What are the responsibilities and job description for the Director of Development position at Specialty Consultants Inc.?
SCI, the leading real estate search firm, is seeking a Director of Development to join a national, award winning affordable, workforce, and mixed-income housing developer and investor with twenty five thousand units and $4 bil. in AUM across the country.
With great access to capital, and ambitious strategic vision, they aspire to double their portfolio size by 2030.
THE POSITION
The Director of Development oversees a team of DM's, who lead the entire project lifecycle from initial site assessment through construction completion and delivery. In this role, the DD will maintain communication and manage project goals, priorities, budgets, and schedules, ensuring all aspects of the project are effectively executed. This position reports to the Managing Director, Development.
What You Can Expect to Do
Oversee the entire development process for multifamily projects, from initial site assessment and entitlements through construction completion and final delivery.Feasibility and Due DiligenceSite investigation, including topography, easements/title exceptions, utility availability, local zoning and development process, and yield analysisWork with Acquisitions team on underwritingPlanning and EntitlementLead entitlements process, zoning applications, environmental reviews, public hearings, and community engagement. Ensure compliance with all regulations.Lead the team in planning and analysis of design and preconstruction activities including involving the appropriate team members at the appropriate times.Manage the entitlement process with all parties including community engagementAnalyze market data and work with VP to define development programNegotiates and contracts with design team, consultants and other third partiesAccurately forecasts and maintains budgetary projectionsManage monthly financials and project reports and present to management teamDesign and ConstructionInterview/hire design, engineering, land-use, and any other project consultants. Negotiate and manage contracts with third-party consultants.Effectively and consistently communicates project goals, priorities, budgets, and schedules to project teamEstablish/maintain project budgets and schedulesEnsure plans are complete, well-coordinated and within established budgetsServes as owner representativeManages permitting processDevelop and advance design standardsProject Lease Up and CloseoutManages the turnover to asset and property managementWork closely with internal teams to ensure project goals are met and timelines are adhered to.Collaborate with the finance team to develop project budgets.Build and maintain relationships with local government officials, community organizations, and stakeholders to facilitate project approval and supportIdentify potential risks and develop mitigation strategies throughout the development processEnsure high standards of quality and sustainability in all aspects of development, adhering to company values and industry best practicesAssists with easements/off-site agreementsProvide timely information for tax credit application to the Capital Markets teamWork collaboratively across departments to develop Investment Committee packagesSynthesizes data from construction and property management
What You Should HaveBachelor’s degree in Real Estate, Urban Planning, Business Administration, or a related field; Master’s degree preferred.Exposure to LIHTC financing and strong understanding of affordable development.Working knowledge of local zoning and land use regulations.Excellent communication and negotiation skills, with the ability to engage effectively with diverse stakeholders.Demonstrated ability to manage multiple projects simultaneously and meet deadlines.Proficiency in project management software and financial modeling tools.Applies knowledge/skills to produce quality work in a timely and accurate mannerAbility to make sound decisions and problem solving timely and effectively in a fast-paced environmentAbility to organize self and others, prioritize tasks and manage multiple projects with competing demandsProficient in Microsoft Office: Word, Excel, Outlook, and PowerPointGreat respect for detailsCollaborative approach and calm, cordial relationship styleResourcefulness in tracking down information
What You Should Be
Embraces company core values and behaviorsEncourages team to follow policies and proceduresPromotes teamwork/cooperationArticulate communicationHigh level of organizationHighly accountableReady to work in a fast-paced environmentAttends/participates in training
With great access to capital, and ambitious strategic vision, they aspire to double their portfolio size by 2030.
THE POSITION
The Director of Development oversees a team of DM's, who lead the entire project lifecycle from initial site assessment through construction completion and delivery. In this role, the DD will maintain communication and manage project goals, priorities, budgets, and schedules, ensuring all aspects of the project are effectively executed. This position reports to the Managing Director, Development.
What You Can Expect to Do
Oversee the entire development process for multifamily projects, from initial site assessment and entitlements through construction completion and final delivery.Feasibility and Due DiligenceSite investigation, including topography, easements/title exceptions, utility availability, local zoning and development process, and yield analysisWork with Acquisitions team on underwritingPlanning and EntitlementLead entitlements process, zoning applications, environmental reviews, public hearings, and community engagement. Ensure compliance with all regulations.Lead the team in planning and analysis of design and preconstruction activities including involving the appropriate team members at the appropriate times.Manage the entitlement process with all parties including community engagementAnalyze market data and work with VP to define development programNegotiates and contracts with design team, consultants and other third partiesAccurately forecasts and maintains budgetary projectionsManage monthly financials and project reports and present to management teamDesign and ConstructionInterview/hire design, engineering, land-use, and any other project consultants. Negotiate and manage contracts with third-party consultants.Effectively and consistently communicates project goals, priorities, budgets, and schedules to project teamEstablish/maintain project budgets and schedulesEnsure plans are complete, well-coordinated and within established budgetsServes as owner representativeManages permitting processDevelop and advance design standardsProject Lease Up and CloseoutManages the turnover to asset and property managementWork closely with internal teams to ensure project goals are met and timelines are adhered to.Collaborate with the finance team to develop project budgets.Build and maintain relationships with local government officials, community organizations, and stakeholders to facilitate project approval and supportIdentify potential risks and develop mitigation strategies throughout the development processEnsure high standards of quality and sustainability in all aspects of development, adhering to company values and industry best practicesAssists with easements/off-site agreementsProvide timely information for tax credit application to the Capital Markets teamWork collaboratively across departments to develop Investment Committee packagesSynthesizes data from construction and property management
What You Should HaveBachelor’s degree in Real Estate, Urban Planning, Business Administration, or a related field; Master’s degree preferred.Exposure to LIHTC financing and strong understanding of affordable development.Working knowledge of local zoning and land use regulations.Excellent communication and negotiation skills, with the ability to engage effectively with diverse stakeholders.Demonstrated ability to manage multiple projects simultaneously and meet deadlines.Proficiency in project management software and financial modeling tools.Applies knowledge/skills to produce quality work in a timely and accurate mannerAbility to make sound decisions and problem solving timely and effectively in a fast-paced environmentAbility to organize self and others, prioritize tasks and manage multiple projects with competing demandsProficient in Microsoft Office: Word, Excel, Outlook, and PowerPointGreat respect for detailsCollaborative approach and calm, cordial relationship styleResourcefulness in tracking down information
What You Should Be
Embraces company core values and behaviorsEncourages team to follow policies and proceduresPromotes teamwork/cooperationArticulate communicationHigh level of organizationHighly accountableReady to work in a fast-paced environmentAttends/participates in training
Salary : $4
