Renovation Project Manager

Firm Summary:

Founded in 1981, IEC is a real estate private equity firm specializing in value-add, multifamily properties. The firm invests in the best West Coast markets in California and Washington State. IEC focuses on adding value through opportunistic investing, strategic repositioning, and property management. Our renovation programs transform assets into modern, amenitized communities that our residents are proud to call home. IEC is currently investing a $445m discretionary fund with just under $2 billion in purchasing power which includes endowments, pension funds, foundations, and family offices. Since inception, the firm has acquired and sold over 100 projects in its core locations.

Position Summary:

IEC is looking for an energetic, skilled, and experienced project manager to join our team and execute exciting, transformative renovation projects at various apartment communities throughout California and Washington State.

Renovation Project Managers are responsible for working with Asset Management to develop renovation scopes, obtain multiple vendor bids for each project, coordinate timely, orderly execution, and verify work quality and completion. The role has elements of analytical project tracking and construction. This role tracks exterior upgrades and interior unit renovations.

Duties and Responsibilities:

• Ability to analytically track many concurrent projects vs budget
• Field work 50% of time with balance of work in corporate office
• Work with Asset Management to develop clear project scopes and renovation specifications. This includes working with interior and exterior designers to develop design concepts
• Confirm work is being completed consistent with company quality standards, budgets, and timelines
• Obtain and filter vendor bids, recommend and qualify contractors (references, licenses, insurance, etc.), negotiate terms (payment/schedule), and prepare contracts
• Research and identify new contractors and vendors to maintain competitive pricing
• Inspect projects for progress, timing of completion, costs to complete, and quality control. Meet with contractors to discuss scope discrepancies, change order requests, trouble spots, etc.
• Initiate coordination/kick-off meeting with Asset Management and Property Management. Establish staging details, sequence, schedule, scope, resident correspondence, etc.
• Manage enforcing agencies. Meet with city inspectors/representatives as necessary to coordinate project efforts
• Maintain organized records of project bid costs using corporate tracking tools. Notify Asset Management of upcoming capital needs and timing
• Provide regular updates to community associates and Asset Management
• Evaluate unit condition, document non-spec items to be replaced, walk unit renovations and complete punch-walks with contractors
• Assist in developing scope of capital projects and budgets for new acquisitions at the direction of Acquisition and asset management team. The budget will include immediate repair/deferred maintenance items, value-add renovations, and reserve items/on-going repairs over the investment hold period
• Scheduling and supervision to minimize unit interior down-time during renovation
• Other duties as assigned

Qualifications:

• Bachelor’s degree preferred but not required
• Strong Microsoft Office skills
• 10 years of project management experience (renovation/real estate projects preferred)
• Prior experience completing tenant improvements and/or capital improvement projects (preferred)
• Excellent problem solving, multi-tasking, and organizational skills
• A passion for driving successful projects and creating impactful change
• A self-starter with pro-active initiative
• Must work well with others
• Strong communication ability, both verbally and in writing. Ability to write reports, business correspondence, and procedures. Ability to effectively present information and respond to questions from supervisors, peers, vendors, and government agencies.
• Open to travel locally and regionally
• Valid driver’s license

IEC offers a competitive compensation package, including:

• Company paid healthcare premiums at 100%, specifically for the employee, with options to buy up
• 401(k) Plan, with 4% company match
• Flexible Spending/Health Savings Accounts
• Company paid Life Insurance and Long-Term Disability Insurance, specifically for the employee, with options to buy up
• Paid Time Off – 5.23 hours accrued per pay period, from date of hire
• Company Paid Holidays
• Employee Assistance Plan
• Employee Discounts
• Commuter Benefit