Assistant Developer

This entry-level position provides exposure to and participation in all aspects of multi-faceted real estate development projects from inception through construction completion and lease-up.  The Assistant Developer is expected to provide administrative support as a participant on the development team. The Assistant Developer will gain access to the development process by providing administrative support to the development team, by providing timely and accurate support to the development team. This individual will gain exposure to external team of financiers, architects, designers, engineers and contractors.  Each Assistant Developer simultaneously participates in multiple projects in varying stages of development.  This position expects strong financial skills, meticulous accuracy in all work and effective written and oral communication.

Pay Range: $65,000 - $70,000 + Bonus Depending on experience

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Duties and Responsibilities 

• Coordination of project meetings, responsible for meeting logistic and preparation 
• Timely preparation of quality correspondence, applications, proposals and reports  
• Drafting, editing, assembling, and finalizing - under the direction of the Team Leader - multiple, professional RFPs and RFQs 
• Preparation  of professional PowerPoint presentations 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 adverse 
• Creation of project schedules 

• Timely follow-up of land-development approval process 
• Handling phones, mail and e-mail correspondence with professional efficiency and courtesy 
• Copying and accurately filing of documents  
• Setting up and maintaining hard-copy and electronic project files 
• Maintaining an organized office 

• Supporting the demands of the developers’ fast-paced meeting and travel schedule  
• Juggling multiple projects and assignments simultaneously with a crisp yet cheerful demeanor and always exercising good judgment 
• Preliminary financial modeling and market analysis and due diligence to determine the economic feasibility of a project 
• Professional responsiveness to developers’ business needs 
• Discretion in handling confidential information  

• Commitment to organizational excellence  

Additional responsibilities: 

• Operation of all office equipment 

• Utilization of UPS, Fed Ex and US Mail accounts and supplies 
• Other duties as assigned 

Performance Metrics 

• Administrative tasks are well prioritized and accomplished thoroughly and accurately, and appropriate questions are asked as needed for successful completion.  
• Follow-up to requests from Team leaders, Owner is responsive, clear, concise and on target, and delivered within established timeframes.  
• Work product including preparing components of RFPs submissions, funding applications, and other project-related assignments, is prepared with high level of accuracy, attention to detail, and adheres to project timelines.  
• A consistent building of knowledge of all the aspects of the development process and demonstrated application of knowledge to assignments.  
• Positive feedback from internal and external stakeholders.

Required Education and Experience: 

• BA or BS required. A strong desire in pursue a career in real estate development. 
• Solid real-estate knowledge base 
• Strong analytical ability 
• Exceptional verbal and written communication skills 
• Expertise in composing on-message PowerPoint presentations  

• Considerable inter-personal skills including the ability to establish and maintain effective working relationships with others; being both responsive and thoughtful 
• Discretion in handling confidential information 
• Demonstrated organizational skills, including the ability to set priorities in concert with the development team  
• Able to work independently 
• Demonstrated ability to work under pressure exercising sound judgment, prioritizing demands and responding with composure to a fast-paced environment with high-energy leadership 

• Demonstrated understanding of project proformas for both market-rate and public housing developments 
• Experience in filing applications requesting Low Income Housing Tax Credits, Federal Home Loan Bank Affordable Housing Program funds and soft resources is a plus; but no required.  
• Proficiency in Outlook, Microsoft Office including Word and Excel 
• Demonstrated punctuality and respect for other’s time 
• Accuracy – with an attention to detail -  and speed in task execution 

• Strong work ethic and exceptionally high work standards 
• Maturity, good judgment and professionalism 
• Requires 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 reach over head.