Summary: Koelbel and Company is in active development of several innovative office deals and is looking for a Development Manager to oversee the details and day to day management of the various projects to ensure on time and on budget delivery of unique real estate assets.
Essential Duties and Responsibilities:
Supervise the selection and management of development teams, including design professionals, engineers, attorneys, and consultants and negotiate contracts, leases, and other critical legal documents with those vendors to best mitigate project risk.
Lead the external teams for each development project including architect, owner’s representative, contractor, and various other consultants. Implement and maintain an overall project tracking and delegation platform through the entire development process from pre-development through commissioning.
Coordination with construction manager to ensure successful completion and stabilization of projects on time and within budget.
Manage internal team members and provide necessary information and direction to ensure the team is meeting business plan objectives.
Spearhead the entitlement and local governmental approvals process, working with the team obtain all necessary entitlements.
Create and maintain overall development schedules throughout pre-development, construction, project opening, and stabilization and ensure project team members meet schedule requirements.
Work to keep scope and cost in balance while meeting schedule and quality objectives. Oversee cost management/reporting. Prepare reports to internal management and external clients as needed.
Participate in the identification and negotiation of debt financing including public and/or TIF financing, public grants, public incentives, and tax credits.
Provide leadership, mentoring, professional guidance, direction, and supervision to other internal team members.
Collaborate with marketing, leasing and operations throughout project lifecycle to assure that program and design standard expectations for common areas, building specifications, and finishes are executed in accordance with the business plan.
Attend weekly OAC meetings and regularly visit development sites to monitor and track project progress. Some travel may be required and some meetings may need to be attended virtually.
Supervisory Responsibilities:
Direct various internal team members in coordination with company leadership to ensure timely completion of necessary tasks outside of Development Manager’s scope.
As may been needed to accommodate growth in the future, and in coordination with company leadership, recruit, hire, train, and manage any direct reports – evaluating their performance and making compensation/development recommendations accordingly.
Competencies:
Critical Thinking – Skillfully conceptualizes, evaluates, and analyzes information as a guide to identify appropriate solutions to problems identified throughout the development process. Actively identifies potential areas of risk and works to mitigate. Works well in group problem solving situations.
Financial Acumen – Strong understanding of real estate financing concepts. Ability to implement the business model as identified in the proforma into action through vendor selection and risk mitigation measures. Proficient in financial modeling using Excel.
Self-motivated – Proven track record of increased responsibility and performance across a broad array of areas (e.g. public finance and incentives, permitting, design, construction, finance, and leasing) leading to incremental asset value and realized or quantified profitability. Successfully motivates and manages team members (internal and external) as required.
Real Estate Acumen – Understands real estate product types and lease structures; advanced understanding of real estate terms and development processes.
Architect & Construction Expertise – Knowledgeable of construction and maintenance concepts, practices, and procedures. Experience with leading architects and engineers in obtaining project entitlements through governmental agencies. Experience managing construction teams and associated consultants (materials testing, moisture penetration consultants, etc.).
Diligent and Detail Oriented – Focuses on details; capable of assimilating many details and data points to formulate and update the business plan; understands which details are important. Ability to handle multiple projects through the consistent completion of tasks with established deadlines and attention to detail.
Exceptional Communication – Presentation and listening abilities and a demonstrated ability to navigate investment/development opportunities through a multitude of public and private steps for successful completion of economic goals and objectives.
Exceptional interpersonal, relationship-building skills; social intelligence, and political acumen.
Highly motivated, proactive self-starter with the ability to work both independently as well as collaboratively in a fast-paced, entrepreneurial environment.
Ethics – treats people with respect; keeps commitments; inspires the trust of others; works with honesty, integrity and ethically; upholds organizational values.
Organizational Support – Follows policies and procedures; completes administrative tasks correctly and on time; supports organization’s goals and values.
Judgement – Exhibits sound and accurate judgement; includes appropriate people in decisions making process; makes timely decisions.
Planning/Organizing – Prioritizes and plans work activities; uses time efficiently.
Professionalism – Treats other with respect and consideration regardless of their status or position; accepts responsibility for own actions; follows through on commitments.
Quality – Demonstrates accuracy and thoroughness. Applies feedback to improve performance; monitors own work to ensure quality. Commits to doing the best job possible and delivering the highest quality building.
Adaptability – Adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation or project; able to deal with frequent change or unexpected events.
Attendance/Punctuality – Is consistently at work on time; arrives at meetings and appointments on time.
Dependability – Follows instructions, responds to management direction; takes responsibility for own actions; keeps commitments; completes tasks on time or notifies appropriate person with alternate plan.
Teamwork: Balances team and individual responsibilities; Contributes to building a positive team spirit; Exhibits objectivity and openness to others’ views; Gives and welcomes feedback; Puts success of team above own interests.
Outcomes:
Koelbel and Company has identified several project specific goals that will be delivered as part of the interview process.
Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the tasks. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Experience:
Ten years of professional working experience in real estate field is preferred. Candidate must demonstrate significant real estate development experience in all areas of development.
Language Skills:
Ability to read and interpret market data including quarterly reports and trade publications. Ability to write reports and correspondence. Ability to speak effectively with potential investors, bankers, and tenants.
Mathematical Skills:
Ability to work with mathematical concepts. Ability to apply concepts such as fractions, percentages, rations, proportions, interest, compounding interest, discounted cash flow, internal rates of return, and other financial concepts to practical situations.
Reasoning Ability:
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardizations exist. Ability to interpret a variety of instructions in written, oral, diagram, or schedule form.
Computer Skills:
To perform the job successfully, an individual should have knowledge of Microsoft Excel, PowerPoint, and Word.
Certificates, Licenses, Registrations:
None.
Physical Demands:
The physical demand described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment:
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Professional attire is expected.
SALARY RANGE: $150,000 – $175,000 Depending on experience.
BONUS: Up to 10% of Base Salary based on achieving Outcomes.
COMPUTER: A company computer and email account will be provided for business use during internship.
WORK LOCATION: 5291 East Yale Avenue and jobsites. Some travel may be required to out-of-state projects.
BENEFITS Healthcare, vision, dental and 401k matching. Benefit specifics will be supplied along with offer letter.
VACATION: 2 weeks per year increasing in accordance with Employee Handbook.
HOLIDAYS: Position will receive company holidays as per the company handbook.
