Jr Real Estate Developer

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Job description

Jr. Real Estate Developer

POSITION SUMMARY: The Jr. Real Estate Developer position will be responsible for managing due diligence, entitlements, pre-development and development execution for a series of new construction projects and acquisitions in an assigned territory. The Jr. Developer will work with the company's property acquisition team during acquisition and property evaluation; will work with company principals in planning project design and site layout; will manage all consultants during the due diligence phase; will interface directly with municipal authorities, transportation departments, environmental regulatory organizations and will manage creation of construction plans and approval thereof in conjunction with construction management staff before turning projects over to construction managers.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Assist in leading the pre-development process which includes, but is not limited to:

· Market and site identification

· Contract negotiations

· Preliminary architecture and site design

· Zoning / rezoning, deal structuring and underwriting

· Relationship building / management with both internal and external partners, local government support, etc.

• Maximize development profitability of construction and renovation projects by ensuring the scope, schedule and budget of all construction activities meet the specified project objectives outlined in company business plans.

• Determine market and financial feasibility of new real estate opportunities Calculate financial worth potential of proposed developments including pro forma analysis, profitability analysis, and internal rate of return analysis.

• Prepare accurate development timelines; submit monthly reports documenting job status.

Ability to prepare financing packages including:

· Budget, bids, contracts, and RFP generations for new construction

· Low-income housing tax credit

· Tax exempt bonds

· Grants

· Construction and permanent financing

· Equity syndication or other appropriate funding sources

• Assist with execution and daily oversight of projects from inception to disposition including budget controls, cost reporting to company principals and equity partners, project delivery, coordination of property management & leasing staff, and support of company's property disposition activities.

• Coordinate with other departments in order to successfully execute development projects.

• Distribute information to construction, management and accounting stuff when appropriate.

QUALIFICATIONS/SKILLS & KNOWLEDGE REQUIREMENTS

• Qualified candidates should possess College degree with an MBA preferred.

• 5+ years of experience in planning residential/commercial development projects, land and vertical construction/development budgets, and/or entitlements.

• Strong organizational and time management skills as well as the ability to multi-task and work independently with little supervision are required.

• A basic understanding of construction standards and practices is also needed.

• Multifamily development experience (strongly desired)

• Proficiency with MS Office Suite, internet research, and project tracking software is necessary.

Job Type: Full-time

Pay: $100,000.00 - $125,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Schedule:

• Day shift
• Monday to Friday

Supplemental Pay:

• Bonus pay

Work Location: One location