Director of Development

ElmingtonAddison, TX, US

2 days ago

Job type

Full-time

Job description

Job Description

POSITION SUMMARY :

Elmington is comprised of multiple locations and lines of business that are operated as their own living, breathing corporation. They have income and expenses, debt and a bottom line - all of which we will look to you to help optimize through your role. Along with this responsibility comes a very high level of expectations. We are asking you to be an integral part of a multi-million dollar company. As the leader in single family rental communities, Elmington Residential offers residents a place to call home : a home with exceptional design features, privacy, walkability, and a maintenance-free experience.

The Director of Development is responsible for sourcing development deals, origination and be a key component in the next stage of growth for the company.

To be an effective Elmington Residential teammate, you will need to :

Have a great attitude
Have high expectations
Think BEYOND the box
Work with passion
Have a tireless work ethic
Be confident
Be self-sufficient and self-motivated
Take pride in your work
Be a good listener
Offer a solution with every problem
Be responsive and transparent

KNOWLEDGE / SKILLS / ABILITIES :

Exceptional verbal and written communication skills to liaise effectively with team members and leadership

Outstanding organizational skills to manage multiple priorities, tasks, and deadlines efficiently

ESSENTIAL JOB FUNCTIONS :

Source viable parcels of land for the purpose of development including the negotiation of favorable terms with land sellers;

All aspects of review during a land contract inspection period, inclusive of (but not limited to) title review, environmental, entitlement risk, fee estimation, etc.

Oversees the preparation and submission of subsidy applications through various municipal programs;

Maintains Land Seller relationship & contract compliance;

Creation and implementation of a development budget, appropriately budgeting and sizing a community based on available sources of financing, and preserving the budget bottom line;

Negotiates and manages the design, legal, investigative, and oversight consultants;

Oversee the submission process and ensures all levels of governmental approvals for entitlements, permits, and utilities

Collaborates with servicers and lenders to favorably underwrite each transaction, providing all due diligence and financial documentation for underwriting and subsidy layering;

Review and negotiate all loan terms and coordinate final loan execution

Ensure compliance of state, federal, and local municipalities and regulatory agencies and common area requirements (such as ADA, HFA, UFAS, etc.) to eliminate delays in permitting and closing

Provide bi-monthly status reports on each project that is in application cycle process, pre-development, and pre-acquisition

Perform all other duties as assigned

SPECIFIC EDUCATION OR EXPERIENCE :

A bachelor's degree or equivalent experience is required and a minimum of in real estate development / architecture. Master's degree preferred

7+ years' experience in real estate or similar industry

Knowledge and understanding of investment, development and construction practices

Strong MS Office skills including Excel and PowerPoint

PHYSICAL DEMANDS AND WORK ENVIRONMENT :

Frequently sit, stand and walk.

Regularly required to talk or hear.

Frequently required to use hands or fingers to handle or feel objects, tools or controls.

Occasionally required to climb or balance, stoop, kneel, crouch or crawl.

Occasionally lift and / or move up to 25 pounds.

Vision abilities to include close vision, distance vision, peripheral vision and the ability to adjust focus.

The noise level in the work environment is usually moderate.

Temperature in the workplace is typically moderate, though the ability to withstand seasonal cold and heat of the outdoors is necessary.

TRAVEL REQUIREMENTS :

Travel up to 15% of the time.

The Elmington Residential Experience

We're creating a different kind of company at Elmington Residential. We promise we will never be ordinary, which we hope you can see by this job description. There will be many days you simply aren't comfortable. You will be pushed to accomplish more than you ever thought possible. You will be challenged by your team leader and your peers to achieve more and to find better ways. With that said, we know Elmington Residential is not for everyone. BUT, if you believe in yourself, enjoy a challenge and appreciate working with exceptional people, then Elmington Residential could very well be the last company you ever work for.

Elmington Residential is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. Elmington Residential makes hiring decisions based solely on qualifications, merit, and business needs at the time.

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Director Of Development • Addison, TX, US