Senior Managing Director, Development

Shine Associates, LLC • Boston, MA

71d

About The Position

Shine Associates, LLC (‘Shine’) has been retained to search, identify, and recruit a Senior Managing Director of Development on behalf of our client (‘Company’). The position will be located in the Boston, MA office. The primary vision for the Senior Managing Director is to partner with leadership to launch the Company’s Residential as a top-tier national and local development platform—achieving a ‘Top Five in Five’ objective. This market leader will demonstrate an entrepreneurial spirit, building and growing both the team and the business to achieve a minimum of one new construction start per year. The leader will embrace thoughtful, efficient institutional discipline and foster a culture of transparent, collaborative risk management. The Senior Managing Director of Development leads the sourcing and execution of the Company’s development and new construction strategy, managing all facets of new projects to achieve financial and growth targets. This position reports to the President of Multifamily Development and will interface extensively with real estate owners, brokers, and senior executives.

Requirements

• 10-15 years of real estate development experience.
• Strong interpersonal skills, exceptional verbal and written communication.
• Deep and broad experience in multi-family development and new construction.
• Prior entitlement experience and a solid understanding of construction means and methods.
• Strong research skills and ability to identify and compile information to support the investment thesis.
• Demonstrated ability to read, write, negotiate, and communicate effectively.
• Demonstrated ability to read and comprehend architectural, structural engineering and civil engineering plans.
• Extensive experience in negotiating Architectural and Engineering Consulting Agreements.
• Demonstrated high proficiency in Microsoft Word and Microsoft Excel.
• Demonstrated excellent mathematical skills necessary to develop project proformas and financial forecasts.

Nice To Haves

• Experience in managing and supervising teams.
• Employment history that demonstrates the application and usage of a development and/or facilities background.

Responsibilities

• Source new development opportunities, with the overall goal of one+ new construction start per year.
• Negotiate or assist in the negotiation of complex legal instruments including contracts, easements, term sheets, loan documents, joint venture agreements, municipal agreements, joint development agreements, etc.
• Develop and perform financial analyses and entitlement risk underwriting, which forms the basis for site selection and the Company’s spending of pursuit capital and allocation of investment capital.
• Manage the pre-entitlement process by maintaining accurate pursuit cost forecasting and reporting and implement and execute programs and processes to ensure pro-forma development budgets, underwriting, schedules, quality, and standards are met and completed in accordance with adopted Company policies.
• Supervise development production team members and managers by interviewing, orienting, training and mentoring employees, and managing their performance in accordance with Company policies, values, and business practices.
• Fully engage and work with the Multifamily Business Lead and discipline team leaders in achieving the market’s financial and growth goals.
• Participate in routine Investment Committee meetings that focus on proposed development projects by making presentations on said projects.
• Discuss strategy and provide input to the strategic decisions and direction of the Company’s Development & Construction business.
• Manage complex development projects under construction to ensure developments remain on time and on budget.
• Manage consultant third party consultants to identify, entitle, design, finance, permit, construct, lease, manage and dispose of new development projects.

Benefits

• Competitive compensation package in accordance with the candidate’s experience.

What This Job Offers

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