Assistant Development Project Manager - A&R Development

November 12, 2017

A&R Development

Baltimore, Maryland 21201
http://www.AR-Development.com

SUMMARY:

The Assistant Development Project Manager (ADPM) will assist the A&R Development leadership team in the oversight of real estate projects from conception through design, construction, lease up, and stabilized operations. The ADPM will be involved with all elements of real estate ownership including development and asset management. The position works closely with both of the Company’s principals, and requires the ability to work both independently and in a small team environment.

KEY COMPETENCIES AND REQUIRED SKILLS:

  • Highly developed ability to multitask, prioritize, and work well under pressure to meet established deadlines.
  • Ability to be flexible and adapt to rapidly-changing priorities and outcomes.
  • Ability to demonstrate analytical proficiency; must be able to distill complex information into language that is clear and understandable to all stakeholders.
  • Highly developed ability to organize self and others, build strong relationships, and work as part of a small team.
  • Aptitude for creating and building development pro formas, and coordinating financing packages and applications.
  • Ability to build productive working relationships with all stakeholders including consultants, vendors, financial institutions, and regulators.
  • Dedicated, enthusiastic approach to professional responsibilities.
  • Ability to professionally and consistently drive processes across departments and with external partners to achieve desired outcomes.
  • Attention to detail.
  • Intellectual curiosity and a passion for the real estate industry.

 

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

Development

  • Assist with establishing, updating, and maintaining overall project budgets and/or individual budgets for components within the project(s).
  • Establish, update and maintain overall project schedules and consistently communicate project updates in a timely manner to all appropriate parties.
  • Coordinate with design and construction professionals; facilitate regularly scheduled meetings between appropriate parties to present project status.
  • Assist with underwriting and securing financing for development deals.
  • Coordinate with Company principals and outside legal counsel to assemble documentation needed to obtain and close development project financing.
  • Coordinate draw requests to the lender and facilitate monthly meetings with the lender’s representative(s) to gain approval for draw requests.
  • Coordinate A/E consultants during construction phase to ensure finer details of project are consistently addressed and problems and/or setbacks are anticipated and resolved in a timely manner.
  • Work with Company principals to ensure building plans and specifications are complete, well coordinated, and fall within established budgets.
  • Consistently track incurred expenditures and projected future expenditures monthly, checking against approved budgets to ensure achievement of anticipated profitability.
  • Manage the project close out process to a successful completion.
  • Responsible for oversight of the administrative aspects of a development project including project meeting notes, and document retention and organization.
  • Participate in internal and external team meetings, as requested.

 

Asset Management

  • Monitor operating and financial performance of real estate assets, providing insight for decision making.
  • Coordinate with property management company to optimize performance of assets.
  • Provide support for financing transactions including refinancing, sale, etc.
  • Monitor and ensure adherence to contractual compliance requirements.

 

Other

  • Consistently adhere to Company policies and procedures as outlined in the Employee Handbook and other Company policy and procedure manuals.
  • Conduct site visits as requested.
  • Other duties as assigned.

 

SUPERVISORY RESPONSIBILITIES:

There are no supervisory responsibilities associated with this role.

 

QUALIFICATIONS:

To perform this job successfully, an individual must be consistently able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required for this position. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. Applicants should be aware that performance of essential job duties may occasionally require weekend and/or evening work.

EDUCATION and/or EXPERIENCE:

A bachelor’s degree in business, finance, engineering and/or architecture is the minimum formal education desired for this position. Strong competence in MS Office (Excel, Word, Project and Outlook) is required. A background in finance or project development is highly desirable.

LANGUAGE SKILLS:

Superior ability to professionally present information (verbally and in writing) in one-on-one and small group situations to clients, vendors, and other employees of the organization is required. Ability to comprehend and respond to verbal and written information conveyed by clients, vendors and other employees of the organization. Ability to enter, transcribe, record, store and maintain information in written and electronic/magnetic form. Position requires ability to participate in and facilitate group meetings.

MATHEMATICAL SKILLS:

Prior knowledge of finance real estate and affordable housing is highly desired. The ability to analyze financial data and create, understand, and monitor budgets and financial projections is required.

REASONING ABILITY:

Superior ability to analyze information and evaluate results to choose the best solution to resolve problems is required. Ability to identify the underlying principles, reasons, or facts of information by breaking down information or data into separate parts. Ability to use logic and reasoning to identify strengths and weaknesses of alternative solutions, conclusions or approaches to problems. Ability to determine how a system should work and how changes in conditions, operations, and the environment affect the outcome. Ability to identify measures or indicators of system performance and the actions needed to improve/correct performance, relative to the goals of the system.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by the individual to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions.

While performing the duties of this job, the individual is frequently required to sit, stand and walk; use hands to feel or handle various materials, objects, and implements. The individual is frequently asked to reach with hands and arms; climb or balance; stoop, kneel, and crouch; see, speak, and hear. The individual must frequently lift and/or move up to 25 pounds and occasionally lift and/or move up to 50 pounds. The individual is expected to perform job duties in a safe manner.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an individual encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential job functions.

While performing the duties of this job, the individual is usually exposed to inside conditions which include indoor temperatures and enclosed work environments.  The individual in this position is frequently exposed to outdoor conditions including inclement weather and construction sites.

The individual is required to be very exact and highly accurate in performing all job functions; due to the nature of the job, consequences for error are serious and may impact continued employment. The individual in this position is required to be in constant contact with others (face-to-face, via telephone, and via electronic means) in order to perform essential duties. The noise level in the work environment is usually normal conversational levels; individual will frequently be exposed to noise levels consistent with outdoor exposure and construction equipment operation.