What are the responsibilities and job description for the Development position at LDG Development?
POSITION: Development Manager
REPORTS TO: Director of Development
COMPENSATION: Salary, Benefits
LOCATION: On-Site
SUMMARY
The Development Manager will work directly with the Development Director and Development Coordinators to facilitate the development of LIHTC and Workforce Housing developments. Overview of tasks includes a preliminary site due diligence review, managing in-house and 3rd party design consultants, managing the development approval process, performing preliminary underwriting and ongoing financial analysis, overseeing tax credit and other financing applications, and seeing the development through the financial closing process. Some post-closing construction and lease-up monitoring may be required.
RESPONSIBILITIES (Including but not limited to)
- Work with Development Coordinators and report to the Development Director.
- Perform site due diligence on potential sites to determine if they meet threshold standards.
- Direct involvement in the preliminary conceptual design of each multifamily project, including site, buildings, and amenities.
- Work with City/County governing bodies to obtain required approvals.
- Review third-party civil and architectural drawings for consistency and compliance with state housing agencies.
- Request and obtain third-party reports from various consultants and process applicable invoices.
- Prepare and submit tax credit applications and other financing applications as needed.
- Perform pro forma financial modeling on current and prospective development sites.
- Manage the financial closing process.
- Maintain a daily pipeline spreadsheet detailing key dates of land contracts, tax credits, and bonds.
- Travel required up to 25% of the time.
QUALIFICATIONS
Education and Experience:
- Bachelor’s degree in finance, Real Estate, Accounting, Economics.
- 3 years of real estate experience or equivalent. Multifamily/LITHC preferred
- Ability to manage numerous projects in various phases of design and development.
- Exceptional verbal and written communication skills.
- High proficiency in proforma financial modeling techniques.
- Strong fluency with Excel formulas and functions.
- Proficiency in the use of computers and industry-standard software technology including Excel, PowerPoint, Adobe, and other project management software.
- Valid Driver’s License/Travel ID
BENEFITS
- Medical, Dental, and Vision Insurance
- Health Savings Account (HSA)
- Paid Time Off (PTO)
- Paid Holidays
- 401 (k) Retirement Plan
- Employee Assistance Program (EAP)
- Competitive bonus structure
- Tuition Reimbursement
- Paid Group Life Insurance
- Ancillary Benefits: Pet Insurance, Parental Leave etc.
WORK CONDITIONS
You are required to work in enclosed office spaces in a climate-controlled environment. Noise levels will be moderate due to office equipment, foot traffic, telephones, and meetings. This position requires travel up to 25% of the time.
PHYSICAL DEMANDS:
To successfully perform the essential functions of this role, employees must be able to engage in routine physical activities, including standing, walking, climbing, stooping, squatting, and using their hands for typing and handling materials.
Employees must be capable of lifting or moving items up to 10 pounds and possess adequate visual abilities, including close and distance vision, color and peripheral vision, depth perception, and the ability to adjust focus. Occasional travel may be required for training, property support, or other job-related needs.
This job description is not intended to be an exhaustive list of all duties. Employees are expected to follow additional instructions and perform other related tasks as assigned by their manager.