Assistant Director of Real Estate

Assistant Director of Real Estate

New Jersey Community Development Corporation

New Jersey Community Development Corporation (NJCDC) is a multi-faceted community development and social service agency providing housing and social services to men, women, and children living or attending school in the Great Falls Neighborhood of Paterson. NJCDC owns and operates thirteen (13) buildings, which encompass more than 150 residential apartments, a kindergarten through 8th grade charter school, two pre-schools, and a community youth center. In addition, there are currently five (5) projects in the real estate pipeline at different stages of development. The Assistant Director of Real Estate is principally responsible implementing and executing NJCDC’s real estate development strategy, goals and objectives. Reporting directly to senior management, the Assistant Director of Real Estate is responsible for project management of all real estate development and capital improvement projects including site reconnaissance, environmental due diligence, financing, acquisition, design, land use approvals, permitting, construction, and short- and long-term compliance; and oversight of project architects, engineers, attorneys and general contractors. In addition, the Assistant Director of Real Estate will assist the Director of Property Management with the completion of a number of property management functions including lease-up of new projects and vacant apartments, turnover of vacant apartments, monthly tenant matters, and preparation of compliance reports in accordance with the guidelines and requirements of project funders.

Essential Duties

· Manage NJCDC real estate development and capital improvement projects from inception to completion with a detailed focus on quality assurance and adherence to project timelines

· Analyze the real estate market to identify development opportunities and potential sites for development

· Develop project concepts and perform feasibility analyses

· Prepare development forecasting and modeling (profitability/pro forma)including cost estimates, sources and uses, operating statements, cash flow analysis and supporting schedules, together with senior management

· Determine the optimal financial structures and funding sources for the future proposed developments

· Secure permanent and construction financing including applications for conventional financing, or through municipal, state, and federal housing programs

· Manage site control and acquisition process including review of materials and contracts for the purchase of the land, and monitoring deadlines in the land purchase contract

· Work in conjunction with the architect and engineer to prepare design development and construction documents to ensure conformance with the development scope, local ordinance, and pertinent program requirements from funders

· Prepare application materials for city and county planning and zoning boards, and work with land use attorney to ensure approvals are received pursuant to the overall project schedule

· Oversee day-to-day activities during construction including troubleshooting, managing the requisition process and performing regular site inspections

· Assist the Directory of Property Management with the completion of a number of property management functions including lease-up of new projects and vacant apartments, turnover of vacant apartments, monthly tenant matters, and preparation of compliance reports in accordance with the guidelines and requirements of project funders.

· Prepare development status reports for senior management and Board of Trustees

· Other duties as assigned

Job Requirements

· Minimum BA in architecture, engineering, real estate or relevant field (Master’s Degree preferred)

· 1 to 3 years work experience in real estate development, construction management, or architecture/engineering design, preferably involving tax credit and supportive housing projects

· Ability to develop and maintain strong professional relationships with key internal and external executives and organizations

· Demonstrated analytic, conceptual, and planning skills

· Ability to exercise sound judgment concerning expenditures, site acquisition, architectural and construction contract negotiation, community and political relationships, partnership arrangements with private developers, and project financing using state and municipal affordable housing and economic development financing programs

· Mastery of Excel and Word software. Knowledge of property management and project planning software a plus.

· Excellent interpersonal, verbal, and written communication skills

· Strong organizational skills, self-starter, and ability to work independently

· Experience using ArcGIS to analyze data and create maps a plus

· Previous work experience with special needs populations and affordable housing development preferred

· High level of commitment to, and enthusiasm for, promotion of NJCDC’s mission

· Willingness to learn and accept new challenges

Compensation

NJCDC will offer a competitive salary and benefits package commensurate with a candidate’s background, skills, and promise.

If Interested In Applying For This Position

E-mail your resume with a thoughtful cover letter telling us about yourself, your skills, and experience.

About New Jersey Community Development Corporation

New Jersey Community Development Corporation (NJCDC) is a non-profit community development and social service agency located in the City of Paterson with a mission of creating opportunities to transform lives. We employ over 100 individuals performing a wide variety of community development, youth development, educational, supportive housing and social service functions, collectively impacting hundreds of lives each day. You can find out more about us by visiting www.njcdc.org.

NJCDC is an Equal Opportunity Employer.

Job Type: Full-time

Pay: $75,000.00 - $85,000.00 per year

Benefits:

• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Experience:

• Customer service: 1 year (Preferred)

License/Certification:

• Driver's License (Preferred)

Work Location: In person

Salary : $75,000 - $85,000