Associate Developer

About the role

The Associate Developer is responsible for supporting an in-house team of Developers, Senior Developers and Regional Vice Presidents in all aspects of multi-family real estate development projects, primarily affordable with occasional market rate projects, from inception through construction completion and lease-up.

Responsibilities

• Financial modeling to determine the economic feasibility of a project
• Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQs
• Participation in building strong public-private partnerships
• Working with municipalities to ensure good communication
• Preparation of professional PowerPoint presentations for both large and small groups of financiers, municipalities, and community constituents
• Timely follow-up of land-development approval process
• Coordination of legal matters as directed by the Team Leader
• Creation of realistic project schedules
• Development of realistic project budgets
• Interfacing with contractors and other professionals to build proposed developments
• In-depth involvement in coordinating the lease-up of completed developments with full flow of information concerning limiting criteria
• Maintaining calendars
• Scheduling and coordinating the logistics for all development meetings
• Complying with all provisions of the Pennrose Properties’ Operations and Human Resource Policies
• Work product including components of RFPs submissions, 8609 submissions, NPDS, funding applications, draw down packages and other project related documents is prepared with high level of accuracy, attention to detail and delivered on a timely basis
• Project development goals are met within established timeframes
• Organized and systematic management of project development; Checklists scheduled (employing technology tools) to close within established time and within the budget
• Able to manage and accomplish tasks within set delivery parameters
• Strict attention to detail. Must be able to thrive in the minutia

Requirements

• Required Education and Experience: BA or BS in Finance, Real Estate, Business or related field is required. Master’s Degree preferred or 3 years of equivalent experience performing at the Associate Developer level
• Strong analytical ability
• Exceptional verbal and written communication skills
• Considerable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful
• Discretion in handling confidential information
• Demonstrated organizational skills, including the ability to set priorities in concert with the development team
• Ability to work independently
• Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership
• Demonstrated understanding of project proformas for both market-rate and public housing developments
• Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources
• Proficiency in Outlook, Microsoft Office including Word and Excel. Microsoft Project experience is a plus
• Demonstrated punctuality and respect for other’s time
• Accuracy - with an attention to detail - and speed in task execution
• Strong work ethic and exceptionally high work standards
• Maturity, good judgment and professionalism
• Meeting Management understanding, including application of all outlook calendar programs; setting and preparing meeting Agendas to achieve the desired outcome
• Experience with, or understanding of, Application Scoring. Understanding of QAP and scoring sites is desirable

Benefits

Pay range $75,000 - $90,000/year + bonus depending on experience.