Job purpose
The Director of Development position at BRIDGE is an exciting opportunity to lead a team of project managers in Northern California and manage a variety of complex multi-family real estate development projects to further the organization’s mission. In this role, you will be responsible for overseeing the day to day work of your team and provide guidance to maintain a high level of quality in accordance with BRIDGE development standards and industry best practices. Reporting to the Executive Vice President of Real Estate Development, the Director will collaborate with team leaders in other departments to streamline, implement and maintain processes and internal systems for reporting, data collection and staff training. The ideal candidate will have significant experience leading a team to develop multi-family housing and manage all aspects of the real estate development process working with a diverse group of internal and external stakeholders.
Duties and responsibilities
General
• Supervise project managers in their day-to-day work and provide guidance to meet goals • Assist project managers with structuring projects, evaluating budgets, identifying funding sources and seeking early feedback from other internal and externalstakeholders • Review project proformas and provide guidance on project feasibility analysis • Evaluate funding requests to confirm spending is consistent with approved projectbudgets • Ensure projects are tracking to schedule and budget and assist project managers with addressing material changes to the timeline and/or budget impacts
• Participate in project related meetings as necessary, including strategy and negotiation sessions, programming meetings, design and construction meetings, community meetingsetc. • Supervise and guide contractor and consultant selection process including evaluating fee proposals and finalizing contract terms and conditions
• Review and approve team members’ work product including but not limited to funding applications, legal documents, financial projections, internal board approval reports, fee projections, procurement recommendations etc.
• Provide guidance to project associates supporting project managers
• Maintain a supportive team environment and implement team building/learningopportunities in close collaboration with Executive VP
• Work on developing and implementing on-going staff training sessions
• Collaborate with the Business Development department on reviewing pipeline opportunities • Build strong working relationships with government agencies, joint partners, lenders and investors, consultants and contractors
• Provide regular status updates to Executive VP about work progress, team performance and seek early feedback to ensure alignment with team and organizational goals
Reporting/Administrative Responsibilities
• Ensure operating budgets and cash flow projections are developed in coordination with asset and property management and updated consistently through development phases • Collaborate with team leaders in other departments to providetimely information to senior management for reporting purposes
• Take initiative to organize and lead cross-functional meetings as needed to collaborate and resolve critical and time sensitive issues as they emerge in day-to-day operations • Work closely with project managers to monitor approved budgetary spending and provide guidance to seek timely project related budget increase approvals from senior management and/or subcommittee of the Board of Directors
• Provide regular updates to EVP and/or senior management on progress of projects, including but not limited to any upcoming issues with discretionary project approvals and/or significant deviations from project budgets or schedules
• Investigate new sources of funding, and other research related activities that would be beneficial to BRIDGE’s development activities
• Work in cross-functional teams to streamline, implement and maintain internal processes and procedures for reporting, database management, and conduct on-going staff training • Participate in planning and execution of division-wide retreats and other activities
Requirements
• Bachelor’s degree in business administration, Urban Planning, Real Estate Development, Architecture or other relevant field
• 8-10 years’ hands-on experience leading a team in the development of complex mixed-use/ mixed-income master plan projects, infill multi-family development, acquisition/rehabprojects • High level of expertise in real estate finance, dealstructuring, ground up development • Strong leadership skills with ability to build relationships with diverse stakeholders, manage and inspire both internal and external teams
• Excellent communication and interpersonal skills and experience working withgovernment agencies and multiple stakeholders
• Self-directed with a high degree of initiative to take charge and navigate through challenging situations when needed
• Ability to meet multiple deadlines and work in a fast-paced environment with a sense of urgency
Preferred qualifications
• Graduate degree in related field
• Extensive hands-on experience in the development of affordable housing projects, including use of typical financing sources such as low-income housing tax credits, tax exempt bonds, Project Based Section 8, HOME, CDBG, HUD Section 202, etc.
• Northern California real estate development experience
• Valid CA driver’s license
Working conditions
• Standard office environment
• Travels up to 35% of the time
Physicalrequirements
• Sitting, standing, walking, touching, fingering, talking, hearing, and repetitive motions • Move, lift, carry, push, pull, and place objects weighing less than or equal to 25 pounds without assistance
Direct reports
• (Senior) Project Manager (4-5)