Managing Director, Real Estate Development (50351)

Description

• Seek and identify new opportunities to expand the RB Development Pipeline
• Take an active role in the coordination of RiseBoro’s response to competitive development RFPs and RFQs
• Participate in industry events, represent RiseBoro on applicable working groups and task forces
• Work independently to ensure successful, timely and profitable projects, delivering on all development phases from predevelopment to operations
• Identify and develop relevant key performance and risk indicators, assess emerging risks and opportunities, and develop executable plans to address all
• Ensure RiseBoro’s development projects establish and meet high standards of financial performance
• Advance RiseBoro’s real estate pipeline in service of RiseBoro’s mission
• Provide mentorship and training to Project Managers. Take an active role in on–the-job learning opportunities for less experienced team members. Leading by example, imbue best practice underwriting, operationalize process to improve productivity, and ensure excellence in program management to achieve RiseBoro’s goals
• Lead analysis of potential new development deals, prepare investment memos for senior leadership and board review
• In coordination with the Director of Asset Management, develop and execute repositioning strategy for existing assets
• Ensure that all RE Development projects, embody RiseBoro’s core virtues: Respect, Integrity, Compassion, Equity and Empowerment
• Cultivate and curate strategic relationships to enhance the organization’s impact and reach, including those with key funders, investors, development partners, government agencies, tenants, elected officials, and other stakeholders
• Identify and advance cross-functional collaboration opportunities within RiseBoro

Requirements

• Excellent oral and written communication skills
• Demonstrated progressive experience in low-income housing tax credits (9% and 4%) transactions, bond financing transactions and Year 15 transactions, the affordable housing industry, and sustainable development practices
• Ability to understand the concepts of institutional and structural racism and bias and their impact on underserved and underrepresented communities
• 3-5 years’ experience underwriting NYC affordable housing transactions
• Proficient in Microsoft Office Suite; specifically, advanced Microsoft Excel skills
• Demonstrated knowledge of city and state agencies, programs, and development processes
• 4-8 years of project management experience in affordable housing, development, or related experience, preferred
• 2-3 years supervisory experience, preferred
• Ability to foster an environment of collaboration and maintain positive working relationships
• Highly organized with strong attention to detail
• Bachelor’s degree required; Master’s degree in Real Estate, Urban Planning, Business, or similar field preferred
• Ability to manage and execute multiple critical priorities
• Excellent interpersonal and relationship management skills
• Demonstrated management/supervisory experience
• Demonstrated advanced experience in real estate underwriting

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance