Director of Development

Job Locations US-NC-Charlotte | US-CA-San Diego
ID
2022-4050
Category
Development
Location
MSL Charlotte North Carolina
Schedule
Full-Time
Type
Regular

Overview

Our business is real estate, but our organization is so much more than bricks and mortar, beautiful buildings and well-managed properties. Our business is about people who need a place to call home and the people of Michaels who make it all happen.

 

The Director Development is responsible for assisting the Managing VP of Development and Team, in the project management of a series of multi-family projects through the development lifecycle; which includes but not limited to relationship management, lead generation, land control, legal entitlement, project design, internal reporting, cost accounting and budgeting, financing, construction, marketing/leasing, project opening and ongoing operations.

 

These positions will sit in Charlotte, North Carolina and San Diego, California.

Responsibilities

Pre-Development:

  • Assist on new project Due Diligence - including review of Appraisal, Phase I Environmental, Property Condition Assessment, Title & Survey, & Escrow-related Documents, & Market Research
  • Assist in project financial modeling
  • Weekly project reporting, including attendance to weekly developer and project design calls, as well as preparation or delegation of meeting minutes and agenda
  • Assist in Design Coordination with Architect, Engineer, Pre-Con Contractor, & other consultants
  • Liaise with VP of Leasing in the Project “creative process” including project branding, logo development, & website “splash pages”
  • Work with Operations & Facilities to obtain operational of budgets, operational assumptions, rents, & Project Amenity/office/management area designs
  • Management of FF&E selection, FF&E Contract Management, & relationship management
  • Management of Project Folders for internal & external stakeholders
  • Management of pre-development cost accounting & budgeting, including accounts payable/receivable data entry & reporting
  • Assist with Project Schedule & production of predevelopment budget tracking reports
  • Assist Accounting Team with invoice submission/pre-development payment
  • Assist in Debt & Equity closing coordination

 

Construction & Delivery:

  • Management of Change Management Log – input monthly draw expenses, track & manage estimated future costs & savings
  • Assist & Review Monthly Draw Submittals with Development & Construction Team
  • Create and issue development reports to financial institutions, equity partners and company executives
  • Management of FF&E Vendors & Delivery Schedule, & Punch Lists
  • Assist Construction Representative with Change Order Review & Distribution
  • Coordinate Move-In Strategy/execution with Construction and Operations team.
  • Facilitation of payables & FF&E vendors after project delivery by working with the management company to effectively transfer accounts into operations.
  • Proficient at reviewing and marking up plan sets (Schematic Design, Design Development and Construction Documents) in BlueBeam

 

Additional Duties:

  • Industry & Regional market education & networking
  • General and other various project management tasks advance Project delivery, including garnering community and political support and stewardship of Projects
  • Weekly project reporting, including attendance to weekly developer and project calls, as well as preparation or delegation of meeting minutes and agenda
  • Vendor and Contract management
  • Management of predevelopment cost accounting and budgeting
  • Assist in Bank & Equity closing coordination
  • Assist with Project schedule & production of predevelopment budget tracking reports
  • Facilitates financial decisions by working with Developers to ensure delivery of projects in a timely manner via the construction draw or check request process
  • Oversight of accounts payable/receivable data entry and reporting. Controls accuracy via internal audits and ensures productivity of accounts payable, cash disbursements, invoicing/billing and operations for projects in development
  • Facilitation of payables after project delivery by working with the management company to effectively transfer accounts into operations
  • Initiate and issue development reports to financial institutions, equity partners and company executives
  • Analyze financial data and present business unit monthly/yearly reports and analysis for Michaels Student Living, a division of The Michaels Organization in an accurate and timely manner
  • Works closely to assist the Accounting Manager and the Development Team with daily operations, real estate closings and contract/document management.
  • Commencing with respective Project lease-up, manage marketing & leasing analysis and tracking
  • Liaise with VP of Leasing in the Project “creative process” including but not limited to project branding, logo development, and website “splash pages”
  • Working with Operations and Facilities to secure operational “buy-in” of budgets, operational assumptions, rents, and Project amenity/office/management areas designs
  • Perform Market Survey/Study/Analysis
  • Participation in weekly New Business/lead generation call to assist VP with reporting
  • Industry & Regional market education and networking
  • Assist VP with and community engagement process
  • General and other various project management tasks advance Project delivery, including garnering community and political support and stewardship of Projects

Qualifications

Required Experience: 

 

  • 5 to 7 years' of experience in multi-family real estate development
  • Project management, strong real estate fundamentals, fundamental understanding of real estate and business contracts, accounting, finance, budget management and reporting, working in team environment. Candidate should have strong interpersonal and communication skills; experience in effectively communicating key data and information to development team members and executives. Keen analytic, organization and problem-solving skills.

 

Required Education/Training: 

 

  • Minimum of a BA or BS; and/or experience in a relative field.


Required Skills and Abilities: 

 

  • Self-starter with the ability to work independently while leveraging an established development platform
  • Detail oriented and drive to always be on top of their areas of responsibility
  • Excellent interpersonal skills and ability to manage up and down
  • Excellent verbal and written communication skills
  • Collaborative, respectful, and transparent approach with all stakeholders
  • Superior desire to meet commitments/deadlines
  • Ability to manage several projects simultaneously through high energy, flexibility and excellent organizational skills

 

Working Conditions: 

 

  • Primarily an office environment.
  • Candidate must have the ability and acumen to travel as needed – anticipated to be 50% or less (e.g., meetings with the development team members at their offices, constriction site visits, market tours, existing asset visits, business development meetings, etc.).
  • Occasional conference attendance and home office visits (approximately 2 per year) are encouraged, but to be approved by VP.

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