Development Ops Manager: Real Estate Finance & Scheduling

Reefcp; Lehi (UT); On-site; USD 140,000 - 160,000; Full time

Benefits offered by this job

401(k) Plan with Company Match

Generous Health Plan with HSA Match

Flexible Paid Time-off

Daily Company Lunches

Cell Phone Service Allowance

Discounts at Company-owned Resorts and

Job summary

Reef Capital in Lehi, UT is seeking a Development Operations Manager (Real Estate Development) to serve as the integration and intelligence backbone for current and upcoming projects. You will own financial models, master schedules, and cash flow plans, translating strategy into executable plans and reporting to leadership.

This informational and analytical role sits between strategy and execution, requiring strong finance, scheduling, and coordination skills to drive results.

Qualifications

• Experience in real estate development, project finance, or development operations, with ownership of financial models and integrated schedules
• Strong financial modeling skills (IRR, equity multiple, return scenarios)
• Working knowledge of the full development lifecycle, from underwriting through operations
• Experience building and maintaining master schedules and tracking cross-department dependencies
• Familiarity with construction draws, cash flow forecasting, and capital markets concepts
• Excellent communication skills; able to translate complex data into decision-ready materials for leadership and governance bodies
• Strong cross-functional coordination across Legal, Accounting, Finance, Sales & Marketing, HR, and IT

Responsibilities

• Own and maintain the master financial model for each project, overseeing the Development Analyst on updates
• Evaluate scope, design, and scheduling decisions for impact on IRR, equity multiple, and returns
• Prepare return scenarios (base, stress, upside) and present to leadership
• Monitor compliance with capital plans, debt repayment schedules, and distribution waterfalls
• Identify financial risks and variances early; escalate to Project Strategy Group through the Chief Development Officer
• Support financing decisions with return, liquidity, and risk analysis
• Coordinate deliverables across Legal, Accounting, Finance/Capital Markets, Design, Development, Sales & Marketing, HR, Asset Management, and IT for each project
• Own the master integrated project schedule (Gantt), tracking dependencies and critical path items
• Monitor progress against milestones and flag schedule drift early
• Keep financial projections current as decisions and delays occur
• Prepare monthly Project Strategy Group agendas and decision memos
• Manage weekly sync cadence with Development Directors, VPs of Development, and Project Directors
• Track Project Strategy Group decisions and follow-through items to completion
• Maintain current budgets, schedules, and risk registers; standardize documentation across platforms
• Manage project-level cash flow forecasting, draw timing, and capital obligations; recommend countermeasures for cash shortages

Skills

Financial modeling

IRR analysis

Project scheduling

Cross-functional coordination

Communication skills

Education

Bachelor's degree in Real Estate

Finance/Accounting degree

Construction Management background

MBA or MRED (a plus)

Job description

Reef Capital in Lehi, UT is seeking a Development Operations Manager (Real Estate Development) to serve as the integration and intelligence backbone for current and upcoming projects. You will own financial models, master schedules, and cash flow plans, translating strategy into executable plans and reporting to leadership.

This informational and analytical role sits between strategy and execution, requiring strong finance, scheduling, and coordination skills to drive results.