What are the responsibilities and job description for the Vice President - Development position at KCG Companies?
About Us{{:}} KCG is a mixed-use and multifamily developer, builder, and owner with a single purpose{{:}} to build vibrant communities that offer residents an enhanced quality of life and a place to proudly call home. Founded on the guiding principle that positive social impact and profitable development are not mutually exclusive, we strive to advance and redefine standards for superior-quality sustainable communities.
Through a community-centric approach, we take pride in our commitment to align our vision with that of the local community, never attempting to force a pre-conceived product into the box that is a new market, and believe doing so allows us to execute on developments that represent long-term value and opportunity for residents.
Position Summary{{:}} This is an exciting opportunity to join the team in a period of strategic growth as a Vice President Development. KCG is looking for a self-driven individual with aspirations for personal growth and future advancement to perform the following{{:}}
Essential Duties and Responsibilities{{:}}
- Oversee the development activities of a property from the initial formation to a completed project
- Lead the pre-development activities which include but not limited to, market and site selection, contract negotiations, zoning/rezoning, deal structure, underwriting, relationship building, management of internal and external partners, etc
- Build and maintain a pipeline of 4% and 9% LIHTC projects
- Evaluate the financial feasibility. Manage the project proforma analysis including budgets, schedule, timing and underwiring assumptions
- Evaluates and oversees the process of securing zoning and other local government entitlements required for development
- Assemble and oversee the development team including the hiring and supervision of architects, engineers, development consultants, attorneys, etc
- Work with local officials and work with community stakeholders to build support for your developments
- Analyze and understand State Qualified Allocation Plans in connection with the submission of applications for 4%/9% Low Income Housing Tax Credits
- Prepare and submit financing applications for the Low-Income Tax Credit, Bonds, HOME and various other finance applications
- Work with other departments to track milestone progress throughout the life cycle of each transaction
- Coordinate assignment of relevant work to various team members (construction, analysts, accounting, etc.) as needed to move the development forward
- Prepare and present investment committee packages for executive level review
CORE COMPETENCIES{{:}}
- Accountability - Accepts personal responsibility for quality and timeliness of his or her work
- Communication - Communicates well both verbally and in writing
- Consistency - Consistently follows documented procedures and suggests changes/updates when appropriate
- Teamwork - Builds good relationships and rapport with customers, peers, supervisors, and managers throughout the organization
QUALIFICATIONS AND REQUIREMENTS{{:}}
- Must be an organized, entrepreneurial leader with attention to detail and strong analytical, time management and problem-solving abilities
- Must possess excellent verbal and written communication and be able to multitask efficiently in a fast-paced work environment
- Must have multifamily development experience
- Bachelor's Degree or equivalent, ideally in Business, Real Estate, Finance, Architecture, Urban Planning, Engineering, or a similar field with at least 7 years' experience
- Experience in the affordable housing industry required
- Ability and willingness to travel
- Health Care Plan (Medical, Dental & Vision)
- Retirement Plan (401k, IRA)
- Life Insurance (Basic, Voluntary & AD&D)
- Paid Time Off (Vacation, Sick & Public Holidays)
- Short Term & Long Term Disability
EEOC Statement{{:}} All employment decisions at KCG Companies are based on business needs, job requirements, and individual qualifications. Qualified candidates are recruited without regard to age, race, color, national origin, gender, and sex.
Please note that we do not accept unsolicited submissions from recruitment agencies. Any unsolicited resumes or candidate profiles submitted without prior agreement from our HR team will be considered as the property of KCG Companies, and we reserve the right to pursue and hire those candidates without any obligation to any third-party recruiter or agency.
