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Job Title : Senior Development Project Manager(Rochester's Cornerstone Group)
Date Posted : September 17, 2020
Type :

Description :

Rochester’s Cornerstone Group, Ltd. is looking to add a Senior Development Project Manager to our Development Team. Rochester’s Cornerstone Group (RCG) has been recognized as a two-time consecutive winner of RBJ’s Excellence in Construction and Real Estate Award, as well as a winner of the 2020 Top Work Places Award in Rochester. RCG provides competitive wages, a generous benefit package, and an exciting and collaborative work environment. For additional position requirements, see the job description below.

JOB DESCRIPTION

Summary: 

The Senior Development Project Manager will lead the entire development process of affordable residential properties, from concept to permanent financing. Utilizing exceptional management skills, this position leads both internal support staff and the external development team to meet deadlines. This requires strong organizational skills, critical thinking, problem solving, strong oral and written communication skills and an excellent attention to detail to face ever-changing priorities. 
Essential Functions:
Project Predevelopment:
• Understanding the NYS LIHTC and related funding applications, determine areas of opportunities and programs for housing needs in a variety of communities.
• Build strong relationships with non-profit partners, service providers, funding agencies, and other development partners and enter MOUs and contracts with them
• Conduct financial feasibility analyses by reviewing the potential sources of funds and uses of funds and create both the project development and operating budget.
• Obtain local approvals and site control by working closely with various municipalities and overseeing submissions to zoning and site plan review boards by architects and engineers.
Project Funding Application:
• Oversee the preparation of market studies, appraisals, environmental studies, and all other requirements needed by funding applications
• Obtain and summarize necessary community needs documentation
• Work with banks, investors, attorneys, and funding agencies and provide them the documents they need to receive funding commitments.
Finance Closing, Project Monitoring:
• Oversee the construction closing by communicating with funders, partners, and attorneys, ensuring all their requirements are met and keeping the timeline on schedule.
• Represent RCG at construction meetings and resolve issues related to schedule, local permits, third-party professionals’ responsibilities, and funding requirements.
• Formally approve construction hard and soft cost draws, and coordinate construction change orders with the goal of keeping the project on budget and on time.
Permanent Closing and Occupancy
· Keep property management informed of the project and expected c of o date with the goal of maximizing the equity upward adjustors.
· Oversee the permanent closing process, once the project is completed, making sure that all funders, investors, and attorneys’ requirements have been met and documentation has been satisfied.
· Ensure that a smooth transition as Property Management assumes responsibilities for the completed project
Mental and Physical Demands:
• Experiences frequent interruptions; required to meet inflexible deadlines; requires concentration and attention to detail; requires ability to problem-solve; requires a high level of organizational and prioritization skills
• Requires ability to maintain confidentiality of information received
• Required to sit for prolonged periods; exposed to visual display terminal for prolonged periods; dexterity and precision required in the operation of a computer
• Ability to lift up to 25 pounds
Supervisory Responsibilities:
• This position may assist in the supervision of associate level staff
Core Competencies/Qualifications:
· Commitment to the Company’s mission
· BS degree in Real Estate Development or related field
· Minimum of 3 years of real estate development experience, finance, banking, or law. NYS financed LIHTC project development experience preferred
· Working comprehension of development and operating budgets
· Ability to read, write, speak, and communicate effectively
· Strong leadership and organizational skills · Ability to problem-solve, independently, at all levels
· Demonstrated skill in correct grammar, spelling, and English usage
· Ability to establish and maintain effective relationships with co-workers, administrative team, and the public
· Skilled in Microsoft Word, Excel and Outlook
Compensation:
The salary is commensurate with experience and includes a generous benefits package.
To Apply:  Please send resume and cover letter to HR@rcgltd.net.

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