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Land Acquisition Risk Manager
2 months ago
Welcome to Lennar Mortgage:
As a prominent entity in the home building industry, Lennar has successfully constructed over one million residences for families throughout the United States. Since our inception in 1954, we have developed communities that cater to diverse lifestyles and family structures, whether for first-time buyers, multigenerational households, or active adults.
At Lennar, we believe in inclusivity and diversity within our workforce, which drives innovation and sustainable growth. Our vision, 'Everyone's Included,' reflects our commitment to fostering a diverse environment that mirrors the communities we serve.
Overview of the Due Diligence Manager Role:
The primary responsibility of this position is to conduct risk assessments and develop comprehensive land development budgets for the land acquisition team. This role will involve collaboration with various departments to explore new land opportunities. You will oversee a team of external consultants and internal personnel in preparing schedules, feasibility analyses, and providing support in evaluating potential acquisitions. Additionally, you may assist in the entitlement and development processes for new residential projects.
Key Responsibilities:
- Lead due diligence initiatives for prospective land acquisitions, including feasibility studies, budget creation, entitlement schedules, risk evaluations, and title assessments.
- Take ownership of the development of initial community entitlement documents, construction timelines, budgets, cash flow forecasts, title reports, and conditions of approval.
- Coordinate with external consultants and contractors to assess project costs, entitlement requirements, and develop detailed schedules while evaluating overall feasibility during due diligence.
- Prepare supporting materials such as aerial photographs, maps, and exhibits.
- Collaborate with various consultants, including architects, engineers, and environmental specialists, to accurately assess costs, risks, and timelines during the due diligence phase.
- Engage with state and federal agencies to understand obligations and impacts related to the project.
- Manage the processes and third-party reports necessary for due diligence, ensuring timely completion and evaluation.
- Review contracts, proposals, and other documents pertinent to the property study and development.
- Analyze development plans for new communities.
- Conduct research on approvals, permits, zoning, engineering plans, and building costs.
- Evaluate land transactions and collaborate with management to determine optimal pricing and product strategies for profit maximization.
- Maintain an organized database and other necessary files within the land department.
Qualifications:
- High school diploma or GED required.
- Bachelor's degree or equivalent preferred.
- A minimum of five years of experience in land development, project management, or land acquisition within residential or consulting firms.
- Proficient in Microsoft Office, particularly Excel for financial modeling, as well as PowerPoint and Adobe platforms.
- Valid Driver's License with a good driving record.
- Strong verbal and written communication skills.
- Ability to work collaboratively within a team environment.
- Excellent research skills with the ability to gather information from diverse sources promptly.
- Capable of managing multiple projects and adapting to shifting priorities.
- Self-motivated with the ability to achieve objectives with minimal supervision.
- Detail-oriented with strong problem-solving capabilities.
Physical Requirements:
This position primarily involves sedentary office work, requiring occasional bending, stooping, reaching, and lifting of office supplies weighing up to 25 pounds. Finger dexterity is necessary for operating a computer keyboard and other office equipment.
Life at Lennar:
Lennar values its associates as the cornerstone of our success. We offer numerous benefits in line with our policies, including:
- Health Insurance - Medical, Dental & Vision
- Vacation – up to three weeks of vacation per year upon hire
- Holidays, Sick Leave, & Personal Days
- 401(k) Savings Plan with company match
- Paid Maternity & Bonding Leave
- Home Purchase Discount for Associates
- Associate Assistance Plan
- Student Debt Repayment Program
Lennar is an equal opportunity employer, committed to fair employment practices.