Associate Developer

This position assumes exposure to and participation in all aspects of multi-faceted real estate development projects - both market-rate and affordable - from inception through construction completion and lease-up. This individual is responsible for timely and accurate support to an in-house team of Developers,SeniorDevelopers andRegional Vice Presidents. This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors. Most follow up will be their responsibility. Each Associate Developer simultaneously participates in multiple projects in varying stages of development. This position demands strong financial skills, meticulous accuracy in all work and effective written and oral communication.Pay Range: $80,000 - $90,000/yr + bonus#IND123Financial modeling to determine the economic feasibility of a projectDrafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQsParticipation in building strong public private partnershipsWorking with municipalities to ensure good communicationPreparation of professionalPowerpointpresentations for both large and small groups of financiers, municipalities, and community constituents for the purpose of marketing Pennrose Properties to groups that could be potentially skeptical and occasionally adverseTimely follow-up of land-development approval processCoordination of legal matters as directed by the Team LeaderWorking knowledge of all site-control documentation, loan agreements, equity documents, and partnership agreementsCoordination of architectural and engineering matters under the direction of the Team Leader for proposed developmentsCreation of realistic project schedulesDevelopment of realistic project budgetsInterfacing with contractors and other professionals to build proposed developmentsIn-depth involvement in coordinating the lease-up of completed developments with full flow of information concerning limiting criteriaMaintenance of calendarsScheduling and coordinating the logistics for all development meetingsComplying with all provisions of the Pennrose Properties personnel policiesPerformanceMetrics :Work product including components of RFPs submissions, 8609 submissions, NPDS, funding applications, draw down packages and other project related documents is prepared with high level of accuracy, attention to detail and delivered on a timely basis.Demonstrated financial skills through the production of budgets andproformasfor throughout the development process.Project development goals are met within established timeframes.Organized and systematic management of project development checklists, scheduled (employing technology tools) to close within established time and within the budget.Required Education and Experience:BA or BS in Finance, Real Estate, Business or related field is requiredMaster’s Degree or at least 3 years of work experience is requiredSolid real-estate knowledge baseStrong analytical abilityExceptional verbal and written communication skillsExpertise in composing on-message PowerPoint presentationsConsiderable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtfulDiscretion in handling confidential informationDemonstrated organizational skills, including the ability to set priorities in concert with the development teamAbility to work independentlyDemonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadershipDemonstrated understanding of projectproformasfor both market-rate and public housing developmentsExperience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resourcesProficiency in Outlook, Microsoft Office including Word and ExcelDemonstrated punctuality and respect for other’s timeAccuracy - with an attention to detail - and speed in task executionStrong work ethic and exceptionally high work standardsMaturity, good judgment and professionalismRequires a valid driver’s license, an insured vehicle, and the ability to travel (between properties, on-call emergencies, training, etc.)Working Conditions:Ability to work periodic flexible hours is required. Ability to travel by plane and automobile is required.Ability to work at property locations within or near transitional neighborhoods - again with the support of PMC.Ability to climb stairs, take elevators, bend, squat and reachover head.

Created: 2025-10-04