Development Project Manager (LIHTC Underwriter)
4 days ago
Yonkers
Job description: We are actively seeking a dynamic and seasoned Senior Development Project Manager for our Development team. The ideal candidate will be a strategic thinker, problem-solver, and a team player with a deep understanding of financial underwriting and project management. Key Responsibilities: • Oversee the preparation and review of detailed financial underwriting, feasibility studies, and investment analyses for new and existing projects; provide executive-level recommendations on deal structure and financial strategy., • Implement and coordinate all tasks required to close on acquisition, construction, and permanent financing., • ·Serve as the primary point of contact for financial institutions, public agencies, attorneys, title companies, architects, contractors, and community partners to ensure successful collaboration and project execution., • Provide project management during construction, including preparing requisitions, tracking expenditures, and maintaining project documentation., • Review and approve construction progress reports, meeting minutes, and project correspondence to maintain transparency and accountability with senior leadership and key stakeholders., • Collaborate with internal design teams and external architectural and engineering consultants to maintain project schedules and budgets., • Work closely with the Construction team on projects where the organization serves as both developer and general contractor., • Oversee major capital improvement projects for existing real estate developments, incorporating sustainable and energy-efficient design practices., • Assist with the preparation of RFPs, RFQs, and subsidy applications for funding and development opportunities., • Support the identification and evaluation of new development sites, including feasibility and predevelopment analyses., • Maintain compliance with all regulatory, financial, and organizational requirements throughout each project., • Ensure that all projects are delivered on time, within scope, and within budget., • Provide guidance and mentorship to junior development staff, fostering professional growth, accountability, and collaboration within the team Qualifications: • Bachelor’s degree in real estate, finance, construction management, or related field., • Prior work experience in the field of housing development., • Minimum of 5 years of experience in real estate development, construction, or related industry., • Experience with low-income housing tax credits (LIHTC), underwriting, project management, modeling, submittals, and preconstruction., • Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint., • Strong attention to detail, organizational skills, and ability to work independently., • Excellent written, oral and presentations skills., • Ability to analyze large datasets and draw meaningful conclusions using statistical methods and modeling techniques., • Capable of conducting thorough market analysis to assess feasibility and identify risks., • Innovative thinking to tackle challenges in project planning and execution., • Strong analytical and critical thinking skills to address challenges in data integrity, integration, and process improvement., • Works independently and can manage multiple projects simultaneously., • Good teamwork and collaboration skills., • Excellent communication skills for presenting complex data to stakeholders. Working Conditions: You will be based in the corporate headquarters in Yonkers, New York with travel to various project worksites.