Development Associate (Operations)

Development Associate-Operations

THE ANNEX GROUP’S MISSION STATEMENT:

To create a positive impact with the people who live, work, and are involved in our communities.

FLSA CLASSIFICATION: Full Time, Exempt

REPORTS TO: Director of Development

POSITION OVERVIEW:

Support Director of Development in managing the full development lifecycle of a multi-family housing development project from site due diligence, entitlements, financial closing, and the successful handover to construction and the property management team.

ESSENTIAL DUTIES:

Include but are not necessarily limited to the following:

• Evaluate and underwrite new development opportunities, assessing financial feasibility and site constraints, while ensuring compliance with State QAPs and local codes.
• Oversee project due diligence and manage third-party reports needed for tax credit applications, including site assessments, environmental studies, zoning determinations, utility checks, market studies, appraisals, surveys, and geotechnical reports.
• Work closely with other team members as they procure the debt, equity, and other resources to ensure the financial feasibility of each project.
• Obtain proposals for due diligence vendors for each project and make recommendation(s) to the team.
• Manage selected vendors to coordinate due diligence on site.
• Coordinate, review, and comment on due diligence with General Counsel
• Attend municipal hearings and other project site meetings, as necessary.
• Assist in preparation of tax credit applications.
• Assist in the application process to ensure projects meet the budget, schedule, and guidelines set by the Development Director and VP of Development.
• Monitor deadlines and approvals, addressing any issues during the application process.
• Support the selection of third-party consultants and help execute development contracts.
• Conduct research and collaborate with consultants and internal teams.
• Assist in producing site plans, renderings, reports, project commitments, and final submissions.
• Track project tasks using project management software.
• Provide weekly project updates to the Director of Development and participate in team updates and discussions.
• Contract drafting for consultants and vendors.
• Budget and invoice tracking and
• Assist in preparation of presentations for internal investment committee meetings.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters

while performing the essential functions of this job. Reasonable accommodations may be made to enable

individuals with disabilities to perform the essential functions.

• The work environment is that of a fast-paced office with minimal to high noise levels
• This position requires working independently as well as part of a team
• This position requires verbal and face-to-face contact with others on a daily basis
• Frequent use of a computer is necessary
• This position requires the use of all general office equipment
• The position requires client information be maintained appropriately confidential
• At times while on site this position will be exposed to routine job site hazards and thus appropriate safety precautions will need to be adhered to in strict accordance to OSHA

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Bachelor's degree required – preference for a focus in Finance, Real Estate, Urban Planning, Engineering, Construction, Architecture, or a related field.
• Experience in real estate with a focus in LIHTC development preferred
• Must have exceptional attention to detail.
• Strong organizational and time management skills, and ability to prioritize.
• Must be a self-starter and driven.
• Excellent communication and interpersonal skills
• Strong problem-solving skills and analytical abilities
• Must be proficient with Microsoft Office and Google products.
• Experience in the creation of proformas with Microsoft Excel.
• Ability to effectively communicate (oral and written) with both internal and external customers.
• Excellent relationship-building and organizational skills.
• Ability to work with minimal supervision.
• Conflict and relationship management skills
• Ability to work on multiple projects simultaneously with frequent interruptions.
• Strong work ethic and a positive attitude
• Self-motivated, adaptable, and dependable, with a focus on customer service
• Professional appearance and demeanor
• Travel up to 20%.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

• Frequent walking, standing, and sitting within the work area.
• Driving to/from locations for business-related purposes.
• Frequent walking throughout the community.