Managing Director of Real Estate Development
Position Summary
The Managing Director of Real Estate Development (MD-RED) is a position of critical importance to Full Circle’s growth and stability. This position is responsible for driving the activities of the Real Estate Development (RED) team, emphasizing operations, policies, and procedures. The MD-RED works with other senior leadership to improve expertise and teamwork between departments in support of Full Circle’s mission: to increase access to affordable housing through preservation and development, thoughtful design, and the provision of significant and targeted services to our residents.
Reports to
Full Circle Communities President and CEO
Direct Reports
- Senior Vice President of Real Estate
- At least two Senior Project Managers
Travel
Requires occasional travel throughout Chicagoland area, to Detroit, and Kalamazoo for key stakeholder meetings, public meetings, and construction oversight.
Benefits
- Hybrid work environment with up to three remote days per week
- 11 days of paid vacation, plus 12 company holidays and 3 floating holidays
- Employer-supported medical, dental, and vision benefits
- Paid parental leave
- SIMPLE IRA with up to a 3% employer match
- Employee Assistance Program
- Up to $5,250 annually for professional development and education assistance
Compensation
$185,000- $200,000. In line with our commitments to internal equity, we will not hire someone at this job level below or above the stated range.
Required Skills and Abilities
- Bachelor’s degree or appropriate professional experience may be substituted for a degree
- 12+ years of direct experience in affordable housing development with extensive technical knowledge and demonstrated ability to structure complex private and public debt, equity, and grant funding for affordable housing development projects
- Substantial experience with architectural and engineering design and construction materials and methods, including the ability to read technical drawings
- Completed multiple affordable housing development projects in a leadership role such as Project Manager, Senior Project Manager, or Vice President
- Capacity to exercise considerable initiative, independent judgment, assess risk, and communicate around typical acquisition, financing, construction, legal, and design issues
- Effective communicator verbally and in writing, with well-developed analytical, negotiation and public speaking skills
- Prior supervisory experience in the affordable housing field with demonstrated ability to supervise staff, mentor, train and provide feedback
- Works productively under pressure and demonstrates ownership of work and outcomes