Development Manager

Capstone Development Partners LLC•Birmingham, AL

13d•$100,000 - $130,000

About The Position

A Development Manager (‘DM’) is able to undertake many of the day to day tasks associated with development without oversight or direction. As a DM, you are also developing additional skills that will allow you to move into the role of a VP of Development / project lead. Essential Functions: The DM supports the development group with a diverse set of activities and responsibilities beginning with project solicitation and continuing through construction completion and into project operations. A Development Manager will be capable of independently performing the following functions as a project progresses from identification through project occupancy: Analyze project and partner viability Create comprehensive project assessments and reports for evaluation by the project committee Vet and make recommendations on project team members Document project processes--agendas, meeting minutes, team member correspondence/direction Create and manage project schedules and action item lists Create project financial models and finance packages for use internally and in the capital markets. Transition projects from predevelopment to construction and from construction to operations Assemble and document project metrics and historical data Research market trends and present findings to development teams and company principals A Development Manager will work closely with Sr. Project staff and/or company Principals to accomplish the following: Create project proposals in response to RFQs and RFPs Assemble and manage development team members during predevelopment and construction Enforce/ensure schedule adherence Execute entitlement and permitting processes Execute project closings Track project expenditures versus budget. Maintain financial forecasts for active developments. Support the construction and development team throughout the construction process in order to maintain relationship consistency, provide a high level of customer service to our institutional partner and ensure adherence to project agreements and project quality standards Support property management team ultimately responsible for post completion facility operations In addition, the Development Manager will support Sr. Development staff or company Principals to: Draft and negotiate all project agreements Structure finance and project capitalization plans and strategies

Requirements

Experience with Capstone as a Development Analyst or 1-4 years of relevant work experience in project management specific to real estate development preferred.
Bachelor's degree required, preferably Finance or Real Estate Finance.
Strong quantitative and analytical skills with proven financial modeling skills.
Ability to read, understand, develop and maintain project pro-formas and budgets.
Strong organizational, time-management, and project management skills in order to effectively track, report, and manage multiple projects and priorities where meeting deadlines is critical.
Maintains trusted and respectful relationships with clients, business partners, and team members.
Strong communication skills, written and verbal.
Eagerness and ability to collaborate in a team-oriented environment.
Self-starter with core leadership skills and entrepreneurial disposition with eagerness to pursue new tasks with limited direction.
Proficient in Excel, Word, and PowerPoint. Ability to quickly learn new software and systems to complete, design, and develop required reports and documents.

Responsibilities

Analyze project and partner viability
Create comprehensive project assessments and reports for evaluation by the project committee
Vet and make recommendations on project team members
Document project processes--agendas, meeting minutes, team member correspondence/direction
Create and manage project schedules and action item lists
Create project financial models and finance packages for use internally and in the capital markets.
Transition projects from predevelopment to construction and from construction to operations
Assemble and document project metrics and historical data
Research market trends and present findings to development teams and company principals
Create project proposals in response to RFQs and RFPs
Assemble and manage development team members during predevelopment and construction
Enforce/ensure schedule adherence
Execute entitlement and permitting processes
Execute project closings
Track project expenditures versus budget. Maintain financial forecasts for active developments.
Support the construction and development team throughout the construction process in order to maintain relationship consistency, provide a high level of customer service to our institutional partner and ensure adherence to project agreements and project quality standards
Support property management team ultimately responsible for post completion facility operations
Draft and negotiate all project agreements
Structure finance and project capitalization plans and strategies