Henderson Scott US ยท 2 hours ago
Development Project Manager | Affordable Housing
New York, NY
Full-time
Onsite
Senior Level
$135K/yr - $150K/yr
5+ years expHenderson Scott US is focused on affordable housing development, and they are seeking a Development Project Manager to oversee real estate projects from inception to completion. The role involves financial modeling, project management, and collaboration with various stakeholders to ensure successful project execution.
Staffing & Recruiting
Responsibilities
Expertise in new construction, affordable, and mixed-income residential development, with experience in development, construction, design, and permitting
Ability to manage a real estate development project from inception through completion, with guidance (including underwriting, financing and capital raising, coordination of consultants, design, construction, and marketing)
Perform financial modeling and analysis to evaluate potential investment and acquisition opportunities and structure transactions; perform market research and property-level due diligence
Perform project- and P&L-level financial modeling to evaluate different development scenarios, financing structures, and returns for development projects, and assess project viability and risks
Negotiate bank term sheets and documents with assistance, identify and resolve deal point issues
Create budgets and estimate costs in cooperation with subject-matter experts; coordinate budgets and underwriting with agencies, lenders, and equity partners
Support design and construction decisions in close coordination with third-party consultants (i.e., architects, engineers, contractors, etc.), and participate in construction administration
Self-motivated and proactive with an established track record of getting things done effectively, independently, and promptly
A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines
Assist the Director of Affordable Development in managing the construction loan closing process, this may include leading closing calls with multiple parties, ensuring timely submission of required closing materials, review of all financials and closing agreements for accuracy, and soliciting bids and reviewing third-party reports
Work with Development Principal and Director of Affordable Development to formulate strategy for each project, make recommendations on future project pursuits
Qualification
Required
Expertise in new construction, affordable, and mixed-income residential development, with experience in development, construction, design, and permitting
Ability to manage a real estate development project from inception through completion, with guidance (including underwriting, financing and capital raising, coordination of consultants, design, construction, and marketing)
Perform financial modeling and analysis to evaluate potential investment and acquisition opportunities and structure transactions; perform market research and property-level due diligence
Perform project- and P&L-level financial modeling to evaluate different development scenarios, financing structures, and returns for development projects, and assess project viability and risks
Negotiate bank term sheets and documents with assistance, identify and resolve deal point issues
Create budgets and estimate costs in cooperation with subject-matter experts; coordinate budgets and underwriting with agencies, lenders, and equity partners
Support design and construction decisions in close coordination with third-party consultants (i.e., architects, engineers, contractors, etc.), and participate in construction administration
Self-motivated and proactive with an established track record of getting things done effectively, independently, and promptly
A team player, able to work in an entrepreneurial environment, balance changing priorities, and meet deadlines
Assist the Director of Affordable Development in managing the construction loan closing process, this may include leading closing calls with multiple parties, ensuring timely submission of required closing materials, review of all financials and closing agreements for accuracy, and soliciting bids and reviewing third-party reports
Work with Development Principal and Director of Affordable Development to formulate strategy for each project, make recommendations on future project pursuits
Strong financial modeling skills (Excel)
Strong Microsoft PowerPoint & Microsoft Word skills
Excellent interpersonal and communication skills (oral and written)
Strong organizational skills and attention to detail
Interest in being part of a close-knit entrepreneurial group that loves helping to transform cities and neighborhoods in socially positive and impactful manner
BA or BS required 5+ years of multifamily real estate finance and/or development experience along with knowledge of development best practices
Demonstrated ability to create and execute successful projects completed on or ahead of schedule, on budget, with high quality and significant community impact
Preferred
Specific experience with affordable housing programs and project management execution preferred
Ability to use SketchUp, InDesign and/or AutoCAD software is a plus
Strong negotiating and internal/external collaboration skills as well as sound political
Benefits
Competitive medical, dental, vision
Wellness benefit packages available for review upon request
Employer matching 401k program
Paid Time Off
Tuition Reimbursement
Company
Henderson Scott US
Henderson Scott is a leading professional recruitment partner offering expertise across Accounting & Finance, Legal, Real Estate & Construction, and Technology & Data.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase