Development Manager

About the role

Provides leadership and support on project development and production. Has business development duties that include a range of networking and outreach activities decided on together with the Vice President. Communicates effectively with contractors, consultants, and building officials. Excels in communication and presentation skills. Knowledgeable in current and possible future development trends, policies, practices, innovations, and information. High-level industry awareness of current development trends, financing, deal structure, construction administration and asset management.

Responsibilities

• Defines the project scope and sets up a schedule and budget.
• Responsible for keeping Project Team on schedule and budget.
• Negotiates land purchases with Sellers.
• Aligns project team (Architect, Engineers, Contractors, Management Agent, Product & Specialty Consultants such as Telecom, Security/CCTV, Access Control, Furniture, Fitness Equipment, etc.).
• Coordinates with project consultants during the due diligence process including architects, engineers, appraisers, market analysts, surveyors, title companies, and other consultants as necessary.
• Prepares and reviews plans and specifications. Provides the final drawing review before initial team redlining process.
• Reviews and complies with all financing documents for capital sources and funding installments.
• Owner Representative; initiates project meeting schedule, coordinates and attends design and entitlement meetings, and is the main contact responsible for responding to project emails and phone calls.
• Personal and Project Team’s time management; understand development costs, keep track of schedule and budget.
• Keeps Executive Team up to date with project status during Weekly Team Meetings.
• Leads Project Team; delegate tasks, dictate deliverables, manage project schedule, assign due dates, review deliverables before final closing.
• Reviews submittals, RFIs, and participates in value engineering and pricing exercises.
• Provides advice and recommendations as to the selection procedures for the Housing Tax Credit application(s) for scoring purposes. Lead the structuring, assembly, and review of funding applications.
• Makes recommendations for approval of changes in the construction of the Development, advises Madhouse relative to construction draws.
• Prepares RFQ/RFP responses. Shows the ability to convey the firm’s ideas to potential clients.
• Works with the management team selected by Madhouse to ensure timely lease-up, loan conversion, and stabilization of the Development.
• Sets the overall project schedule based on permitting, entitlements, financing, construction, and lease-up timelines, and obtains Vice President approval before distributing the schedule to the Project Team.
• Sets and continuously manages the overall project budget based on past projects and underwriting expectations, and monitors the draw process to ensure adequate funding for each line item throughout the project.
• Leads weekly Project Team meetings to review updates, due diligence items, and closing progress, and attends weekly meetings with the Vice President to review project financing and look-ahead items.

Qualifications

• Bachelor's Degree in Business Administration, Accounting, Finance, Economics, Real Estate Development, or related field
• 3-5 years of real estate development experience with a proven record managing varied project tasks
• Experience related to LIHTC/affordable housing is a plus
• Excellent working knowledge of software programs Microsoft Excel, Word, and Teams; Microsoft Access, Project and Advanced Excel skills is a plus

What Madhouse Offers

• 100% Employer Sponsored Health, Dental, Vision and Disability insurance
• Retailment Plan with 3% Company Match
• Flexible Paid Time-Off including (8) paid holidays, sick days, and volunteer time off
• Year-End Bonuses
• Monthly cell phone reimbursement
• Casual dress code most days
• Employer sponsored opportunities for learning and growth, professional memberships, professional certifications, and CEU’s
• Career Advancement & Growth
• Bring your pet to work
• Company Events & Social Activities
• Giving Back to the Community