Director of Development

THE ANNEX GROUP’S MISSION STATEMENT

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

The Annex Group (TAG) is seeking qualified individuals searching for careers not jobs and can operate with a team first approach. If you are someone who wants to assist in our mission and make an impact, come join our team.

POSITION OVERVIEW:

The position is responsible for executing on a pipeline of multifamily development projects for Annex’s

growing portfolio. The Director of Development will own and be accountable for the management of the

full development lifecycle from site identification and acquisition through due diligence, closing, handover

to construction and the property management team.

ESSENTIAL DUTIES:

Include but are not necessarily limited to the following:

• Assist with RFQ/RFP responses, as necessary.
• Assist in the drafting and negotiation of the Letter of Intent and make recommendation(s) to VP of Development to determine terms of transaction.
• Collaborate with counsel on negotiation of Letters of Intent, Purchase and Sale Agreement, or other site control documentation.
• Meet with local planning and permitting officials and to attend public hearings and neighborhood meetings.
• Identify and engage municipal officials and strategic local partners to ensure project support.
• Obtain proposals for all due diligence vendors for each project and make recommendation(s) to the team.
• Assist in the presentation of prospective projects to the Investment Committee for approval.
• Assist in submission of LIHTC applications and applications for other funding sources.
• Collaborate and monitor design and engineering to ensure plans meet commitments to the community, funding sources, and TAG design standards.
• Work with Pre-construction and Property management through development, closing, and post-closing issues to ensure projects fulfill their commitments.
• Lead Development Operations for the full entitlement of approximately four to six development projects per year.
• Assist Finance team with closing related documentation.
• Follow-up and resolve any post-closing items, including requirements related to 8609.
• Manage a Development Associate for your team.

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 daily
• Frequent use of a computer is necessary as well as all general office equipment
• 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 the essential

functions.

• Bachelor’s degree from an accredited institution in business administration, economics, finance, or real estate, complemented by a master’s degree (a plus) with an emphasis on finance, economics or real estate
• At minimum five (5) years of relevant real estate development experience managing full-cycle processes associated with multifamily housing and three (3) LIHTC development experience and underwriting
• Ability to effectively communicate (oral and written) with both internal and external customers.
• Be a proficient communicator and listener
• Working knowledge of email and MS Office software programs necessary
• Ability to understand and analyze financial reports
• Ability to use computer software/hardware to prepare and present financial, economic and other data from project proformas and other analytical reports
• Ability to understand architectural, civil and construction plan drawings
• Ability and willingness to effectively use other job-related technology tools

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to

successfully perform the essential functions of this job. Reasonable accommodations may be made to

enable individuals with disabilities to perform the essential functions.

• Frequent walking, standing, sitting within the work area
• Driving to/from locations for business-related purposes
• Must be willing to travel as required