Senior Vice President of Development

Senior Vice President of Development MSP Real Estate | Minneapolis, MN MSP Real Estate is seeking a strategic and experienced Senior Vice President of Development to join our executive team. The Senior Vice President of Development is responsible for the development and execution of the companys development vision, strategy, plans, and processes that will increase revenue and provide in house construction and management services to grow the companys portfolio. The Senior Vice President of Development will lead the development team through all aspects of the development process including site selection and acquisition, government approvals, design and construction coordination, partnership and deal structuring, due diligence, project financing through lease up and stabilization. This position is one of the seven key company leadership positions. Company Vision MSP/Heritage is a regional development construction/management company, specializing in market rate, affordable and senior housing. Established in 1989, it has grown to employ over 900 employees, owns over 38 properties, with a 400 million portfolio. Our vision is to continue to provide exceptional service to our residents, their families, and our staff across all our product lines. Essential Duties and Responsibilities The essential functions include, but are not limited to the following: Responsible for taking development projects from concept to completion Analyze and evaluate the business needs of the company to align project requirements, cost projections, construction objectives and profit goals with each project Locate and secure viable development sites Develop feasibility modeling, including capital cost budgeting, pro forma return measurements and valuation methodologies; complete financial analysis to determine funding strategy Work with local, regional and governmental authorities such as Planning Commission, Common Council and Zoning, to achieve project approvals Comprehends project entitlements and implementation of approval requirements Collaborate with construction and operations throughout the development process to ensure timely completion of all objectives and milestones Oversee each project through construction, operations, and lease up Manage multiple complex entitlement and development projects simultaneously Develop, establish, and promote positive strategic relations through direct contact with every customer, vendor, and partner; represent the company with customers, vendors, and partners, and the public Provide leadership and management to ensure the mission, values and vision of the company are put into practice Direct supervision of development and construction employees; fulfill supervisory responsibilities in accordance with the companys policies and applicable laws Maintain responsibility in the areas of: Interview, hire and train employees Plan, assign and direct work Appraise performance Reward and discipline employees Address complaints and resolve problems All other duties as assigned by the Chief Operating Officer or President Minimum Qualifications (Knowledge, Skills, and Abilities) Bachelors degree required; advanced degree preferred 10+ years experience in the real estate development field preferred Demonstrated track record of leading all aspects of real estate development process preferred Strong computer aptitude, including expertise with Microsoft Excel, Word, Outlook as well as applicable accounting software; experience with Yardi accounting software preferred Analytical Skills: synthesize complex or diverse information Problem Solving: identify and resolve problems in a timely manner as well as skillfully gather and analyze information Communication: speak clearly and persuasively in positive or negative situations, demonstrate group presentation skills, and conduct productive meetings Interpersonal Skills: ability to communicate orally and in writing and manage well at all levels of the company Judgement: display willingness to make decisions; exhibit sound and accurate judgement; and make timely decisions Planning and Organization: prioritize and plan work activities; use time efficiently; and develop realistic action plans Leadership: inspire and motivate others to perform well and accept feedback from others Management Skills: involve employees in planning, decision-making, facilitation, and process improvement; be available to employees; provide regular performance feedback; and develop subordinates skills and encourage growth Delegation: delegate work assignments, give authority to work independently, set expectations, and monitor delegated activities Physical Demands and Working Conditions: The physical demands and working conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the functions. Frequently required to talk or listen. The ability to communicate orally with customers, vendors, management, and other employees is crucial. Regular use of email, telephone, and videoconferencing is essential. Hearing and vision within normal ranges is essential for normal conversations, to receive ordinary information and to prepare or review documents. Must be able to remain in a stationary position 75% of the time, sitting for extended periods and extensive work at a computer is common, occasionally move about inside the office to access file cabinets, office machinery, etc., constantly operates a computer and other office productivity machinery, such as a calculator, copy machine, and computer printer. Must occasionally move boxes, office equipment or supplies weighing up to 25 pounds. The job is performed indoors in a traditional office setting. The noise level in the work environment is usually moderate. Must be able to work 8 to 10 hours per day between the hours of 7:00am to 6:00pm at least 5 days per week and occasionally be able to work up to 60 hours per week and 6 days per week if needed. Required to occasionally work evenings, nights, and/or weekends, and/or be on-call as needed. Must be able to travel overnight up to 50% of the time. Benefits Medical, Dental, Vision, and Life Insurance Health Savings Account (HSA) 401(k) with company match Generous PTO Flexible hybrid remote scheduling Employee Assistance Program (EAP) Employee discount program

Salary : $128,000 - $201,000