We’re seeking a Development Associate to join our Team! You will be responsible for assisting with the management of all aspects of the assigned real estate development project(s) to include managing, coordinating, and administering the project development process from initial concepts and planning stages, through due diligence, market research, acquisition, entitlement approval, design, permitting, financing, construction, and transition to operations or sale and performing the key responsibilities listed below.
• Assists Development Director and Sr. Project Manager with management and coordination of all projects and identification and evaluation of potential development opportunities.
• Assists with the preparation, management and coordination of internal and external resources for the formulation of development business plans for approval by the Sr. Management team.
• Coordinates due diligence and transactional documentation for analysis, acquisition, and financing, including ensuring accuracy and consistency of documentation, and facilitating document and information flow.
• Supports Development Director and Sr. Project Manager with pre-development efforts such as due diligence, planning, budgeting, reporting, financial analysis, consultant oversight, design, entitlements, scheduling and coordination to ensure effective execution of projects.
• Manages all development, consulting and construction contracts and change orders including requests for proposals, creation, facilitation of negotiations, and administration to ensure compliance under the supervision of Sr. Project Manager.
• Assists with monthly financial capital calls, confirming accuracy, completeness, and compliance with development agreements or loan documents.
• Assists with forecasting, budgeting, and scheduling of various project and office activities consistent with project and company goals and objectives.
• Coordinates with the development team to perform market research, sales and/or income studies, project cost budgeting, and project schedule management and directs the Financial Analyst on project pro formas, sensitivity studies and assists in feasibility analysis, forecasting and reporting.
• Coordinates the design and public approval process under the direction of the Development Director, including coordination with project consultants, stakeholders and the Sr. Management team for design input, review, and approval.
• Teams with Development Director, Sr. Project Manager and Construction management team for General Contractor and Subcontractor selection, including issuance and evaluating responses to RFPs, negotiation of fees, contracts, qualifications, insurance requirements, personnel, and related relevant information for recommendation for approval by Sr. management team.
• Assists in the preparation of regular reports (monthly or quarterly as appropriate to the specific project) summarizing project progress, issues, pro forma, schedule, etc. to keep management well informed.
• Maintains information and documents for the project at all various stages, involving strict document control management through organized recordkeeping and effective filing.
• Assists Accounting with A/P inquiries, invoice review against contracts, coordination with project consultants and vendors, cost tracking, and supporting the Sr. Project manager with financial projections and budgeting.
• Administers and coordinates on-going compliance requirements of various funding sources and development agreements.
• Develops and maintains rapport and credibility with project team members, designers, engineers, real estate consultants, sales and/or leasing teams, Contractors, Subcontractors, other business executives, government officials, City officials, and project community stakeholders to ensure effective implementation of projects.
• Ensures that the as built drawings are completed for each project and properly put into Company records.
• Responsible for other projects, requests and other duties as assigned.
