Developer

Overview

The position assumes total responsibility for the successful development of the full spectrum of real estate development projects. The role is simultaneously responsible for multiple projects in varying stages of development ‐ overseeing and orchestrating multiple developments and developers. This position requires leadership and most importantly the ability to weigh the numerous choices that arise during the development process and then to make responsible decisions according to that which best represents the long‐term interests of the company and the community. This position demands strong financial skills, creative thinking, leadership, and effective communication.

Responsibilities

• Identification and evaluation of real‐estate development opportunities
• Determination of the financial feasibility for a viable project based upon significant previousexperience
• Determination of the suitability of a site
• Direct report to Pennrose Regional Vice President for predevelopment expenditures expectations,development cash‐flow, and development capital requirements
• Final – prior to submission ‐ review of multiple, professional RFPs and RFQs
• Establishing strong public private partnerships
• Presentations to municipalities to create opportunities
• Delivery of professional PowerPoint presentations before both large and small groups offinanciers, municipalities, and community constituents for the purpose of marketing Pennrose togroups potentially skeptical and occasionally adverse
• Ability to analyze quickly and thoroughly project budgets
• Total command of land‐development approval process
• Assembly and leadership of superior development team
• Total comfort with all legal aspects of development and financing
• Direction of architects and engineers in designing proposed developments
• Determination of realistic project schedules
• Complete responsibility for all financial aspects of each development
• Negotiate with contractors and other professionals to build proposed developments
• Efficient project management through superior team management
• Delivery of on‐time, on‐budget real estate development projects
• Oversight of lease‐up of completed development with full flow of information concerning limitingcriteriaAdditional responsibilities:
• Systematic approach to monitoring in‐house development team
• Balancing the opinions of internal staff with external participants in a timely and diplomatic manner
• Responsibility for directing the workload and priorities of all development team members

Qualifications

Performance Metrics 

• Key development milestones are met within established time frames (lease up, closing constructioncompletion) 
•  Development pipeline milestones are achieved within projected time frames (project time in pipeline)
•  Individual annual target of closings as projected by strategic plan are met within projected quarter.
•  Leadership and management – leadership position(s) held within industry organizations
•  Track record in training and retain development team members
• Development Pipeline milestones are achieved within projected timeframes (project time in pipeline)

Required Education and Experience: 

•  Bachelor’s degree, graduate degree in related field is a plus
• Concrete entrepreneurial make‐up
• Solid analytical skills, based upon dozens of previous similar circumstances
• Superior ability to sell an idea through exceptional verbal and writtencommunication skills
• Confidence in delivering on‐message PowerPoint presentations before possiblycontentious groups
• Outstanding interpersonal skills including the ability to establish and maintaineffective working relationships with others; being both responsive and thoughtful
• Discretion in handling confidential information
• Absolute ability to work under pressure exercising sound judgment
• Unyielding work ethic and exceptionally high work standards
• Maturity, superlative judgment and professionalism
• At least four years’ experience as a Developer or equivalent position
• Requires a valid driver’s license, an insured vehicle, and the ability to travel(between properties, on‐call emergencies, training, etc.)Working Conditions:
• Ability to work periodic flexible hours is required. Ability to travel by plane and automobile isrequired.
• Reports to NYC office, located in DUMBO, Brooklyn.