What are the responsibilities and job description for the VP of Real Estate position at Wallace Finance?
The Vice President of Real Estate will provide strategic and operational leadership for Wallace Ranch Development, overseeing the advancement of the project from planning and due diligence through entitlement, infrastructure coordination, development execution, and long-term value creation. This position will work closely with company leadership, professional consultants, engineers, planners, contractors, governmental agencies, and other stakeholders to coordinate development activities, manage project priorities, identify opportunities, and support the successful execution of the Wallace Ranch development vision. Development Strategy and Planning: Lead the coordination and advancement of the Wallace Ranch Development plan in alignment with company objectives. Evaluate development opportunities, land use strategies, project phasing, and potential long-term value. Assist leadership with strategic planning, feasibility assessments, and development recommendations. Identify project risks, constraints, opportunities, and potential solutions. Land Use, Due Diligence, and Entitlements: Coordinate due diligence activities related to property, land use, zoning, environmental considerations, utilities, access, and development feasibility. Work with planning professionals, legal counsel, engineers, surveyors, and other consultants to advance required approvals. Coordinate with applicable governmental entities and other stakeholders regarding zoning, entitlements, permitting, and development requirements. Monitor approval timelines, requirements, and outstanding project matters. Infrastructure and Development Coordination: Oversee coordination of infrastructure planning, including roads, utilities, drainage, site improvements, and related development needs. Coordinate the work of engineers, architects, planners, contractors, and other project professionals. Monitor project schedules, milestones, dependencies, and potential delays. Help ensure development activities remain aligned with approved plans, budgets, and project priorities. Financial and Budget Oversight: Assist in preparing and monitoring development budgets, cost estimates, financial projections, and project schedules. Evaluate project costs, development alternatives, and potential returns. Identify budget variances and recommend corrective actions where appropriate. Provide leadership with regular updates on financial performance, risks, and resource requirements. Project Management and Execution: Establish and maintain project priorities, timelines, milestones, and accountability measures. Coordinate communication across project participants to support efficient decision-making and execution. Track outstanding deliverables, approvals, contracts, and other critical project requirements. Provide regular progress reports and recommendations to company leadership. 328 E CARL ALBERTY PKWY / MCALESTER, OK 74501 / WALLACEFINANCE.COM Stakeholder and Relationship Management: Develop and maintain productive working relationships with governmental officials, consultants, contractors, landowners, utility providers, business partners, and other stakeholders. Represent the company professionally in development related meetings and discussions. Coordinate the resolution of project issues and communicate material developments to leadership. Support negotiations and business discussions within the authority delegated by the company. Leadership and Accountability: Work collaboratively with executive leadership to establish project objectives and measure progress. Exercise sound judgment in evaluating development decisions and recommending courses of action. Escalate significant financial, operational, regulatory, contractual, or scheduling concerns. Perform other related duties consistent with the position and the company's development objectives. Performance Expectations: Performance will be evaluated based on achievement of objectives established by company leadership. Relevant areas may include: Advancement of Wallace Ranch Development through defined planning, entitlement, and development milestones. Progress toward established project schedules and key deliverables. Effective management and coordination of consultants, contractors, and other project participants. Budget management, cost awareness, and financial accountability. Timely identification and resolution of project risks and obstacles. Quality of reporting, communication, leadership, and decision support. Contribution to the overall success and long-term value of the development. Specific goals, measurement criteria, and evaluation periods will be established separately by company leadership. Qualifications and Experience The position requires demonstrated ability in real estate development, project coordination, strategic planning, financial analysis, or related areas. Relevant experience may include land development, entitlements, infrastructure coordination, budgeting, consultant management, and complex project execution. Position Scope This job description outlines the general responsibilities and expectations of the Vice President of Real Estate, with a primary focus on Wallace Ranch Development. Responsibilities may evolve as the project advances and business needs change.