Senior Director, Development
Boston, MA
Full Time
Development & Construction
Experienced
POSITION SPECIFICATION
MANAGING/SENIOR DIRECTOR, DEVELOPMENT
MANAGING/SENIOR DIRECTOR, DEVELOPMENT
Shine Associates, LLC (‘Shine’) has been retained to search, identify and recruit a Managing/Senior Director of Development on behalf of our client. The position will be located in the Boston office.
CONFIDENTIALITY
Shine Associates, LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning our client provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidate’s personal review of the career opportunity.
MANAGING/SENIOR DIRECTOR, DEVELOPMENT ROLE
The Managing/Senior Director of Development located in Boston, MA, leads the execution of the Company’s development and new construction strategy by identifying, securing and structuring acquisition opportunities and development projects throughout Boston, and by managing all facets and activities related to new development projects to achieve the established financial and growth targets for the Region.
KEY RESPONSIBILITIES
- Develop and perform the financial analyses and entitlement risk underwriting, which forms the basis for site selection and the Company’s spending of pursuit capital and allocation of investment capital, and manage the site identification, selection, and acquisition process.
- Manage the entitlement process by maintaining accurate pursuit cost forecasting and reporting, and implement and execute programs and processes to ensure pro-forma development budgets, underwriting, schedules, quality, and standards are met and completed in accordance with adopted Company policies.
- Supervise development production team members and managers by interviewing, hiring, orienting, training and mentoring employees, and managing their performance in accordance with Company policies, values, and business practices.
- Fully engage and work with the Region’s business lead and discipline team leaders in achieving the Region’s financial and growth goals by participating in team meetings and calls, keeping team members informed about status of new development work, and actively working with the team on new business development, meetings with clients and investors, and other RFPs.
- Participate in routine Investment Committee meetings that focus on proposed development projects by making presentations on proposed development projects, working with and assisting the managing Director of Finance in project financing, and reviewing and providing progress updates on projects under pursuit, under construction and under lease-up.
- Discuss strategy and provide input to the strategic decisions and direction of the Company’s Development & Construction business, and act as a conduit to Executive Director and Executive Officers for team member, client, and key stakeholder questions, concerns, and issues related to business, education, or human resources operations.
- Be accountable for coordinating work activities, ensuring open communication between consultants and Company project team members, lender’s and equity investors as needed by researching and communicating ongoing project status.
- Complete various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
Organizational Responsibilities
- Communicates, enforces, and follows the Company’s established policies and procedures by monitoring and auditing compliance, reviewing reports and data related to operational processes, correcting violations or infractions, and implementing measures and tools that prevent deficiencies.
- Practices proper safety techniques in accordance with Company, property, and departmental policies, procedures, and standards by immediately reporting and mechanical or electrical equipment malfunctions, employee/visitor/resident injuries or accidents, or other safety issues to appropriate individuals.
- Stimulates and supports the team in developing and implementing ideas that improve process, productivity, and effectiveness, and champions business improvement efforts throughout the Region(s).
- Keeps abreast of changes and emerging developments in technology, construction and development management, industry standards, and business best practices by attending internal and external training, business meetings, conferences, and other events, gathering research and subscribing to electronic and print publications, networking with professional associations, and using other methods to obtain business and professional information.
KNOWLEDGE, SKILLS AND ABILITIES
- Ability and preference for working in a team-oriented setting, and interacting with several departments (Development, Construction, Asset Management, Property Management, and Finance) that provide functional expertise and insights toward proper product positioning.
- Deep and broad experience in multi-family development and new construction, including market and sub-market familiarity with the demand drivers supporting the growth of this business, plus prior entitlement experience and a solid understanding of construction means and methods in order to lead initial and on-going project planning meetings.
- Strong research skills and be able to identify and compile information to support the investment thesis and clearly articulate those findings to the Company’s Investment Committee and prospective capital partners.
- Extensive experience in negotiating Purchase and Sale Agreements (Land and Improved), Development Agreements, Architectural and Engineering Consulting Agreements, Joint Venture Equity Term Sheets and Documentation, Easement Agreements and other related documents affecting title and survey.
- Demonstrated ability to read, write, and communicate effectively to comprehend and/or complete legal contracts, partnership documents, loan documents, financial spreadsheets, and human resources documents and to create and make presentations to Board members, Executive members, and staff. Demonstrated ability to read and comprehend architectural, structural engineering and civil engineering plans.
- Demonstrated proficiency in Microsoft Word, Excel spreadsheet, and Timberline programs in order to complete required reports and employment documents.
- Demonstrated mathematical skills necessary to calculate yields and internal rates of return in order to develop project pro-formas, Regional financial forecasts, budgets, and other fiscal reporting information.
- Demonstrated management and supervisory skills sufficient to lead, direct, evaluate, and mentor subordinate and peer employee staff.
- Ability to develop, execute and manage the P/L for the Region.
- Employment history that demonstrates the application and usage of a development and construction and/or facilities background sufficient to design, lead, and direct development and construction activities and projects from design to completion.
- Regular and routine travel will be required to conduct site inspections and construction site visits, attend business meetings and events, and for other situations necessary for the accomplishment of some or all of the daily responsibilities of this position.
CONTACT INFORMATION
Shine Associates, LLC
45 School Street, Suite 301
Boston, MA 02108
Shine Associates, LLC
45 School Street, Suite 301
Boston, MA 02108
Timothy M. Shine, Principal Hillary Shine, Principal
(203) 676-1115 (203) 613-3562
[email protected] [email protected]
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