Development Manager

Presbyterian Homes & Services•Roseville, MN

35d

About The Position

Senior Housing Partners (the project development company of Presbyterian Homes & Services) is seeking a Development Manager to join its team. The Development Manager takes a lead role in shepherding a new project or redevelopment through all phases of development. This position will lead two to three development projects in various stages of development. The Development Manager is responsible for achieving project tasks related to property acquisition, pro forma financial analysis, project debt and equity financing, loan closings and project planning and construction. REPORTING STRUCTUREThe Development Manager reports to the Director of Real Estate Development. The Development Manager is responsible for managing various data bases, spread sheets and reports related to project budgets and schedules, project financing, construction administration and property lease-up. The Development Manager assists the VP in analyzing project financial feasibility, closing the project debt and equity financing, working closely with the community in planning neighborhood development, preparing internal and external reports and soliciting consultant and contractor services. The Development Manager is responsible for coordinating the preparation of requests for proposals, contracts, and other documents.

Requirements

Bachelor’s degree required; master’s degree in related field (real estate, urban planning, architecture, business or finance) preferred.
3-4 years of experience in development or senior housing, assisted living, care center, or related field and/or meets required competency targets.
Demonstrated knowledge of senior living real estate development, building codes, regulatory requirements, and functional and operational requirements.
Demonstrated knowledge of real estate development, finance, design, and management.
Demonstrated knowledge of due diligence and financial underwriting.
Proficiency with Word, Excel, and PowerPoint is required; proficiency with MS Project is preferred.
Experience with financial analysis using Excel or similar spreadsheet program is required; experience with GIS software is a plus.
Must have strong writing and editing skills and experience in conducting research and analysis.
Must have flexibility, personal integrity, and ability to work effectively with co-workers, site operating staff, and various other professionals.
Ability to work independently.
Ability to direct a team of professionals.
Must have flexibility, personal integrity, and ability to work and communicate effectively with co-workers.
Must be a team player, willing to take directions and accept responsibility for meeting specified objectives.
Must have excellent oral, written, and interpersonal communication skills and strong attention to detail.
Ability to work within specific timelines and travel up to 15% of the time.
Demonstrated ability to read, write, speak and understand the English language to communicate with all customers.
Demonstrated compatibility with PHS’ mission and operating philosophies.

Responsibilities

Manage day-to-day tasks of all assigned development projects and pipeline activities. Ensure a high-quality project and establish a high performing team through conducting the project concept development. Coordinate and select professionals including architects, engineers, general contractors, financing underwriters, and others necessary to advance the project.
Perform pro forma financial analysis of properties for development, acquisition, and redevelopment.
Prepare pro forma development budgets and property operating budgets under the direction of a VP.
Work with team members to prepare responses to requests for proposals and solicitations for bids by coordinating the proposal response and preparing the proposal materials.
Perform site visits of potential property acquisitions and assists VP in market analysis and preparation and review of due diligence reports. Help guarantee desired sites by assisting with the site acquisition process. Work with the professional staff to present plans to approve jurisdictions (city, county, watershed district, etc.) to obtain project/ land entitlements.
Solicit consultant and contractor services for due diligence, design and construction services, review and evaluate the responses and obtain the services.
Assist with the preparation of debt and equity financing applications for each of the projects.
Support the team in closing the financing and manage the closing checklist.
Contribute to project efficiency by directing site planning. Serve as the owner representative through the construction process including attending construction meetings, evaluating proposed project change orders, coordination of monthly draws, and completing post-construction punch list and warranty work.
Assist the VP with the construction administration process by coordinating the flow and filing of construction documents.
Analyze progress against project schedule and modifies schedule as needed.
Prepare internal and external reports on each project as required.