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Land Acquisition Specialist
2 months ago
Welcome to Lennar Mortgage:
As a leading entity in the homebuilding industry, Lennar Mortgage is dedicated to constructing new homes for families across the nation. Since our inception in 1954, we have embraced diverse lifestyles and family structures, catering to everyone from first-time buyers to multigenerational households.
At Lennar, we believe in inclusivity and diversity, ensuring that our workforce reflects the communities we serve. Our commitment to diversity fuels innovation and sustainable growth.
Position Overview - Due Diligence Manager:
The primary responsibility of the Due Diligence Manager is to conduct comprehensive risk assessments and develop detailed land development budgets for the land acquisition division. This role involves collaboration with various departments to identify new land opportunities. The manager will oversee a team of external consultants and internal staff in the creation of schedules, feasibility studies, and will support the underwriting of potential acquisitions. Additionally, the manager 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 preparation, entitlement schedules, risk evaluations, and title examinations.
- Oversee the development of initial community entitlement documents, construction timelines, budgets, cash flow forecasts, title assessments, and project objectives.
- Coordinate with external consultants and contractors to evaluate construction costs, entitlement requirements, and to create detailed project schedules while assessing overall development feasibility.
- Prepare essential collateral 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 project approvals.
- Manage processes and third-party reports necessary for due diligence and ensure timely completion in line with contractual obligations.
- Review contracts, proposals, and documentation related to vendor engagements for property studies and development.
- Analyze development plans for new communities and conduct thorough research on approvals, zoning, engineering plans, and environmental reports.
- Evaluate land transactions and collaborate with management to determine optimal pricing strategies to maximize profitability.
- Maintain organized databases and files essential for the land department's operations.
Qualifications:
- High school diploma or GED required; Bachelor's degree 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 clean driving record and auto insurance coverage.
- Strong verbal and written communication skills.
- Ability to work collaboratively within a team environment.
- Excellent research skills with the capacity to gather information from diverse sources efficiently.
- Proficient in multitasking and adapting to shifting priorities.
- Self-motivated with a focus on achieving objectives independently.
- Detail-oriented with strong problem-solving abilities to navigate complex situations.
Physical Requirements:
This position primarily involves sedentary office work, requiring occasional bending, stooping, reaching, and lifting of office materials weighing up to 25 pounds. Finger dexterity is necessary for operating office equipment.
Compensation & Benefits Overview:
The expected base salary for this position ranges from $78,000 to $123,814 annually, subject to adjustments based on qualifications and operational factors. This role may also be eligible for bonuses and commissions, along with comprehensive benefits in accordance with company policies.
Lennar is an equal opportunity employer and adheres to all applicable employment laws.
