Director of Investments, Master Planned Communities

McWhinney is a privately held full-service real estate investment, development and management firm with a team of highly talented associates. We are passionate about creating places people love. This is a team that constantly strives to add value through all phases of the real estate cycle, cultivating beautiful, sustainable, connected communities that each reflect a unique sense of place. To date, McWhinney has planned and developed over 6,000 acres of master-planned communities and 13 million square feet of mixed-use, industrial, residential, multifamily, hospitality and office properties.

Guided by our values respect, integrity, perseverance and legacy McWhinney aims to attract and retain the best and brightest in the industry and is constantly building our team to achieve our goals.

POSITION SUMMARY:

The Director of Investments: Master-Planned Communities (MPC) will be responsible for the financial management of the master-planned communities portfolio. The position will also provide financial management for other ancillary land parcels outside of the master-planned communities, as well as support the water/oil and gas business operations and MPC acquisition and disposition efforts.

This role will oversee and assist with all financial modeling, forecasting and management reporting, including preparing and updating departmental and project budgets, pro formas, allocations of staff time to various projects, and allocations of costs. The position requires an analytical mind, a strong understanding of finance and accounting, excellent presentation and communication skills, knowledge of the real estate development process and metrics, and the ability to think independently on potential ways to financially engineer deal structures for the benefit of all stakeholders.

Responsibilities include, but are not limited to, analysis of real estate development opportunities, creation of and tracking of complex capital and joint venture structures, creation of long-term community-wide financial models, due diligence, and ad hoc financial analyses. It also includes managing extensive comparable market research data across all asset classes as it relates to land values, contract review, creation of residential segmentation plans, tracking and reporting of residential home sales, and various projects as may be assigned from time to time. The role will also have direct management responsibility for Financial Analysts dedicated to the MPC business and will have dotted line reporting to the CFO/COO and interface with Family Office CFO.

Key Responsibilities:

• Proven ability to provide effective leadership overseeing associates, develop and retain top talent, maintain positive culture, and manage change and growth as ongoing company objectives
• Oversees the financial management and reporting for the master-planned community portfolio
• Responsible for the team underwriting MPC investment opportunities using Excel based underwriting models, including complex cash flow, leverage, IRR/NPV, and fund/partnership waterfall modeling. Construct various sensitivity scenarios to determine the impact of any changes in financing or construction scheduling to the developer and equity partners.
• Manage the creation and monitoring of existing project proformas and budgets
• Reviews overall pro forma and works with Master-Planned Community VPs/General Managers, Project Managers and Analysts to update on regular basis
• Quantify complex capital and joint venture structures and loan repayment provisions, including incorporation of Metro District impact
• Prepares business plans and financial reports to executive leadership to support strategic business decisions and provides tracking and reporting of financial and milestone goals
• Creates or oversees tracking tools and reports for project activities, such as infrastructure construction, development tasks, land transactions, etc.
• Scrutinizes market analyses and comparable sales data to help in determine prevailing prices for residential, multi-family, hospitality, retail, industrial, office, etc. land values
• Supports acquisitions and/or disposition of strategic land parcels
• Support procuring/refinancing debt capital for the entire portfolio by providing detailed cash flow economics to potential lenders
• Serve as a board member for Metro Districts (and any similar public financing districts), which entails several responsibilities (e.g. bond issuances, district related management items, etc.)
• Oversees and reviews all project related Investment Committee Presentation approvals
• Provide financial management to support operating unit profitability for the Master-Planned Communities department and sub-departments
• Work cross functionally among teams and executive leadership on ad hoc projects and requests as needed
• Oversees the financial management of the water portfolio

Qualifications:

• Master-Planned Community experience preferred
• 5-7 years of progressive experience in real estate financial modeling and financial management
• A bachelor's degree, or equivalent experience, in finance, accounting, real estate or other related field required
• Strong Excel modeling skills
• Experience in real estate, private equity, or accounting/management reporting
• Demonstrated ability to effectively collaborate on a team and to work independently
• Excellent communication and presentation skills
• Ability to effectively build partnerships with cross functional teams and leaders while maintaining credibility
• Ability to meet communicated schedules and deadlines

Benefits:

McWhinney offers a competitive benefits package for full-time Associates including generous PTO, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k), and employee assistance plan.

This job description is intended to provide a general overview of the position. It is not designed to be a comprehensive nor detailed description of all the responsibilities and accountability of the role. As an agile company, our positions can and do change based on the business need of the organization.

If you are a recruiter or placement agency, please do not submit resumes to any person or email address at McWhinney. McWhinney is not liable for and will not pay placement fees for candidates submitted by any agency other than its approved recruitment partners. McWhinney is not currently seeking any new recruitment partnerships. Furthermore, any resumes sent to us without an agreement in place will be considered your companys gift to McWhinney and may be forwarded to our recruiters for their attention.

McWhinney is committed to the principle of equal employment opportunity for all associates. All employment decisions at McWhinney are based on business needs, job requirements and individual qualifications. All applicants will be considered for employment without attention to age, race, color, sex, sexual orientation, gender identity, national origin, veteran or disability status.