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Self-Help Credit Union · 2 days ago

Real Estate Project Manager

Oakland, CA

Full-time

Onsite

Mid, Senior Level

$104K/yr - $156K/yr

Self-Help Credit Union is dedicated to addressing economic inequality and promoting economic justice. They are seeking a Real Estate Project Manager to lead all phases of commercial and residential real estate development, involving tasks such as market research, financial modeling, and community engagement.

Banking

Hiring Manager

Ja'Nell P.

Responsibilities

Actively participate in identifying and evaluating potential properties for acquisition, including project idea conceptualization for both commercial and residential real estate

Perform detailed site analysis, including studying site constraints, zoning and entitlement requirements, and producing back of the envelope financial models

Develop complex pro formas that often utilize layered financing, including sources such as New Markets Tax Credits, Historic Tax Credits, Low Income Housing Tax Credits, and more

Perform market research to analyze project economics and verify assumptions used in pro forma models

Actively manage the property acquisition due diligence and closing process, including coordinating with third parties such as surveyors, attorneys, and environmental consultants

Research existing community planning documents and participate in community groups and neighborhood discussions to listen, learn, and build long-term individual and organizational relationships

Coordinate internal project team meetings, which typically include construction managers, leasing staff, and other Self-Help staff

Over time, build relationships with community members and stakeholders, including neighborhood leaders, property owners, government staff, and elected officials

Assist with the preparation and presentation of investment memoranda to secure Self-Help and third-party financing

Review and comment on legal documents such as leases, loan agreements, and other financing documents

Actively support the process of closing financing, including managing checklists, reviewing key documents, analyzing financial projections, and coordinating with financing partners

Work closely with external design and construction teams, alongside construction management colleagues

Monitor development budgets and project timelines

Communicate clearly and consistently with development partners, including tenants, community members, and more

Assist with leasing and other activities needed to complete and stabilize development projects

Assist with internal and external reporting requirements for projects underway and postcompletion

Assist with other asset management tasks as needed in coordination with colleagues

Act as a change agent to drive Self-Help’s economic inclusion initiatives by integrating supplier diversity and the use of businesses owned by women and people of color in third party contracting and vendor management for relevant products and services

Participate in other special projects as needed, in order to support the Real Estate team

Help informally mentor newer and/or younger project management staff

Manage project management interns as needed

Qualification

Real Estate DevelopmentFinancial Pro FormasMarket ResearchContract ReviewCommunity EngagementExcel ProficiencyNegotiation SkillsProject ManagementSupervisory ExperienceSensitivity to DiversityTeam Collaboration

Required

BA/BS degree in Real Estate, Business, Urban Planning, Finance, Public Policy, Public Administration, Community Development or related field

Significant experience with review of contracts, grant agreements, legal documents, or other demonstrations of legal reasoning

Some experience with negotiation and ability for strategic thinking

Strong commitment to our mission – creating economic opportunity for traditionally underserved communities

Preference for working in organizations that place priority on teamwork and collaboration

Commitment to social and economic justice

Sensitivity to issues of low-wealth communities and a desire to work in culturally and socially diverse organization that strongly values collaboration

Eagerness and comfort working in community settings with diverse groups

Proficiency with modeling complex real estate development pro formas in Excel

Proficiency with Word, Excel, Outlook, PowerPoint, and ideally other productivity tools

Ability and willingness to travel within and outside of the position's home state on occasion, plus occasional evenings and weekends

Preferred

Master's degree in Real Estate, Business, Urban Planning, Finance, Public Policy, Public Administration, Community Development or related field strongly preferred

Prior supervisory experience preferred