The Development Associate provides development support to an active project or pursuit such as invoice and draw approvals. Turnkey responsibility for components of project execution, such as signage, FF&E; and often directly interacts with Capital partners, Investment and Asset Management teams, and tracks and reports on the status of student & multifamily (build-to-rent) transactions within the assigned geographic markets.
Key Role Responsibilities: Supports the initial technical due diligence underwriting (financial modeling) process on pipeline/land opportunities/investments; including developing documentation and recommendations on key findings that may affect the return and financial performance of the proposed deal.
Prepares technical data required for the investment memorandums providing insight on the proposed projects including detailed pro-forma construction budget and feasibility studies.
Supports and monitors the technical preparations for the negotiation of sale and purchase agreements for approved projects.
Manages and oversees the delivery of phased construction projects in line with approved business objectives.
Prepares, updates and oversees comprehensive and robust project plans, change management and cost documentation.
Monitors budget and project schedule performance to manage and regularly report on progress (e.g., minutes, progress reports, management reports, quality reports and monthly reports).
Directs third party relationships to prepare and complete project design concept, a construction budget and building plans in accordance to approved scope of work and program.
Manages relationships with project and construction teams (internal or 3rd party) to ensure construction projects are completed in a timely manner, designed according to plan and within budgetary guidelines.
This includes ensuring the team follows procedures around technical development cost and quality control, and that all required permits and approvals are obtained.
Maintains ongoing communications within the development team, and other key business leaders affiliated with the project to provide periodic updates on the progress against schedule (programme) and budgets, resolves issues that may compromise the project delivery schedule or costs, and responds quickly and with urgency to questions, concerns, and requests for information.
Works closely with operations to finalize all operating budgets and relevant development assumptions in financial model, amenity space plans and unit plans.
Works closely with Operations and Asset teams to accept units from construction on behalf of Owner (including phased handover), ensuring a smooth transition and that all aspects of the project adhere to Company development standards, templates and quality levels.
Develops and maintains relationships with local project management firms, construction companies, local city governments as well as related bodies and other key technical stakeholders, and appropriately manages on-going communications related to the technical side of the proposed development projects.
Completes various human resources, financial, administrative, and other reports and analysis, and performs other duties as assigned or as necessary.
Knowledge & Qualifications: Member of the RICS or Masters of Real Estate qualification (desirable).
Knowledge of multifamily (build to rent), student or related industry developments (desirable).
Expert level proficiency in MS Office - Word, Excel, Project; necessary to support budgeting and overall project management.
Experience & Skills: Development and project management experience; including demonstrated ability to oversee the entire life cycle of the development process and to complete development projects.
Experience in coordinating the delivery of a mixed-use scheme.
Experienced in multiple phased projects and infrastructure works including roads, utilities, drainage and an understanding of programme and site-wide logistics.
Experience or exposure to large scale phased development projects (desirable).
Detailed knowledge of construction contracts and experience of managing client actions.
Excellent written and verbal communication skills; including the ability to effectively write and present reports and information.
Excellent interpersonal skills including the ability to establish and maintain positive relationships, communicate with tact and diplomacy, and influence with impact at all levels.
Proven ability to build, lead, manage and motivate project teams in the delivery of significant programmes.
Demonstrated skills necessary to supervise and monitor works provided by (technical) consultants, negotiate, manage and monitor construction/technical related agreements.
Excellent numeracy skills; including the ability to manage and maintain accurate cash flow information and to complete financial records, budgets, and other fiscal reporting information.
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