Cimgroup2mo ago

Associate, Development

New YorkFull Timemid

OtherDevelopment

0 views0 saves0 applied

Apply Now

Quick Summary

Key Responsibilities

Oversees Analysts' and Project Coordinators' work activities related to projects. Vendor Management: Oversees staff-level contractors, subcontractors and vendors related to day-to-day activities.

Requirements Summary

Works with the Investment Deal Team(s) to procure accurate due diligence information and produce feasibility analyses of potential acquisitions within the short due diligence timeframe.

Technical Tools

OtherDevelopment

ABOUT CIM GROUP:

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 900+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today!

Assists Development Lead with the day-to-day management duties from acquisition through pre-development, pre-construction, construction, closeout and pre-operation phases of the project(s) assigned. Begin taking lead on "projects within projects".

Entitlements & Permitting: Has begun taking the lead, under AVP/VP supervision, to secure the appropriate approvals, certifications, permits, etc. from city and other government agencies. Coordinates meetings with DBS, as necessary, to overcome plan check hurdles.

Construction Oversight: Understands construction concepts, building sequence, contracting methods, building materials and construction documentation.

Leasing / Tenant Coordination: Corresponds with Leasing Team regarding Landlord Work Letter and Delivery requirements. Tracks Tenant Improvement progress and review requests for Allowance Disbursements.

Feasibility & Due Diligence: Works with the Investment Deal Team(s) to procure accurate due diligence information and produce feasibility analyses of potential acquisitions within the short due diligence timeframe.

Sales & Marketing: Assists in the development and direction of sales and marketing campaigns with internal sales/leasing team, marketing communications, and 3rd-party vendors. Makes meaningful contributions during these campaigns.

Reporting: Provides reports related to project status to Development Lead, Investments Deal Team, etc. Evaluates project performance, recommends changes where necessary to ensure desired results. Monitors and reports project status to investors, lenders, joint ventures, quasi-public partnerships and the like.

Budget Oversight: Prepares and tracks development budget related to assigned projects. Ensures milestones are met within budget. Understands controllable costs and risks. Notifies Development Lead of any observed potential cost increases.

Schedule Oversight: Tracks project timelines, ensures milestones are met on time by notifying Development Lead of potential delays.

Responsibilities

~1 min read

→Talent Management & Development: Oversees Analysts' and Project Coordinators' work activities related to projects.

→Vendor Management: Oversees staff-level contractors, subcontractors and vendors related to day-to-day activities. Provides recommendations and feedback during hiring of vendors and contract negotiations.

Project Documents: Manages project documents including approvals, agency releases/declarations/determinations, easements, covenants, tract maps, construction documents, A/E design and engineering plans/specs, contracts/change orders, closeout documentation. Maintains project and/or management files according to established criteria. Shares and uploads documents and communication on General Contractor's project management website. Oversees project related document distribution to 3rd parties and own version control.

Invoicing: Reviews and approves (as first approver) invoices, vendors, etc. entered by PC or project accountant in a timely manner.

Buyout: Oversees creation of bid documents and scope of work preparation in order to ensure bidders are pricing a comparable scope of work. Prepares bid comparison spreadsheets for team review and selection.

Contract Negotiation: Assists in negotiating and drafting contract terms and scope with design consultants, contractors, and other vendors. Demonstrates success selecting optimal vendors.

Bachelor's degree required. Master’s degree may be considered for length of experience.

Length of Experience: At least five years of relevant experience, including focus in project management, depending on project.

Project Experience: Demonstrates experience in conceptualizing, site planning, programming and executing development of mixed-use, office, retail and multi-family projects.

Market Knowledge: Seeks out market information internally and externally. Takes advantage of professional development opportunities that will provide access to industry insider's opinions.

Internal Relations: Responds to common inquiries from stakeholders such as investment team members, accounting staff, etc., including top management. "Manages up" well.

External Relations: Effectively presents information to regulatory agencies, public groups and/or business owners and other stakeholders in public speaking formats.

Reading & Comprehension: Analyzes and interprets technical materials, financial reports, legal documents and memos and shares important details with Development Lead.

Correspondence: Effectively communicates in correspondence and reporting.

Teamwork: Works well within development team, other CIM departments and with 3rd parties.

Direction Setting: Works with team to translate strategies into team goals and objectives.

Accountability: Usually willing to take share of responsibilities for team actions and makes personal adjustments when necessary.

Problem Solving: Defines problems, collects data, establishes facts, draws valid conclusions and provides logical recommendations. Solves problems when necessary. Thinks critically and creatively.

Independence: Works independently with some supervision of Development Lead. Shows initiative on "projects within projects". Has begun learning responsibilities of Development Lead.

Carry Out Instruction: Applies common-sense understanding to carry out instructions from Development Lead and other departments when appropriate. Demonstrates self-awareness. Takes initiative in asking questions. Learns on the job.

Adaptability: Maintains positive outlook through situations or challenges requiring negative or rapid change.

Critical Thinking: Prioritizes key questions, problems and assumptions needed for decision-making. Recognizes key cause and effect factors. Draws conclusions that will prevent problems in the future.