The Opportunity
Macdonald & Co. has been exclusively retained by a developer of Affordable Housing, Mixed-Income and Large Scale Public Housing Projects, to appoint a Senior Vice President of Development, who will lead their efforts in the Southeastern United States.

This is the oppportuntiy to launch an office in this region. This candidate can be based anywhere in the Southeast.
As such, candidates are eligible to work from home until a time arises where they feel appropriate to hire a local team.

Current Project Pipeline consists of deals under development & construction in Virginia, Tennessee, South Carolina and North Carolina.

The SVP will be a 'hunter gatherer' tasked with leading delivery of existing pipeline of projects, as well as utilizing firms track record, nationally, to source new deals in the Southeastern United States; consisting of Georgia, North & South Carolina, Virginia and Tennessee.

On Offer:

• Opportunity to join a high-growth, nationally renowned real estate developer, in a newly created Regional Executive/Leadership role.
• Industry-leading base salary and incentive-based compensation.
• 15-Days PTO, 10 recognized Holidays, and Volunteer Time Off.
• Employee sponsored Aetna PPO Medical plan, and sponsored Dental & Vision plan.
• HSA, HRA, FSA, Life, AD&D & Supplemental Life Insurance.
• Short-Term & Long-Term Disability.
• 401(k) & Profit Sharing.

Duties and Responsibilities:

• Assist with site selection and manage initial due diligence and feasibility analysis for potential development opportunities.
• Communicate with brokers, property managers, owners, consultants, government/regulatory agencies as necessary to assist in sourcing of new deals
• Assist with underwriting efforts for development projects throughout the Southeastern United States.
• Perform financial analysis and modeling, verification of income and expense assumptions, and evaluation of capital structures and financing scenarios.
• Maintain familiarity with the federal LIHTC program, Qualified Allocation Plans, and other funding sources. Assist with preparation of tax credit applications and coordinating responses to the state agency. 
• Assist in the preparation of funding applications, performing closing due diligence, circulating documentation to debt & equity financing and providing updates to capital partners as needed.
• Solicit proposals and manage services provided by design professionals and consultants. Oversee preparation of feasibility reports and construction documents.
• Confirm requirements and manage the processes for obtaining municipal approvals for rezoning and variance request, plats, site plans, permits, etc.
• Participate in communication with Construction Staff and Contractor. Assist in the confirmation of development cost, establishment of construction budgets and finalizing construction contracts.
• Represent Owner/Developer during construction. Monitor construction progress and timelines. Assist with review, information gathering and other problem-solving during construction.
• Coordinate preparation of monthly payment applications and draw request.
• Coordinate with investors and lenders for reporting and capital installments during construction period
• Other development related tasks as needed and directed by senior staff.

Qualifications

• Bachelor's degree is required.
• Real estate development or finance experience required.
• LIHTC/affordable housing development experience preferred.
• The successful candidate will have 7+ years of experience in a management of developments in addition to financial analysis and modeling skills with an ability to summarize and communicate complex ideas succinctly
• Strong quantitative aptitude with an extremely high level of attention to detail and a strong sense of personal responsibility and ownership of work product
• Excellent personal and organizational skill sets.
• Ability to summarize complex issues and opportunities into succinct and actionable deliverables.
• Solid understanding of economic and business concepts.
• Highly driven and hard working with high standards for themselves and others.
• Demonstrated interest in continuing their career focused on affordable housing real estate development.
• Desire to work in a transaction-based environment where requirements and tight deadlines are often dictated by deal flow.
• Highly proficient in MS Excel (advanced proficiency required), Project, Word, and PowerPoint, as well as Google Earth.