Job SummaryMacdonald & Company are pleased to have been exclusively retained by one of their best clients to find and appoint a Managing Director of Multifamily Development to spearhead growth of their pipeline in Austin & San Antonio, the role will be based out of Austin, TX.
The Managing Director is responsible for development of new multifamily communities in an assigned geographical area. This position is also responsible for advising and assisting the Senior Managing Director with the pursuit of profitable and sound development opportunities.
•Identifies development opportunities then executes and manages the pre-development feasibility assessment, acquisition, design, development, assets, and disposition of the property.
•Oversees the development and construction of a property, including negotiating land contracts, entitling sites, developing budgets, and developing construction schedules.
•Ensures current cash flow and long-term market value of existing assets is maximized.
•Maintains relationships with brokers, land sellers, homebuilders, and investors.
•Interviews, hires, trains, and supervises Development Associates in assigned region.
•Participates in Company-provided training such as fair housing, safety, non-discrimination, and harassment prevention.
•Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.
Education and/or Experience
•Bachelor’s degree required. Degree in Business, Finance, Real Estate, or other related field is preferred for this position.
•Minimum of seven-to-ten years’ experience in Multifamily real estate, development, or finance.
•Ability to read, write, understand, and communicate in English.
•Ability to use personal computing devices and has advanced knowledge of email, Microsoft Word, and Excel.
•Excellent interpersonal skills; ability to relate to others.
•Professional verbal and written communication skills.
•Strong organizational and time-management skills.
•Ability to perform advanced mathematical and accounting functions.
•Ability to read and comprehend financial statements, such as profit and loss statements, general ledgers, and budgets.
•Must be a strategic visionary with sound technical skills, analytical ability, good judgment, and strong operational focus.
•Must be proactive, self-directed, and highly motivated.
•Must have strong leadership ability.
•Ability to successfully delegate.
•Ability to multi-task.
•Ability to make quick and effective decisions.
•Ability to analyze and resolve problems.
•Ability to negotiate, influence, and gain consensus.
•Ability to manage a team.
•Ability to train.