Senior Development Associate

Beacon Communities•Boston, MA

3d•$90,000 - $120,000•Hybrid

About The Position

Senior Development Associate, Boston Corporate Office - Boston, MA Hybrid Remote General Statement of Duties: 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. Supervision Received: Reports to President or Vice President of Beacon Communities Development Supervision Exercised: No Supervisory duties required. FLSA Status: Exempt Location: Corporate Office (Boston) Essential Functions of the Position: The Development Associate, working in conjunction with senior staff, will be responsible for assisting Project Directors and working independently in the following areas: 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; and Providing general support to other members of the development team.

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