Vice President, Development

Extell Development Company•Park City, UT

33d

About The Position

The Company: Founded and headed by Gary Barnett, Extell Development Company is a nationally acclaimed real estate developer of residential, office, retail and hospitality properties, operating primarily in New York City and other premier cities across the nation, including Deer Valley, Utah. Experiencing outstanding growth since its founding in 1989, the company’s growing portfolio exceeds twenty-five million square feet. Summary of Responsibilities: The Vice-President oversees all aspects of the development process. Working in close collaboration with senior management, the Vice-President’s role is to ensure that project milestones, budgets and quality standards are met. The Vice-President oversees the review and coordination of design documents, reviews and evaluates proformas, financial analysis; project cost projections as well as monthly reports for investors and management; reviews and ensures continued compliance of major project agreements. The Vice President interacts directly with senior management in anticipating and solving problems in an ongoing effort to minimize crisis management on all development matters.

Requirements

Manage multiple priorities simultaneously without losing sight of project goals
Strategic, creative thinker, using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
Excellent and effective oral and written communication skills with the ability to infuse the internal management process with new ideas as well as to support external marketing efforts.
Strong, effective interpersonal and analytical skills
Work independently, present recommendations and interact with the Senior Management and Partners in the decision making process
Ability to work in entrepreneurial environment
Ability to respond rapidly to changes in the market
Strong organizational skills, attention to detail, independent work ethic, and administrative skills
Bachelor’s degree from an accredited university or college required
Minimum of 10 years of relevant experience in real estate development, business management or related activities in the development industry
Expertise managing similar projects in size and scope as well as significant transaction experience.
Significant experience in execution of residential and commercial development projects in the New York City market.
Successful record of accomplishment of managing multi-disciplinary project teams in the areas of architecture/design; construction/engineering; zoning/real estate law; sales/marketing; management/operations and finance/accounting and budget management.
Experience with successfully training and managing a team of development professionals.
Experience developing/redeveloping projects with joint venture partners.
Experience with project financing.
Strong ability to review and understand architectural drawings.
Experienced in MS Office (Excel, Work Outlook)

Nice To Haves

Advanced degree in Real Estate Finance or Business Management preferred.

Responsibilities

Responsible for overseeing development on Extell projects
Work closely with the Executive Vice President and senior management to ensure that project(s) are completed within established budget, scheduled milestones and quality standards
Commence projects by coordinating the project team, defining project scope and detailing project plan/budgets
Deliver project plans, including budget and schedule estimates, and obtain necessary approvals from senior management
Negotiate with and direct the work of architects, engineering consultants and construction contractors, other design and construction vendors, as well as the sales team
Interface with other project stakeholders, such as the applicable hotel brand
Take responsibility for all aspects of the project and take a hands-on approach to anticipating and solving problems or recurring issues in an ongoing effort to minimize crisis management
Oversee contract administration for all development initiatives
Acting as owner’s representative, maintain communication and interface with all relevant parties including public agencies, community groups, and senior management
Prepare government agencies program applications
Establish and refine processes and schedule all aspects of overall project operations and procedures
Assist in defining project objectives and priorities
Develop, standardize, and refine project contract documents, bid forms, closeout standards, and all other pertinent documentation
Coordinate monthly budget and variance analysis updates and review financial performance with Senior Management
Monitor all releases of funds to consultants, contractors and vendors
Provide continuous assessment of vendor and consultant performance and value
Obtain and/or verify proper entitlements and building construction permits
Establish and maintain reporting standards for project staff
Monitor contractor performance to ensure high quality work and materials as well as adherence to contract documents
Track all project costs, approve consultant and contractor requests for payment and mitigate liabilities such as construction liens and insurance claims
Perform all necessary project "closing-out" duties
Participate in the process of sourcing new development/acquisition opportunities
Provide strong leadership and management for the development teams
Coordinate and manage efficient project progress among the various Extell departments—Design, Construction, Marketing, Accounting, etc.
Perform any additional duties assigned by manager