Director of Development
Path Construction · Chicago, IL · 2 mo ago
On-siteManagement$130k–$210k/yrFull-time
Duties
- Lead and refine the company's development strategy, aligning initiatives with overall business growth objectives
- Identify, source, and pursue new development opportunities across target markets
- Oversee the evaluation and underwriting of development opportunities, including financial modeling and risk analysis
- Direct the preparation and review of pro-formas, ensuring financial feasibility and alignment with return targets
- Partner closely with executive leadership and finance to structure and secure project financing
- Oversee the pre-entitlement and entitlement process, ensuring timelines and budgets are met
- Provide strategic oversight of development budgets, schedules, and execution performance
- Lead or support negotiations of contracts, term sheets, loan documents, and joint venture agreements
- Manage and mentor development team members while coordinating cross-functionally with construction, finance, and operations teams
- Oversee third-party consultants across all phases including site selection, entitlement, design, financing, leasing, and disposition
- Develop and execute capital sourcing strategies, maintaining relationships with equity partners, lenders, and institutional investors
- Build and maintain strong relationships with brokers, landowners, municipalities, and other key stakeholders to drive pipeline growth
Requirements
- 8+ years of real estate development experience (with progression into leadership responsibilities preferred)
- Strong experience across asset classes such as multifamily, healthcare, education, or industrial development
- Demonstrated experience leading projects from concept through completion
- Advanced proficiency in real estate underwriting, financial modeling, and development finance
- Proven ability to manage complex deals, stakeholders, and timelines
- Strong leadership, communication, and relationship-building skills
- Highly analytical with strong decision-making capabilities
Benefits
Annual Salary Range: $130,000 - $210,000
Bonus Plan
401(k)
PTO
Certification Training
Health, Dental, Vision, Life, Long-Term and Short-Term Disability Insurance
Company cellphone and computer
Financial and Mental Health Support through a third party
Travel and Entertainment Discount Program