Development Manager
Development Manager
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$ 150000 - 160000
1 Vacancy
Job Description
Job Ad Development Manager with Senior level potential (based in Salt Lake City Utah)
If you are from an agency representing a candidate you must send all inquiries toin order for your submission to be considered. Thank you.
About Us
Chelsea Investment Corporation is a Californiabased leader in the financing and development of affordable housing. Were a team of experienced professionals that work to identify and implement timely and costeffective solutions to provide quality homes for thousands of people. Over the three decades that weve been doing business we have been consistently recognized as a top developer as well as received achievements in energy merit master planning and projects. Additionally we have identified as one of the fastest growing privately held companies and our CEO has been named as one of the most influential business leaders. As you can see were passionate about affordable housing AND our people and we hope you are too! We welcome you to join our amazing team.
What Youll Be Doing
As a Development Manager at Chelsea Investment Corporation you will be responsible for providing turnkey project management while ensuring timely financing approval and design of multifamily affordable housing developments.
For this role please note that you will be required to live and work in or near Salt Lake City Utah to directly support our locally based projects.
Additionally your tasks will include but not be limited to:
- Managing coordinating and completing the development design financing (including the obtaining and maintenance of tax credits) syndication construction leaseup stabilization conversion to permanent financing and regulatory compliance for assigned projects
- Managing the modifications to and progression of the project pro forma in coordination with finance team to analyze possible funding scenarios and to address changes in project sources uses operating income and expenses and other financial assumptions
- Preparing projectrelated budgets and schedules cash flow projections deal memorandums financial forecasts and strategic plans
- Developing and fostering effective relationships internally and externally including all third parties (e.g. consultants public funders and private lenders/equity providers community organizations architects construction managers government liaisons etc.
- Managing consultants including architect engineers energy and other consultants in conjunction with the entitlement and design team
- Overseeing the design process and coordinate with the Director of Entitlement to ensure compliance/approval by respective City State and Federal agencies while developing and implementing solutions if any compliance or approvalrelated issues arise during construction and property operations
- Facilitating community and public agency support and approval of project plan
- Managing the due diligence and closing process for complex mixedfinance deals with multiple lenders and governmental stakeholders while creating and executing strategies to prevent conflicts between funding sources
- Managing preparation and presentation of Investment Committee memos/meetings to senior leadership to obtain funding for predevelopment costs
- Managing preparation and presentation of recurring Project Management Reports including all critical components of a project
- Analyzing funding and development legislation regulations policies and market to determine applicability to projects and compatibility with other program requirements
- Supervising the financing application team and oversee the application completion while coordinating with responsible parties
- Overseeing and managing the leaseup process in conjunction with the Asset Management and Property Management team
- Identifying new potential affordable housing projects for the Company
What Youll Need to Perform the Role
Youll use your bachelors degree and/or graduate degree in business finance economics public administration community development planning or related field plus ten 10 plus years of development experience with at least three 3 of those years in a leadership role within affordable residential housing with an emphasis on multifamily; a history of leading concurrent project teams through successful affordable multifamily housing developments extensive knowledge and understanding of affordable multifamily housing developments and proficiency in Microsoft Office (Word Excel and Outlook) to be successful in this role. You may also have an equivalent combination of education training and/or experience from which comparable knowledge skill and abilities have been attained.
Youll also need the following attributes:
- Extremely organized with ingrained ability to prioritize and multitask in a fastpaced environment
- Keen attention to detail with focused adherence to strict deadlines and procedures
- Sound problemsolving skills with demonstrated ability to exercise sound independent judgment
- High level of integrity and dependability including handling sensitive and confidential information
- Teamwork mindset and temperament to work effectively with a diverse group of people
- Effective ability to communication clearly and concisely both verbally and in writing
- Genuine desire to work in the real estate development affordable housing industry
- Personal accountability and enthusiasm for achieving company goals
Whats in it for You
Chelseas people are at the core of everything we do. We offer meaningful careers competitive salaries annual bonus packages and an energetic office environment.
We take the wellbeing of our team members seriously; thus providing an attractive benefits and perks package to meet the needs of all our employees. This package includes but is not limited to:
- Medical (HMO PPO HDHP/HSA plans available)
- Dental (HMO and POS)
- Vision
- Section 125 Cafeteria Plan
- Company sponsored Disability and Life insurance
- 401K plan participation with company match
- Paid Time Off (PTO)
- Opportunities for professional development
- Flexible work schedule as business needs permit
- Companywide events
Hiring Range
$150k to $160k on an annualized basis depending on qualifications. For Senior level candidates compensation will be based accordingly depending on qualifications
The pay range for this position starts as listed in the job posting but may change based on education and experience. Final compensation is determined by various factors such as education training experience work location required travel (if any) and external market conditions. In addition to salary we offer a comprehensive benefits package including health insurance 401(k) paid time off including a generous holiday schedule.
What Comes Next
If this role seems of interest to you and you meet the needs to be successful apply using the link below. Our recruiting team will then review your application and any of the materials you submit. From that point well reach out if youre a fit and introduce you to the hiring manager and move you through the interview process which will encompass meeting virtually as well as inperson at our corporate office in Carlsbad and/or project job site (following all COVID19 safety precautions and protocols).
Equal Opportunity
Chelsea Investment Corporation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race color religion age sex national origin disability status genetics protected veteran status sexual orientation gender identity or expression or any other characteristic protected by federal state or local laws. We encourage applications from minorities women the disabled protected veterans and all other qualified applicants.
Diversity Equity and Inclusion Commitment Statement
- We acknowledge that historic and ongoing discrimination results in a society where certain groups are disadvantaged in ways that are not always obvious.
- We understand that a commitment to racial equity and inclusion is not always easy is not always comfortable and is not always expedient. It is nevertheless a commitment we have chosen to make.
- Our commitment to racial equity and inclusion is evidenced by our demonstrated actions to address the unique housing needs of Black Indigenous People of Color and other marginalized groups. We intentionally develop and manage affordable housing that addresses the needs of historically marginalized and disenfranchised populations.
- We celebrate and encourage diversity in all forms and promote equity and inclusion through our practices policies systems and behaviors.
- Our commitment to diversity equity and inclusion is embedded in all aspects of our work. We intentionally create an inclusive environment where our internal team our external clients and our contracted service providers are valued and supported.
Required Experience:
Manager
Employment Type
Full-Time
