Development, Senior Manager

Jimmy Jazz; Los Angeles (CA); On-site; USD 140,000 - 160,000; Full time

Job summary

Jimmy Jazz is looking for a Senior Manager, Development in Los Angeles, CA. This role involves overseeing the management and execution of residential development projects. You will lead teams through predevelopment, design, and permitting phases while ensuring budgets and timelines are adhered to.

Candidates should have a background in real estate project management, strong communication skills, and a Bachelor’s degree in relevant fields. A competitive salary ranging from $140,000 to $160,000 is offered.

Qualifications

• 5+ years of experience in real estate project management or related fields.
• Experience in multifamily and/or land development preferred.
• Highly self-motivated with strong organizational skills.

Responsibilities

• Manage and execute all aspects of residential development.
• Hire and manage consultants for project design and permitting.
• Coordinate with finance and asset management for successful project execution.

Skills

Real estate project management

Communication skills

Budget management

Microsoft Office proficiency

Education

Bachelor’s Degree in Real Estate, Finance, or related field

Master’s Degree (preferred)

Tools

Microsoft Project

SmartSheet

Job description

• Base Pay $140,000.00 - $160,000.00 / Year
• Job Category Residential Development
• Employee Type FT Exempt

Senior Manager, Development

Objective

The Development Manager operates as a part of the Development team and is responsible for successful management and execution of all aspects of residential development, with an emphasis on the predevelopment process. Reporting to the Senior Managing Director, Development, this position will play a key role as the company’s day-to-day point person in the management of pre-development, design, and permitting process of multifamily residential projects, and will play a supporting role in oversight of construction and lease-up. This person will typically manage two to three projects in various stages of development, working in close collaboration with senior management. Primary responsibilities include hiring and managing consultants, overseeing project design, entitlements and permitting, managing budgets and schedules, preparation of project progress reports, and coordination with finance, accounting, asset management and senior management to ensure successful execution of the project business plan investment objectives. Secondary responsibilities include supporting the Acquisitions team in site analysis, due diligence, and creating budgets, proformas, and business plans for new development opportunities.

Tasks and Responsibilities

Cross Functional Relationships and Accountability

• Responsible for management and coordination of elements of entitlement, design, engineering, permitting, and construction through the development process.
• Manage the entitlement process: direct design team, supervise land use & environmental consultants, interact with community stakeholders, City staff and elected officials, in order to obtain necessary approvals.
• Manage design consultants including architects and engineers. Oversee the project permitting process.
• Evaluate how site conditions, zoning, utilities engineering and construction factors affect the economics of projects and the feasibility of Conditions of Approval and recommend mitigations or design changes as appropriate.
• Establish, manage, and maintain accurate development schedules and budgets; Manage and communicate projected vs. actual budget reconciliation and cash flow projections; Proactively work to resolve issues and potential issues to keep development projects on-time and on-budget.
• Responsible for updates to leadership, including regular job status reports, budget tracking, reporting & analysis. Monitor billing, cost controls and project accounting with Finance Team.
• For LIHTC projects, manage consultants and coordinate with Finance team to submit successful tax credit applications, complete applications for local project subsidies, and ensure timely submittal of tax credit compliance documents upon project completion. Work with nonprofit and service partners to plan for delivery of resident services.
• Partner with Acquisition team in building accurate development budgets, schedules, and critical paths for new projects; participate in the feasibility analysis, due diligence and closings of land acquisitions.
• Support Finance Team in construction loan closings and monthly loan draw processes.
• When necessary, support construction team in obtaining final sign offs on Conditions of Approval for Certificates of Occupancy, final maps, bond releases, etc.
• Support construction and property management teams in punch-list completion, property management handoff, and operations start-up.
• Work with property management and key vendor partners to make sure the project design is designed appropriately to support efficient operations.
• Pre-negotiate key vendor Service Agreements such as fitness equipment leasing or purchase, cable & internet, EV charging, trash, and utilities submetering.
• Analyzes project financials and variance reports to ensure maximum profitability
• Prepares/reviews budgets; monitors costs to ensure projects are completed on time and within budget
• Updates job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations.

People Management Task and Responsibilities

• Creates an environment and culture that focuses on fulfilling the company’s mission, vision, and values.
• Ensures performance related issues are addressed and reach resolution; evaluates performance objectively with a focus on driving the business and results.

Organizational Development and Effectiveness

• Coordinate with the business unit’s leadership to execute the agreed upon plans and objectives of the Company
• Manage and maintains a trusted and capable network of external partners to ensure continuous success of the Company’s strategic plan relative to each local market, including architects, engineers, design consultants, etc.
• Continuously seeks to improve the company’s reputation in terms of product innovation, quality, customer service, operational excellence and overall execution in the local market.

Abilities/Qualifications

• 5+ years of experience in real estate project management or related with direct experience in multifamily and/or land development. Candidates with project management experience as an owner/developer’s representative are preferred. Strong candidates with a successful track record of project management in architecture, engineering, or construction as well as a strong financial background will also be considered.
• Bachelor’s Degree in Real Estate, Finance, Architecture, Civil Engineering, Construction Management, Business Administration, or other related programs. Master’s Degree is preferred but not required
• Highly self-motivated and driven to meet commitments & deadlines
• Able to multi-task and manage several on-going projects in an organized and efficient manner
• Intermediate knowledge of Microsoft Office (Excel, Word, PowerPoint)
• Experience with project management tools such as Microsoft Project and/or SmartSheet preferred
• Exceptional verbal and non-verbal communication skills

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to sit for up to 10 hours per day
• Ability to move freely around the office for up to 10 hours per day
• Ability to communicate verbally and in writing