Senior Development Associate

Beacon Communities • Boston, MA

4d • $90,000 - $120,000 • Hybrid

About The Position

The Senior Development Associate will work independently and in support of Project Directors on development projects at various stages of development. Tasks include, but are not limited to assisting in (1) assessing and acquiring potential development sites and/or properties; (2) budgeting and financial analysis including pro-forma development and cash flow forecasts; (3) securing debt and equity financing including completing financing applications and supporting financing closings; (4) coordinating with development team members; (5) facilitating the permitting and construction/renovation process; (6) producing external communications and materials and planning events and (7) overall assistant project management.

Requirements

• Undergraduate degree (BA or BS)
• 3 to 5 years of real estate development, planning, investment, engineering, or construction management experience, preferably in the affordable housing environment. A masters’ degree in a related field can be substituted for 2 years of experience depending on field of study. Project experience should include exposure to all major aspects of project development and ability to work independently on most phases of project management. Candidates should have successfully participated in 2 or more complex affordable housing financial closings (or projects of comparable scale and complexity)
• Working knowledge of real estate development or project-management experience
• Some knowledge of affordable housing programs
• Goal-oriented and able to prioritize/manage multiple tasks and projects
• Financial and/or quantitative aptitude
• Ability to effectively communicate (in writing and in conversation) to team members, senior management, and investors
• Proficiency in Microsoft Excel, PowerPoint and Word

Responsibilities

• Identifying and researching potential sites for development and/or existing residential properties for acquisition
• Conducting project feasibility studies, sensitivity analysis, and residual land value analysis
• Coordinating development team members and consultants and negotiating/coordinating contracts with vendors and contractors
• Developing and maintaining development and construction budgets, including working with design team to develop an appropriate scope of work
• Researching financing opportunities and complete One-Stop and/or other financing applications
• Coordinating with lenders, allocating agencies, syndicators, and equity joint-venture partners to secure necessary funding. Coordinate with lenders and equity joint-venture partners during their due diligence, including providing necessary documentation as requested
• Obtaining permits, including zoning and environmental approvals
• Coordinating closing agenda items to ensure the project’s financing closes on schedule
• Provide day-to-day project management support from project planning and financial structuring through construction completion and project close-out
• Managing project budgets including invoice processing, requisition submittals, accounting systems, and schedule
• Creating and maintaining detailed summaries, document files, reference materials, and other resources for individual projects and for the development team to remain organized
• Planning and coordinating groundbreaking, ribbon cutting, and other events
• Preparing industry or company presentations and industry award applications
• Providing general support to other members of the development team

Benefits

• Health & Wellness Benefits. We offer plans for quality medical, dental, and vision coverage to all employees regularly scheduled to work a minimum of 24 hours or more per week. HSA/FSA options are also available.
• Work-Life Balance. On top of offering 13 paid holidays per year, we have an attractive paid time off policy that includes vacation days, personal days, sick time, wellness days, summer flex time, volunteer days and early close Fridays.
• Retirement planning. We offer a 401k program with a company match.
• 100% Company-Paid Life Insurance. With affordable options to elect voluntary life, critical illness, hospital care or accidental injury coverage.
• Access to an Employee Assistance Program (EAP),Childcare & Eldercare Support, Career Development and Advancement Opportunities… and more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level