Development Manager

1 week ago


Texas, United States Macdonald & Company Full time
Job Description

Macdonald & Company is seeking a highly skilled and experienced Development Manager to join their team in Austin, Texas. The successful candidate will be responsible for leading the day-to-day development efforts for assigned projects, working closely with senior management and the group execution team to identify and negotiate design contracts, and managing project schedules and budgets.

Key Responsibilities:
  • Project Leadership: Take ownership of and manage all aspects of the development process, including coordinating and managing project consultants, procurement of governmental permits and approvals, and driving project schedules.
  • Design and Construction: Work with the design team to create and regularly update schedules to ensure all steps of the development process are accurately reflected, monitored, and executed according to the project timeline.
  • Financial Management: Create and manage proforma-based development budgets for each deal, tracking expenditures against the budget and managing consultant invoices.
  • Regulatory Compliance: Understand and manage the process and related fees to obtain all governmental and regulatory approvals, including platting, site plan approvals, building permits, utility permits and easements, and environmental permits.
  • Collaboration and Communication: Work closely with the group's Construction Management team to understand the validity of construction cost estimates in real-time and explore cost-effective alternatives without sacrificing required development quality.
  • Guaranteed Maximum Price Contract: Collaborate with group CM, Asset Management, and Property Management to achieve a Guaranteed Maximum Price contract based on the underwritten business plan.
  • Construction Oversight: Attend construction OAC meetings and work with the group CM team to ensure the project schedule and budget are maintained, and manage and communicate potential risks of cost escalation and change orders.
  • Lease-Up Budget: Work with group Asset Management and Property Management to formulate and approve the initial lease-up budget to ensure lease-up pro-forma objectives are met.
  • Internal and External Communication: Represent group Development throughout the asset's lifecycle to ensure effective and efficient internal and external communication, and lead regular updates with equity partners and lenders.
  • Project Updates: Lead project-to-project communication strategies, providing regular internal project updates to the group Development Team, and ensure team-wide knowledge, understanding, and input for each project based on critical milestones.
  • Decision-Making: Obtain consensus and drive 'best outcome' decision-making among group team members, including Executive Management, on all elements of project design and execution.
  • Capitalization Process: Participate in the project capitalization process with other group team members by articulating design, risk management, and other due diligence evaluations to debt and equity providers.
  • Team Management: Manage and coordinate with various internal group team members to ensure consistent communication and facilitate platform growth.
  • New Business Opportunities: Support group Partners in evaluating new development opportunities, and work to develop your network and skill set to expand value creation capabilities over time.
  • Development Reports: Interface with group's Asset Management and Construction Management teams to prepare effective project Development Reports for internal and external capital partners.
Requirements:
  • Education: Undergraduate or MBA degree in real estate, finance, business, engineering, architecture, or construction management, or other related field. Or relevant work experience.
  • Experience: Minimum of 3+ years of managing the day-to-day real estate development process, with experience and understanding of the design, permitting, and construction components of developing multifamily projects.
  • Skills: Ability to perform a variety of responsibilities with an attention to detail, strong work ethic, and commitment to excellence. Must take initiative, be independently resourceful, prioritize time, and perform within a team setting while maintaining focus and multitasking in a fast-paced, time-sensitive environment.
  • Software Proficiency: Understanding of software platforms such as Bluebeam, Procore, Rabbet, and MS Project is beneficial.
  • Communication: Excellent written and verbal communication skills.
  • Intellectual Curiosity: Exhibit strong intellectual curiosity, tenacity, and advanced emotional intelligence.
  • Travel: Must be willing to travel on a frequent basis.


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