Senior Manager, Development

About TruAmerica Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping, and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC), and is the youngest manager in the NMHC Top 50. Today, TruAmerica has over 60,000 units in 25 high-growth markets and approximately $16 billion of assets under management. Objective The Senior Manager, Development operates as part of the Development team and is responsible for the successful management and execution of all aspects of residential development, with an emphasis on the predevelopment process. Reporting to the Senior Managing Director, Development, this position will play a key role as the company's day-to-day point person in the management of the pre-development, design, and permitting process of multifamily residential projects, and will play a supporting role in the oversight of construction and lease-up. This person will typically manage two to three projects in various stages of development, working in close collaboration with senior management. Primary responsibilities include hiring and managing consultants, overseeing project design, entitlements, and permitting, managing budgets and schedules, preparing project progress reports, and coordinating with accounting, asset management, and senior management to ensure successful execution of the project business plan and investment objectives. Secondary responsibilities include supporting the Acquisitions team in site analysis, due diligence, and creating budgets, proformas, and business plans for new development opportunities. Tasks and Responsibilities Cross-Functional Relationships and Accountability • Responsible for management and coordination of elements of entitlement, design, engineering, permitting, and construction through the development process. • Manage the entitlement process: direct the design team, supervise land use and environmental consultants, and interact with community stakeholders, City staff, and elected officials in order to obtain necessary approvals. • Manage design consultants, including architects and engineers. Oversee the project permitting process. • Evaluate how site conditions, zoning, utilities, engineering, and construction factors affect the economics of projects and the feasibility of Conditions of Approval, and recommend mitigations or design changes as appropriate. • Establish, manage, and maintain accurate development schedules and budgets; manage and communicate projected vs. actual budget reconciliation and cash flow projections; proactively work to resolve issues and potential issues to keep development projects on time and on budget. • Responsible for updates to leadership, including regular job status reports, budget tracking, reporting, and analysis. Monitor billing, cost controls, and project accounting with the Accounting team. • For LIHTC projects, manage consultants and coordinate with the Accounting team to submit successful tax credit applications, complete applications for local project subsidies, and ensure timely submittal of tax credit compliance documents upon project completion. Work with nonprofit and service partners to plan for delivery of resident services. • Partner with the Acquisitions team in building accurate development budgets, schedules, and critical paths for new projects; participate in the feasibility analysis, due diligence, and closings of land acquisitions. • Support the Accounting team in construction loan closings and monthly loan draw processes. • When necessary, support the construction team in obtaining final sign-offs on Conditions of Approval for Certificates of Occupancy, final maps, bond releases, etc. • Support the construction and property management teams in punch-list completion, property management handoff, and operations start-up. • Work with property management and key vendor partners to ensure the project is designed appropriately to support efficient operations. • Pre-negotiate key vendor Service Agreements such as fitness equipment leasing or purchase, cable and internet, EV charging, trash, and utilities submetering. • Analyze project financials and variance reports to ensure maximum profitability. • Prepare and review budgets; monitor costs to ensure projects are completed on time and within budget. • Update job knowledge by remaining aware of new regulations, participating in educational opportunities, reading professional publications, maintaining personal networks, and participating in professional organizations. People Management • Create an environment and culture that focuses on fulfilling the company's mission, vision, and values. • Ensure performance-related issues are addressed and reach resolution; evaluate performance objectively with a focus on driving the business and results. Development and Effectiveness • Coordinate with the business unit's leadership to execute the agreed-upon plans and objectives of the company. • Manage and maintain a trusted and capable network of external partners to ensure continuous success of the company's strategic plan relative to each local market, including architects, engineers, design consultants, etc. • Continuously seek to improve the company's reputation in terms of product innovation, quality, customer service, operational excellence, and overall execution in the local market. Abilities & Qualifications • 7+ years of experience in real estate project management or a related field, with direct experience in multifamily and/or land development. Candidates with project management experience as an owner/developer's representative are preferred. Strong candidates with a successful track record of project management in architecture, engineering, or construction, as well as a strong financial background, will also be considered. • Bachelor's Degree in Real Estate, Finance, Architecture, Civil Engineering, Construction Management, Business Administration, or other related programs. Master's Degree preferred but not required. • Highly self-motivated and driven to meet commitments and deadlines. • Able to multi-task and manage several ongoing projects in an organized and efficient manner. • Intermediate knowledge of Microsoft Office (Excel, Word, PowerPoint). • Experience with project management tools such as Microsoft Project and/or Smartsheet preferred. • Exceptional verbal and non-verbal communication skills. Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Ability to sit for up to 10 hours per day. • Ability to move freely around the office for up to 10 hours per day. • Ability to communicate verbally and in writing. Compensation The base salary range for this role is $140,000.00 to $160,000.00. This position is also eligible for a discretionary bonus. Applications are accepted on an ongoing basis until the position is filled. Equal Opportunity Employer TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, gender