Land Development Coordinator-FG

D.R. Horton•Marlton, NJ

37d

About The Position

Forestar Group Inc. is a residential lot development company that works with homebuilders in established locations and long-term growth markets. The Land Development Coordinator plays an essential role in communication and coordination of timely events involved in land acquisition and development within a region or division. The role supports pre-acquisition activities, contract and vendor administration, budget tracking and communication, and coordination of letters of credit (LOCs) and surety bonds. The coordinator interfaces with departments involved in due diligence, tracks documentation and review, and coordinates agreements and files. The position also maintains bid information, prepares standard contract forms and exhibits, supports development budgets and revisions, communicates project milestones to Real Estate Services, verifies invoice coding, and coordinates LOC and surety bond requests and cancellations. The coordinator may compile and maintain schedules and run reports to support team coordination, and perform additional duties requested by acquisition and development teams. The role requires a professional and ethical approach, and the ability to work overtime and travel overnight.

Requirements

Associate’s degree or equivalent from a two-year college or technical school, or three to five years of related experience and/or training.
Two to three years of applicable real estate experience.
Ability to apply common-sense understanding to carry out instructions provided in written, oral, or Forestar application form.
Proficiency with Microsoft Office and email, including the ability to build and maintain reports and schedules in Microsoft Excel.

Nice To Haves

Contract administration experience.

Responsibilities

Assist with the pre-acquisition process by coordinating purchase and sales agreements, amendments, and other agreements for review and approval.
Track the status and review of due diligence documentation.
Coordinate filing of soft- and hard-copy files with the Land Development Administrator, Real Estate Services, and Legal.
Maintain bid spreadsheets and bid tabulations.
Create standard contract forms and exhibits for new contracts.
Ensure Real Estate Services receives fully executed contracts with coding that corresponds to the current budget.
Work with development directors and managers to coordinate project jobs and contracts.
Assist Vice Presidents, Investment Managers, and Development Directors with original development budgets and Budget Revision Worksheets (BRWs), including obtaining approvals.
Communicate development start dates, projected end dates, Notices of Substantial Completion, recorded plats and address plats, and actual development end dates to Real Estate Services.
Verify invoice coding against the budget and include needed budget changes in the monthly BRW.
Prepare LOC/surety bond request forms and submit them to D.R. Horton Treasury and Risk Management.
Obtain beneficiary approval of LOC/surety bond drafts.
Monitor and coordinate cancellation of LOCs and bonds when applicable to reduce outstanding exposure.
Conduct business professionally and ethically to serve customers and support company goodwill and profitability.
Compile and maintain schedules and build and run reports that support coordination of team efforts in a region or division.
Perform additional duties as requested by acquisition and development teams.
Work overtime and travel overnight as needed.