Associate Developer

Overview

Support all phases of real estate development, handling finance, coordination, and docs.

Key Responsibilities

• financial modeling
• project scheduling
• budget development
• municipal coordination
• legal coordination
• rfp management

Tasks

-Timely follow-up of land-development approval process -Complying with all provisions of the Pennrose Properties personnel policies -Preparation of professional -Financial modeling to determine the economic feasibility of a project -Maintenance of calendars -Scheduling and coordinating the logistics for all development meetings -Creation of realistic project schedules -Organized and systematic management of project development checklists, scheduled ( -Working with municipalities to ensure good communication -Development of realistic project budgets -Interfacing with contractors and other professionals to build proposed developments -Coordination of legal matters as directed by the Team Leader -Coordination of architectural and engineering matters under the direction of the Team Leader for proposed developments -In-depth involvement in coordinating the lease-up of completed developments with full flow of information concerning limiting criteria -Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQs

Requirements

• microsoft office
• powerpoint
• ba/bs
• master's degree
• tax credits
• analytical

What You Bring

-Strong analytical ability -Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership -Discretion in handling confidential information -Demonstrated understanding of project -Requires a valid driver's license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.) -Exceptional verbal and writte -Expertise in composing on-message PowerPoint presentations -Proficiency in Outlook, Microsoft Office including Word and Excel -Maturity, good judgment and professionalism -Ability to work at property locations within or near transitional neighborhoods – again with the support of PMC. -Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources -Ability to work periodic flexible hours is required. Ability to travel by plane and automobile is required. -Solid real-estate knowledge base -Demonstrated organizational skills, including the ability to set priorities in concert with the development team -BA or BS in Finance, Real Estate, Business or related field is required -Considerable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful -Ability to work independently -Strong work ethic and exceptionally high work standards -This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication. -Demonstrated financial skills through the production of budgets and -Accuracy – with an attention to detail - and speed in task execution -Demonstrated punctuality and respect for other's time -Ability to climb stairs, take elevators, bend, squat and reach -Master's Degree or at least 3 years of work experience is required -Working knowledge of all site-control documentation, loan agreements, equity documents, and partnership agreements -Work product including components of RFPs submissions, 8609 submissions, NPDS, funding applications, draw down packages and other project related documents is prepared with high level of accuracy, attention to detail and delivered on a timely basis.Â

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About Pennrose

-key player in the development of residential and mixed-use communities -focus on revitalizing urban neighborhoods with high-quality, affordable housing -strategic partnerships with local governments and non-profits to ensure community involvement -recent projects include multi-family complexes, mixed-use developments, and adaptive reuse of historic buildings -recognized leader in affordable housing with innovative, community-focused designs -commitment to sustainability and delivering exceptional value to real estate development

Sector Specialisms