Development Manager

Senior Housing Partners (the project development company of Presbyterian Homes & Services) is seeking a Development Manager to join its team.

 

The Development Manager takes a lead role in shepherding a new project or redevelopment through all phases of development. This position will lead two to three development projects in various stages of development. The Development Manager is responsible for achieving project tasks related to property acquisition, pro forma financial analysis, project debt and equity financing, loan closings and project planning and construction.

 

REPORTING STRUCTURE
The Development Manager reports to the Vice President of Real Estate.

The Development Manager is responsible for managing various data bases, spread sheets and reports related to project budgets and schedules, project financing, construction administration and property lease-up. The Development Manager assists the VP in analyzing project financial feasibility, closing the project debt and equity financing, working closely with the community in planning neighborhood development, preparing internal and external reports and soliciting consultant and contractor services. The Development Manager is responsible for coordinating the preparation of requests for proposals, contracts, and other documents.

 

Responsibilities include but are not limited to:

• Manage day-to-day tasks of all assigned development projects and pipeline activities. Ensure a high-quality project and establish a high performing team through conducting the project concept development. Coordinate and select professionals including architects, engineers, general contractors, financing underwriters, and others necessary to advance the project.
• Perform pro forma financial analysis of properties for development, acquisition, and redevelopment.
• Prepare pro forma development budgets and property operating budgets under the direction of a VP.
• Work with team members to prepare responses to requests for proposals and solicitations for bids by coordinating the proposal response and preparing the proposal materials.
• Perform site visits of potential property acquisitions and assists VP in market analysis and preparation and review of due diligence reports. Help guarantee desired sites by assisting with the site acquisition process. Work with the professional staff to present plans to approve jurisdictions (city, county, watershed district, etc.) to obtain project/ land entitlements.
• Solicit consultant and contractor services for due diligence, design and construction services, review and evaluate the responses and obtain the services.
• Assist with the preparation of debt and equity financing applications for each of the projects.
• Support the team in closing the financing and manage the closing checklist.
• Contribute to project efficiency by directing site planning. Serve as the owner representative through the construction process including attending construction meetings, evaluating proposed project change orders, coordination of monthly draws, and completing post-construction punch list and warranty work.
• Assist the VP with the construction administration process by coordinating the flow and filing of construction documents.
• Analyze progress against project schedule and modifies schedule as needed.
• Prepare internal and external reports on each project as required.

MINIMUM QUALIFICATIONS

• Bachelor’s degree required; master’s degree in related field (real estate, urban planning, architecture, business or finance) preferred.
• 3-4 years of experience in development or senior housing, assisted living, care center, or related field and/or meets required competency targets.
• Demonstrated knowledge of senior living real estate development, building codes, regulatory requirements, and functional and operational requirements.
• Demonstrated knowledge of real estate development, finance, design, and management.
• Demonstrated knowledge of due diligence and financial underwriting.
• Proficiency with Word, Excel, and PowerPoint is required; proficiency with MS Project is preferred.
• Experience with financial analysis using Excel or similar spreadsheet program is required; experience with GIS software is a plus.
• Must have strong writing and editing skills and experience in conducting research and analysis.
• Must have flexibility, personal integrity, and ability to work effectively with co-workers, site operating staff, and various other professionals.
• Ability to work independently.
• Ability to direct a team of professionals.
• Must have flexibility, personal integrity, and ability to work and communicate effectively with co-workers.
• Must be a team player, willing to take directions and accept responsibility for meeting specified objectives.
• Must have excellent oral, written, and interpersonal communication skills and strong attention to detail.
• Ability to work within specific timelines and travel up to 15% of the time.
• Demonstrated ability to read, write, speak and understand the English language to communicate with all customers.
• Demonstrated compatibility with PHS’ mission and operating philosophies.
  
  

The estimated starting pay range for this role is $102,000 -$126,500 per year. This good faith estimate is based upon PHS’s typical starting pay range for this role. Actual pay range depends on many factors including each individual employee’s qualifications and market conditions and is subject to change.

Full-time benefits-eligible employment begins at a minimum of 30 hours per week:

Health, and dental, including applicable HSA & FSA
Employer Contribution to HSA for eligible Health Plans
Life insurance (AD&D)
Retirement, with eligibility for an employer match
Holiday pay and extended sick

 

 

Full and Part-time benefits-eligible employment working between 20-29 hours per week:

Vision insurance
Voluntary short-term & long-term disability
Accident & hospitalization coverage
Education assistance programs

 

 

All employees:

Accrue PTO (Paid time off)
Same-day pay
Employee assistance program (EAP)
College partnership educational discounts
Access to Learn to Live Resources

Based in St. Paul, Minnesota–Presbyterian Homes & Services (PHS) is a nonprofit, faith-based organization providing a broad array of high-quality housing choices, care options and services for older adults. There are over 7,500 team members like you at PHS, serving more than 26,000 older adults through 60+ PHS-affiliated senior living communities in Minnesota, Iowa and Wisconsin, and through Optage® and other community services. PHS is also co-owner of Genevive®, the largest geriatric primary care practice in MN, providing comprehensive care for over 15,000 older adults.

 

An Innovative Leader: Established in 1955, PHS has earned the reputation as an Innovative Leader dedicated to promoting independence, purposeful living, and overall well-being. PHS is now one of the largest nonprofit senior housing and services providers in the US.

 

Our strong focus on our employees, means we are committed to an environment where you are valued and empowered to make a difference. With a strong commitment to team growth from within, roughly 80% of leadership roles are filled through the development of people like you. To learn more about PHS culture, benefits and team development, we invite you to visit the "Careers" section of our website.

 

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PHS is an EEO/AA employer. All applicants will receive consideration for employment regardless of their race, color, creed, religion, national origin, sex, sexual orientation, disability, age, marital status, or status with regard to public assistance.