What are the responsibilities and job description for the Development Associate position at Gilbane Development Company?
Overview
Great opportunity within a fast-growing business platform at a well-established development company! Gilbane Development Company is seeking an experienced professional to expand our affordable housing & mixed income platform in the New York, NY market and beyond. The ideal candidate will possess an understanding of affordable housing development, including overall deal structuring, land planning, entitlement process, finance, design and construction.
Responsibilities
- Assist with execution of current development pipeline with properties in various stages
- Conduct project feasibility studies (market research, underwriting, investment thesis) and financial closings
- Work with stakeholders through Design, Construction Cost exercises, and Value Engineering
- Project Management through due diligence, entitlement & permitting, scheduling, and managing the critical path
- Consult with Legal & Finance partners for completing the LOI/PSA, Operating Agreements, Consultant Contracts, and Construction Contracts
- Day to day liaison with design/construction team, clients, and stakeholders.
- Communication should convey urgency balanced with positive motivation and teamwork
- Maintain scope and cost while meeting schedule and quality goals
- Oversee cost management reporting
- Uphold and represent Gilbane’s core values and reputation
- Ad Hoc analysis as needed
- Travel required as needed
Growth Opportunities:
At Gilbane we pride ourselves on entrepreneurialism and taking initiative. All employees are encouraged to discover new opportunities by maintaining strong relationships and making connections to continue the rapid growth of the affordable portfolio along the East Coast and beyond.
Qualifications
- Bachelor’s Degree required. Master’s degree desirable, in real estate development related field (i.e., engineering, architecture, construction, finance, law, economics)
- 5 years' experience in real estate development with at least 3 years in affordable housing development
- Experience in NY market preferred
- Experience with acquisition-rehab and value-add developments is a plus
- Established record of success as a project leader, having completed at least three substantial development projects ranging from $20-$100mm million in value, including significant experience with affordable housing
- Collaborative approach and respectful relationship style with members of the neighborhoods within which we work as well as colleagues, consultants and third-party trade partners
- Self-starter with the ability to execute on at least three to five overlapping projects efficiently in a fast-paced environment
- Excellent business development skills and experience in marketing, generating business and maintaining credibility in the community
- Attention to detail and ability to execute at a high level
- High degree of organizational skills and problem-solving ability
- Ability to prioritize/execute to achieve desired company and project goals with prudence and sense of urgency
- Excellent communication skills, both verbal and written
- Strong relevant computer skills
- Maintain memberships and participate in organizations and events
Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data. For New York, NY this ranges from $123,600.00 - $170,000.00 plus benefits and retirement program.
Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan. We invest in our employees’ education and have built Gilbane University into a top training organization in the construction industry. Qualified applicants who are offered a position must pass a pre-employment substance abuse test.
Gilbane is an Affirmative Action/Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to age, color, national origin, race, religion, sex, sexual orientation, gender identity, protected veteran status, or disability status.
Note to Recruiters, Placement Agencies, and Similar Organizations: Gilbane does not accept unsolicited resumes from agencies. Please do not forward unsolicited agency resumes to our jobs alias, website, or to any Gilbane employee. Gilbane will not pay fees to any third party agency or firm and will not be responsible for any agency fees associated with unsolicited resumes. Unsolicited resumes received will be considered property of Gilbane and will be processed accordingly.
