Due Diligence Manager

Job Description

The Due Diligence Manager role at Lennar involves providing risk analysis and detailed land development budgets for the land acquisition team, as well as working with multiple other departments to aid in new land opportunities. The primary responsibilities include:

• Managing due diligence efforts for potential land acquisitions, including the preparation of feasibility studies, budgets, entitlement / development schedules, risk assessments, and title review.
• Exercising ownership of the development of initial community entitlement documents, construction schedules, budgets, cash flow projections, title reports, conditions of approvals, and objectives.
• Coordinating with outside consultants and contractors for assessing project construction costs, entitlement processes and requirements, creating detailed schedules, and assisting in evaluation of overall development feasibility during due diligence efforts.
• Preparing collateral material (aerial photos, maps, exhibits, cover etc.).
• Covering various areas in MD, WV, and VA, coordinating with various consultants including architects, engineers, landscape architects, soils and environmental engineers, traffic engineers, and public relations consultants to properly assess and characterize costs, risks, and development timing of communities in the due diligence period.
• Engaging with state and federal agencies, such as CDFW, USFWS, ACOE, and FEMA to properly characterize any and all obligations and impacts that the project may have under these various agencies.
• Managing processes and third-party reports required for deals in due diligence and ensuring that reports are completed and evaluated within the timeframe that meets third party seller’s contractual requirements.
• Evaluating contracts, proposals, and other documents required for vendors regarding the study and development of the property.
• Reviewing and evaluating development plans for all new communities.
• Researching and analyzing approvals/permits, zoning, engineering plans, improvement estimates, off-site, phase 1 environmental reports, improvements/contributions, soils/geology, wetlands, utilities, affordable housing component/contribution, surveys, and building costs.
• Maintaining file database, as well as other files and systems needed within the land department.

Qualifications

• A high school diploma or GED required.
• A bachelor’s degree or equivalent, preferably in engineering, construction management, economics, finance, or a related real estate field.
• Five (5) years of experience minimum in land development, project management, and/or land acquisition positions with residential or land development firms or consulting firms serving real estate industry clients.
• Advanced skills in Microsoft Office, especially in the use of Excel spreadsheets and formulas for financial modeling, Microsoft PowerPoint, various Adobe platforms, and/or Bluebeam.
• A valid driver’s license and good driving record.
• Ability to communicate effectively and concisely, both verbally and in writing.
• Ability to work well on a team.
• Strong researching skills and the ability to assemble information on a timely basis from a variety of sources.
• Ability to multitask, prioritize multiple projects, and adapt to changing priorities.
• Exercise initiative and achieve objectives with minimal supervision.
• Detail-oriented and a problem-solver able to deal with complex situations.

Physical & Office/Site Presence Requirements

Associate will be working on projects throughout WV, VA, and MD. Regular, in-person attendance at Company communities/job sites and offices during regular work hours is an essential function of this job. Requires the ability to work more than eight hours per day as needed. Finger dexterity may be required to operate a computer keyboard and calculator.

Compensation & Benefits

This position may be eligible for bonuses and commissions. This position will be eligible for the described benefits listed in the above section in accordance with Company Policy. Life at Lennar offers a comprehensive array of benefits designed to enhance the well-being and professional growth of Associates, including robust health insurance plans, a 401(k) Retirement Plan with a $1 for $1 Company Match up to 5%, Paid Parental Leave, an Associate Assistance Plan, an Education Assistance Program, and up to $30,000 in Adoption Assistance. Additionally, Associates can enjoy up to three weeks of vacation annually, along with generous Holiday, Sick Leave, and Personal Day policies. The New Hire Referral Bonus Program, significant Home Purchase Discounts, and unique opportunities such as the Everyone’s Included Day are also available. Lennar is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws.