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Senior Development Manager

Company: New Level Resources
Location: Alhambra
Posted on: May 5, 2021

Job Description:

Senior Development ManagerABOUT USThe Ratkovich Company (TRC) is a mission-driven real estate development company located in downtown Los Angeles, California. Our mission is to profitably produce developments that improve the quality of urban life. Since its founding, TRC has developed over 18 million square feet of real estate and we have achieved property valuations of over $2.7 billion since 1999. To learn more about TRC, visit our website at ABOUT THE ROLEThe Senior Development Manager (SDM) is responsible for the development, asset, and strategic management of The Alhambra, an approximately 1,000,000 square foot horizontal office campus located on 39 acres and consists of 925,000 square feet of office space, a 50,000 square foot LA Fitness, and an 18,000 square foot retail center. This position is an in-office position located in Alhambra, California, which is 6 miles east of downtown Los Angeles in the San Gabriel Valley. ESSENTIAL FUNCTIONS, DUTIES, AND RESPONSIBILITIESThe SDM will be directly involved in the entitlements, leasing, development, and financing of the project. The SDM will serve as the liaison between The Ratkovich Company and the project's investors and lender, local government, the community, and project tenants. The SDM is responsible for all issues relating to entitlements and matters associated with the existing and proposed uses on the property. The SDM is also responsible for project leasing, including term sheet and lease negotiations and managing the third-party leasing team. In addition, the SDM is responsible for the financial analyses related to project-level returns and specific leasing and development matters, and strategic planning related to increasing investor returns. The SDM must be familiar with the terms and conditions of both the debt and joint venture agreements related to the project and ensure that all obligations are timely met. The SDM will work closely with property management in connection with day-to-day property operations, capital improvements, tenant improvements, and budgeting. The SDM will also work with property management in the preparation and execution of the annual budget and business plan. Finally, the SDM will participate in the preparation of all lender and investor reporting and ensure that reporting is performed accurately and in accordance with the appropriate timelines. The SDM will have a variety of responsibilities, which may develop over time, and may undertake other tasks that are assigned by management. EDUCATION, EXPERIENCE AND MINIMUM QUALIFICATIONS, SKILLS AND PERSONAL CHARACTERISTICSEducation:

  • Bachelor's degree from an accredited four-year college required.
  • MBA or master's degree with a concentration in Financial Planning, Financial Analysis, or Project Planning is a plus.Experience and Minimum Qualifications:
    • Minimum of 10 years of prior development, project, or asset management or similar experience is required, including at least 5 years of experience leading a team.
    • Class-A office (500,000+ square feet) development, project, or asset management experience is required.
    • Complex residential entitlement experience is strongly preferred.
    • Retail development, project, or asset management experience is strongly preferred.
    • Acquisitions, financing, and related due diligence experience is a plus.Skills and Personal Characteristics:
      • Strong and positive leadership, motivation, and managerial skills, which include establishing and maintaining a team-oriented work environment that encourages innovation and constructive dissent.
      • Effective interpersonal communication skills, with ability to express complex ideas effectively and efficiently to target audiences.
      • Ability to work independently and with minimum oversight.
      • Proven ability to be flexible, prioritize and manage multiple projects while delivering on a deadline.
      • Effective listening and negotiation skills with the ability to negotiate office and retail leases and complex agreements.
      • Office tenant improvement or capital improvement construction/project management experience is a plus.
      • Advanced MS Office skills, including Excel, PowerPoint, and Word is strongly preferred.
      • Prior Yardi and Argus Software experience is a plus. PERKS
        • Open door policy with direct access to senior management.
        • Independent and entrepreneurial workstyle that allows employees to heavily impact business.
        • Competitive salary and discretionary bonus commensurate with experience and education.
        • Competitive benefits package, including medical, dental and vision benefits, voluntary insurance program, flexible spending accounts, and 401k plan. OTHER REQUIREMENTSA physically demanding job is one where the incumbent is required to stand for extended periods of time, lift heavy objects on a regular basis, do repetitive tasks with few breaks, and so forth. The SDM's role will require walking, talking, standing, reaching, pushing, pulling, lifting, grasping, hearing, repetitive motions, and visual acuity. As such requirements are described as Medium Work (exerting up to 50 lbs. of force occasionally, and/or up to 20 lbs. of force frequently, and/or up to 10 lbs. of force constantly to move objects). SCHEDULE
          • Monday through Friday 8:30 a.m. to 5:30 p.m.
          • Occasional weekday and weekend evening for community events.
          • General flexibility with evening, weekends, and holidays when required. TRC is an equal opportunity employer.PM20

Keywords: New Level Resources, Alhambra , Senior Development Manager, Executive , Alhambra, California

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