:

Interviewing, selecting, and training employees;
Setting rates of pay and hours of work;
Appraising productivity; handling employee grievances or complaints, or disciplining employees;
Determining work techniques;
Planning the work;
Apportioning work among employees;
Determining the types of equipment to be used in performing work, or materials needed;
Planning budgets for work;
Monitoring work for legal or regulatory compliance;
Providing for safety and security of the workplace

Essential Functions:

Successful job applicants will be able to perform these functions. Reasonable accommodations will be made to enable individuals with disabilities to perform the essential functions.

Report to Division/Corporate Office/Community daily and adhere to schedule
Ability to access, input, and retrieve information from a computer and/or electronic device
Ability to have face to face conversations with customers, co-workers and higher level manager
Ability to sit or stand for long periods of time and move around work environment as needed
Ability to operate a motor vehicle if applicable
Comply with company policies and procedure

Physical Demands:

Must be able to able to remain in a stationary position up to 50% of the time
The ability to frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds

*Taylor Morrison experience and/or successful completion of training program may override required education and/or experience requirement.

Job descriptions are not intended as, nor should be construed to be, exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job.  They are intended to be accurate reflections of those principal job duties and responsibilities essential for making fair pay decisions about the job.

Taylor Morrison is an equal opportunity employer.  Taylor Morrison does not discriminate against any candidate or employee on the basis of race, national origin, sex, marital status, sexual orientation, age, disability, religion or veteran status.

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