What are the responsibilities and job description for the Vice - President of Development position at Heritage Senior Living?

Job Details

Job Location

165 - MSP Real Estate - Minneapolis - Minneapolis, MN

Description

Vice President of Development

MSP Real Estate | Minneapolis, MN

MSP Real Estate is seeking a strategic and experienced Vice President of Development to join our executive team. The Vice President of Development is responsible for the development and execution of the company's development vision, strategy, plans, and processes that will increase revenue and provide in house construction and management services to grow the company's portfolio. The 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 company's 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)

Bachelor's 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

MSP Real Estate / Heritage Senior Living is an Equal Opportunity Employer, drug free workplace, and complies with ADA regulations as applicable. The Company is committed to promoting a workplace of diversity, equity, and inclusion.

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