Development Associate - Operations

The Annex Group • Fishers, IN

71d

About The Position

Support Director of Development in the management of 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.

Requirements

• Ability to effectively communicate (oral and written) with both internal and external customers.
• Ability to prioritize, organize, and multi-task.
• Ability to work with minimal supervision.
• Articulate, professional oral and written communication skills.
• Bachelor's degree required – preference for a focus in Finance, Real Estate, Urban Planning, Engineering, Construction, Architecture, or a related field.
• Excellent communication and interpersonal skills.
• 3 years’ experience in real estate development or LIHTC preferred.
• Experience in the creation of proformas with Microsoft Excel.
• Must have exceptional attention to detail.
• Needs to have excellent relationship-building skills.
• Professional appearance and demeanor.
• Self-motivated, adaptable, and dependable, with a focus on customer service.
• Strong problem-solving skills and analytical abilities.
• Strong work ethic and a positive attitude.
• Travel up to 20%.
• Working knowledge of email and MS Office software programs necessary.

Responsibilities

• Assist Development Director as needed to ensure project success.
• Assist in preparation of presentations for internal investment committee meetings.
• Assist in preparation of tax credit applications.
• Assist in producing site plans, renderings, reports, project commitments, and final submissions.
• Attend municipal hearings and other project site meetings, as necessary, related to entitlements, permits, etc.
• Attend conferences to network with industry peers.
• Budget and invoice tracking for predevelopment expenses.
• Collaborate with local, state, and federal entities to ensure projects fulfill all relevant standards required for closing and compliance with commitments.
• Complete understanding of prospective project ‘deal book’ which is the investment thesis for all prospective projects with supporting data.
• Collaborate with internal and external team members effectively.
• Contract drafting for consultants and vendors.
• Coordinate, review, and comment on entitlement, permits, approvals, and design due diligence, along with related vendor contracts, with General Counsel.
• Help coordinate, reconcile, and implement design commitments with financial partners, municipalities, neighborhoods, and design guidelines.
• Manage selected vendors to coordinate due diligence on site.
• Monitor deadlines and approvals, addressing any issues during the entitlement and permitting process.
• Obtain proposals for due diligence vendors for each project and make recommendation(s) to the team.
• Assist with any 3rd party reports needed for tax credit applications, including site assessments, environmental studies, zoning determinations, utility checks, market studies, appraisals, surveys, and geotechnical reports.
• Participate in all phases of architectural and engineering design.
• Provide weekly project updates to the Director of Development and participate in team updates and discussions.
• Be familiar with qualified allocation plans for underwriting standards and design criteria for new LIHTC projects.
• Support Development Director in presenting prospective projects to the Investment Committee for approval.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree
• Number of Employees: 11-50 employees