Overview
One of our international alumni shared this opportunity what he described as an entry-level/early career job, who graciously offered to talk to someone about the company, and the role if interested.
Exact Capital Group LLC is seeking an experienced Real Estate Development Associate in our midtown Manhattan office. The Real Estate Development Associate will be responsible for overall project execution on assigned projects. The scope of responsibilities includes managing in accordance with the business plan all aspects of the development process including due diligence, feasibility, programming, design, entitlements, construction and permanent financing, construction, marketing, sales and/or leasing oversight, completion and opening, warranty certification, and closeout. The Real Estate Development Associate will typically work on four to six projects simultaneously. Real Estate Development Associate must be able to work efficiently in a fast-paced, multi-task environment with competing priorities and multiple project assignments. As this assignment matures, the Real Estate Development Associate will help identify and pursue other real estate opportunities.
Responsibilities (include, but are not limited to)
• Lead development efforts as opportunities are being secured in order to efficiently take over project as it transitions to implementation.
• Assist in project underwriting including market research, entitlement review and basic project programing / feasibility assessments.
• Manage the due diligence process: planning, design, entitlement/approval, construction, commissioning and leasing coordination for entire project, including selection of (and coordination among) attorneys, architects, engineers, contractors, subcontractors, etc.
• Manage the overall development process, serving as day-to-day liaison with design/construction team, clients, and other stakeholders, at all times conveying a sense of urgency coupled with spirit of partnering so as to motivate individuals and encourage teamwork. Work to keep scope and cost in balance while meeting schedule and quality objectives. Oversee cost management/reporting. Prepare monthly reports to internal management and external clients.
• Participate and collaborate with operations/marketing team during construction/delivery period; ensure follow-up with appropriate parties as needed with issues that arise.
• Manage the procurement of easements, entitlements, off site agreements and permits.
• Manage the selection and performance of project design and construction.
• Manage comprehensive tracking of project data for required reporting: construction progress, budget tracking, sales and/or leasing status, periodic market updates.
• Perform Asset Management of real estate portfolios to ensure compliance with business plan, various state and federal regulations, and overall company objectives.
• Research and track latest industry trends as directed or required for assigned projects.
• Provide knowledge and guidance to design team during design to foster a high quality project which can be delivered efficiently.
• Establish budgets for design and construction during each phase of development which align with business plan.
• Drive successful implementation of development processes from inception through completion, providing single point of project accountability for Exact Capital Group.
Responsibilities (include, but are not limited to)
• Lead development efforts as opportunities are being secured in order to efficiently take over project as it transitions to implementation.
• Assist in project underwriting including market research, entitlement review and basic project programing / feasibility assessments.
• Manage the due diligence process: planning, design, entitlement/approval, construction, commissioning and leasing coordination for entire project, including selection of (and coordination among) attorneys, architects, engineers, contractors, subcontractors, etc.
• Manage the overall development process, serving as day-to-day liaison with design/construction team, clients, and other stakeholders, at all times conveying a sense of urgency coupled with spirit of partnering so as to motivate individuals and encourage teamwork. Work to keep scope and cost in balance while meeting schedule and quality objectives. Oversee cost management/reporting. Prepare monthly reports to internal management and external clients.
• Participate and collaborate with operations/marketing team during construction/delivery period; ensure follow-up with appropriate parties as needed with issues that arise.
• Manage the procurement of easements, entitlements, off site agreements and permits.
• Manage the selection and performance of project design and construction.
• Manage comprehensive tracking of project data for required reporting: construction progress, budget tracking, sales and/or leasing status, periodic market updates.
• Perform Asset Management of real estate portfolios to ensure compliance with business plan, various state and federal regulations, and overall company objectives.
• Research and track latest industry trends as directed or required for assigned projects.
• Provide knowledge and guidance to design team during design to foster a high quality project which can be delivered efficiently.
• Establish budgets for design and construction during each phase of development which align with business plan.
• Drive successful implementation of development processes from inception through completion, providing single point of project accountability for Exact Capital Group.
• Maintain highest standards in client care, in keeping with Exact Capital Group’s core values.
• Minimal travel may be required.
• Minimal travel may be required.
Education/Experience Requirements
• Bachelor’s degree at a minimum in real estate development related field (i.e. Engineering, Architecture, Construction, Finance, Law, Economics).
• Minimum 2-5 years real estate development work experience at a bank, investor, or development firm.
• High degree of organizational skills and problem-solving ability; specifically, the ability to work as a self-starter.
• Attention to details and ability to execute them at a high level without excess supervision.
• Ability to prioritize/execute to achieve desired company and project goals with sense of urgency.
• Collaborative approach and respectful relationship style with members of the neighborhoods within which we work as well as colleagues, consultants and third-party trade partners.
• Excellent communication skills, both verbal and written, particularly to clients at the senior executive level.
• Strong business aptitude and common sense.
• High degree of problem spotting and resolution ability. The Director of Real Estate Development needs to plan and “see the deal” from concept to completion while it is still just an idea and maintain that focus, anticipation, discipline and rigor through to completion.
• Strong relevant computer skills.
• Maintain memberships and participate in organizations and events
Contact: Michael Callaghan, (mcallaghan@exactcapital.com). Please send a resume to this email.
To apply for this job email your details to mcallaghan@exactcapital.com
