Vice President, Development

Extell Development Company•Park City, UT

22h•Onsite

About The Position

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.

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

Oversees all aspects of the development process.
Ensures that project milestones, budgets and quality standards are met.
Oversees the review and coordination of design documents.
Reviews and evaluates proformas, financial analysis, and project cost projections.
Prepares monthly reports for investors and management.
Reviews and ensures continued compliance of major project agreements.
Interacts directly with senior management in anticipating and solving problems to minimize crisis management on all development matters.
Responsible for overseeing development on Extell projects.
Works closely with the Executive Vice President, Senior Vice President and senior management to ensure that project(s) are completed within established budget, scheduled milestones and quality standards.
Commences projects by coordinating the project team, defining project scope and detailing project plan/budgets.
Delivers project plans, including budget and schedule estimates, and obtains necessary approvals from senior management.
Negotiates with and directs the work of architects, engineering consultants and construction contractors, other design and construction vendors, as well as the sales team.
Interfaces with other project stakeholders, such as the applicable hotel brand.
Takes responsibility for all aspects of the project and takes a hands-on approach to anticipating and solving problems or recurring issues in an ongoing effort to minimize crisis management.
Oversees contract administration for all development initiatives.
Acting as owner’s representative, maintains communication and interfaces with all relevant parties including public agencies, community groups, and senior management.
Prepares government agencies program applications.
Establishes and refines processes and schedules all aspects of overall project operations and procedures.
Assists in defining project objectives and priorities.
Develops, standardizes, and refines project contract documents, bid forms, closeout standards, and all other pertinent documentation.
Coordinates monthly budget and variance analysis updates and reviews financial performance with Senior Management.
Monitors all releases of funds to consultants, contractors and vendors.
Provides continuous assessment of vendor and consultant performance and value.
Obtains and/or verifies proper entitlements and building construction permits.
Establishes and maintains reporting standards for project staff.
Monitors contractor performance to ensure high quality work and materials as well as adherence to contract documents.
Tracks all project costs, approves consultant and contractor requests for payment and mitigates liabilities such as construction liens and insurance claims.
Performs all necessary project "closing-out" duties.
Participates in the process of sourcing new development/acquisition opportunities.
Provides strong leadership and management for the development teams.
Coordinates and manages efficient project progress among the various Extell departments—Design, Construction, Marketing, Accounting, etc.
Performs any additional duties assigned by manager.