Development Associate

Alliance Residential Company; Atlanta (GA); On-site; USD 90,000 - 130,000; Full time

Job summary

Alliance Residential Company is seeking a Development Associate to lead in execution of its sizable development pipeline. The role covers site selection, acquisition support, entitlements, permitting, and supervising construction and pre-lease activity through stabilization.

This position demands entrepreneurial drive, strong management of consultants, and close coordination with design and construction teams to ensure projects meet budget and timeline targets.

Qualifications

• Bachelor or Associates degree from a top university in a related field.
• MBA or Masters of Real Estate Development preferred.
• Experience as a Development Associate preferred.

Responsibilities

• Underwrite new development opportunities.
• Site planning for yield analysis.
• Oversee consultants and site-related partners.
• Manage budgets reflecting development plans and approvals.
• Coordinate city submittals and hearings to secure permits.
• Monitor budgets, change orders, and monthly reporting.
• Lead design meetings and ensure timely project progression.

Skills

Site planning

Budgeting

Team management

Communication

Underwrite opportunities

Consultant management

Education

Bachelor or Associates degree

MBA or Masters of Real Estate Development

Tools

Timberline

Job description

Opportunity:

Alliance Residential Company regularly leads the NMHC national rankings as the top developer and top general contractor, and the Company continues to grow its market share nationally, while also seeking opportunities to grow geographically. As Alliance continues to grow, the Company is seeking a Development Associate to lead in execution of its substantial pipeline.

This is an excellent opportunity for an entrepreneurial, hard-working, and ambitious developer to leverage the resources of the Company’s vertically integrated platform to grow professionally and be in position to take advantage of Alliance’s continued growth.

Position Summary:

The Development Associate will provide hands-on management of all aspects of project development from site selection and acquisition support, consultant management, entitlements and permitting, overseeing construction and pre-lease support through stabilization.

++EDUCATION, EXPERIENCE, CERTIFICATION:++

Required:

• Bachelor or Associates degree from a top university in a related field.

Preferred:

• MBA or Masters of Real Estate Development.
• Previous experience as a Development Associate.

++RESPONSIBILITIES:++

Tasks listed are a description of the way this job is currently performed and are not an exhaustive list of all the tasks that may be required for each physical demand.

• Underwrite new potential development opportunities.
• Site planning for yield analysis.
• Solicit consultant proposals and then oversee all site related consultants.
• Identify utility locations and get will serve letters.
• Oversee Construction Team as they compile their initial budgets for new deals.
• Ensure that the budget accurately reflects the development plan, the site issues and all conditions of approval.
• Schedule and coordinate all city submittals to meet all contract terms.
• Attend hearings, municipal meetings, and neighborhood meetings. Work with consultants to prepare exhibits and strategize on entitlements.
• Confirm conditions of approval are accurately reflected in the budget and acceptable to our development program.
• Hold and coordinate regular design meetings with consultants, moving plans from Concept to Construction Documents.
• Ensure the property design and specifications are conceived of, priced and decided upon in a timely manner.
• Oversee Interior Design, Color Design, and Graphic Design presentations. DA is responsible for all meetings leading up to and preparing for these formal presentations.
• Coordinate for buy-in with Managing Director on final design.
• Work with Construction and Landscape Architect to ensure that the design falls within our allocated budget (as this item typically is not finalized at the time of budgeting due to fast-tracked development schedules.)
• Participate in initial budgeting process prior to modifying contingencies during acquisition.
• Create, in conjunction with Construction Group, a mutually agreed upon project schedule.
• Coordinate monthly buyout updates with Construction.
• Participate in regular (monthly) budget updates.
• Ensure that plans move through the City on schedule to have permits upon the scheduled date.
• Review all intents to award contracts that are issued by Construction.
• Monitor major change orders.
• Provide design-related decisions that are needed during the construction process in a timely manner in order to maintain construction schedules.
• Ensure that weekly reports are updated thoughtfully and sent out on time.
• Review and publish monthly JV Partner reports.
• Review side-by-side budgets and project schedules to identify red flags.
• Produce Monthly Variance Reports, approve updates and then ensure that they are loaded into Timberline accurately.
• Review and approve Monthly Draw for Construction Loan.
• Approval of monthly budget draws relating to operating deficits during lease-up.
• Make recommendations and modifications regarding office and site performance, business needs, etc.
• Any other tasks assigned or directed.

++OTHER KNOWLEDGE, SKILLS, AND ABILITIES:++

• Excellent knowledge of real estate and development industry, including all stages of the development process.
• Effective organizational and time management skills.
• Excellent verbal and written communication and listening skills.
• Ability to work independently with minimal supervision.
• Ability to actively manage a team of employees and outside consultants.
• Strong interpersonal skills with the ability to interact and relate effectively, productively, and positively with other Associates.
• Naturally accurate and detail oriented.
• Dependable, punctual, reliable.
• Regular in-town travel to meetings and site visits and occasional out-of-town and overnight travel required.
• Ability to work a schedule that may be other than Monday-Friday, 8-5. Work in excess of 40 hours per week is likely.

Alliance Residential is an equal opportunity employer. All applicants receive consideration for employment without regard to race, age, sex (including gender, pregnancy, childbirth, and related medical conditions), color, creed, medical condition, genetic information, marital status, national origin, alienage, citizenship status, religion, sexual orientation, military or veteran status, handicap, mental and physical disability, and family care or leave status, as well as all other characteristics protected by state or federal law or local law.