Development Manager Jobs

Works under the direction of Vice President, Real Estate Development. Functions as owner’s representative on multiple development projects of varying scale, but generally large projects ranging from $10 million to $500 million+. The projects will primarily be new, ground-up developments in both the acute and ambulatory spaces, and the Development Manager’s role will include all site due diligence and project management activities on land developments, new construction, and redevelopment projects.

Essential Job Functions

• Assist the VP with the internal capital approval/management process. Prepare all funding requisition packages for approval. In conjunction with the Accounting and Capital Management departments, manage the project invoicing and payment submittals, meeting all internal submittal goals and external payment obligations.
• Assist with structuring joint-venture agreements with third-party developers and investors.
• Assist with managing the new site identification/selection process. Prepare reports communicating new site search efforts, outlining opportunities and risks associated with various occupancy options.
• In conjunction with our Construction & Design group, actively participate in the site and building design process.
• Analyze investment returns for proposed developments, including preparing and updating project proformas. Summarize such proformas into clear and concise senior management reports.
• Prepare and update project schedules and budgets and actively manage projects to meet or exceed the time, cost, and return objectives of the organization.
• Oversee other miscellaneous development activities such as lot splits and consolidations, easement agreements, marketing and brokerage relationships, utility coordination, etc.
• Effectively resolve all due diligence issues in a timely manner, limiting risk for the organization.
• Manage the marketing and leasing process off all non-core real estate assets for in-house development projects.
• Identify and outline of the appropriate zoning approval path, and coordinate the entitlement process, including preparation of various submittals and presentations for Zoning Boards, Planning Commissions, City Councils, and related government or regulatory agencies.
• Participate in the project incentives procurement process.
• Oversee the incentive reporting and submittal process.
• Assist with property transactions, including the negotiation of Purchase and Sale Agreements associated with the acquisition and disposition of real estate assets.
• Oversee all upfront property due diligence to ensure project feasibility, and promptly identify site specific development, entitlement, and permitting issues. Such tasks include managing all third-party service providers, and thoroughly reviewing all due diligence materials, including title reports, surveys, environmental site assessments, geotechnical reports, and other analyses.

This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job-related duties as required by their supervisor, subject to reasonable accommodation.

Education

Bachelor’s degree in Finance, Real Estate, Real Estate Development, or another related field (required)

Master's degree (preferred)

Work Experience

1-4 years of experience in commercial real estate development (required)

Other Knowledge, Skills and Abilities Required

Must possess very strong financial modeling skill. Must be highly proficient in Microsoft Excel and be highly knowledgeable of common commercial real estate practices, terminology, market forces, trends, and techniques.

Language

None

Patient Population

Not applicable to this position

Working Conditions

Periods of high stress and fluctuating workloads may occur.

Long-distance or air travel as needed- not to exceed 10% travel.

General office environment.

Required to car travel to off-site locations, occasionally in adverse weather conditions.