Director, Capital Projects

Carmel Partners•San Francisco, CA

19h•$195,000 - $210,000•Hybrid

About The Position

Carmel Partners, a leading real estate investment management firm specializing in multifamily real estate, is seeking a Director, Capital Projects for its San Francisco or Santa Monica office. This national role will manage capital project execution across the company's multifamily development portfolio, contributing to strategic direction, overseeing financial performance, and ensuring consistent standards in process, quality, and reporting. The Director will operate with significant autonomy and be accountable for results.

Requirements

Bachelor's degree required.
5-10 years of progressive experience in development, capital projects, or construction project management, with meaningful time in multifamily residential.
Well-rounded functional background across finance, acquisitions, development, marketing, and construction.
Proven track record managing project teams and mentoring talent.
Strong negotiating and influencing skills, with the ability to build consensus across regional and corporate stakeholders.
Fluency in financial modeling and real estate economics.
Advanced proficiency in the Microsoft Office Suite, particularly Excel and Project, with strong PowerPoint and Word skills.
Familiarity with emerging data and analytics tools, with the ability to leverage insights to support asset strategy and operational decision-making.
Excellent organizational and time-management skills, with the ability to manage multiple complex projects simultaneously.
Exceptional communication, presentation, and interpersonal skills.
Collaborative team player who also thrives working independently.
Impeccable integrity and sound judgment.
Deep intellectual curiosity and the desire to apply excellent technical skills to drive value and shape investment strategy.
Authorized to work in the U.S.A.

Nice To Haves

Graduate degree in Business, Finance, Construction Management, or Real Estate preferred.

Responsibilities

Manage capital project execution across Carmel Partners multifamily development portfolio.
Drive project teams across regions, ensuring consistent execution standards and supporting professional development.
Contribute to Due Diligence efforts and formalization of Capital Business Plans during acquisitions.
Translate asset-level business plans and acquisition underwriting into buildable, phaseable project scopes that meet Investment Committee commitments.
Coordinate across internal teams and external partners, including Property Management, Acquisitions, Design, 3rd party Operations, Marketing, Construction, Asset Management, and Accounting.
Flag early when scope, cost, or building condition diverges from the pro forma underwriting.
Direct Owner/Architect/Contractor (OAC) meetings, both prior to and during construction.
Oversee external consultant teams, including architects, engineers, designers, and expeditors, and lead consultant bidding and selection processes.
Directly responsible for ensuring Construction phase of Capital Business Plan meets Investment Committee obligations. This includes project setup and close coordination with Carmel’s in-house Job Cost Accounting and Construction teams, 3rd-party general contractors, and direct subcontractors.
Establish and maintain design and construction schedules.
Manage project assumptions, including budgets, schedules, and scope of work.
Oversee permitting efforts and regulatory agency relationships.
Oversee preparation and distribution of regular reporting to senior management.
Present portfolio-level updates and recommendations to senior leadership, escalating key decisions as appropriate.
Maintain deep knowledge of Carmel’s markets to inform Capital Projects strategy and ensure regulatory compliance.
Travel nationally to portfolio assets, up to 50% of the time.