What are the responsibilities and job description for the Development Manager position at COPAKEN BROOKS LLC?
Job Details
Description
Copaken Brooks, LLC is a full-service commercial real estate firm headquartered in Kansas City and serving the Midwest. The company’s full suite of services includes investment acquisition and sales, tenant representation and HQ relocations, property management, asset management, development, owner’s representation, and leasing (office, retail, medical, industrial, and underground). We have 100 years of proven experience in playing a major role in where millions of people go to work, shop, and live.
Purpose of Position:
Primarily responsible for supporting management of projects during the Pre-Development and Development phases including the following functions;
- Pre-Development Phase - Development project delivery/support (which may include, feasibility, entitlements, financial analysis, pre-construction /design/construction, delivery),
- Development Phase - Management oversight/quality assurance/coaching of CB Development staff as well as consultant and project teams outside of CB.
The balance of time between these two functions should be split approximately 20% Pre-Development and 80% Development, but may fluctuate at periods of time due to project demand. This position is based out of our downtown Kansas City office.
This Position will support CB on;
- Projects where CB controls the development site and will be an investor, and
- Projects where CB is acting in a third-party capacity as Owner’s Representative.
Typical Duties – Pre-Development Phase - Development Project Delivery/Support:
- From project inception, support CB VP’s and/or Principals in the following;
- Develop market studies, due diligence, and deal feasibility analysis for project viability
- Development of deal entitlement strategy and approach
- Update total project budget to assist in financial analysis/proformas
- Provide quality assurance (QA) and approval on construction management cost estimates for financial analysis/proformas
- Facilitate transition to design, construction and delivery phase of the project.
Typical Duties – Development Phase – Design/Construction Oversight, QA & Delivery:
- From time of financial commitment support CB VP’s and/or Principals in the following;
- Day-to-day management of contractors, architects, engineers, legal, construction specialists in the on-time and on-budget delivery of the project
- Preparation of RFP responses and proposals
- Review of documents necessary for section of architects/vendors/contractors/
subcontractors, negotiate agreements/contracts, and acquire required permits/licenses for construction
- Administer/monitor detailed construction management budget, schedule and contingency plan
- Monitor & update construction management project schedule, budget and contingency plan to minimize risk and maximize investor return
- Attend/support OAC meetings and document CB/Owner obligations
- Prepare periodic construction project management delivery reports and present to owners/investors
- Review and recommend approve/disapprove Design/Build-related project expenditures
- Periodically update internal operations improvement opportunities (processes, reports)
Essential Job Function:
A highly professional, resourceful, organized, detail-oriented, multi-tasking and project-minded person who thrives within a fast-paced industry and organization.
Work Relationships:
This position reports to Development Principal. This position will also interact with other CB Principals and management, as well as key external project constituents (civic, investor, professional).
Qualifications
Minimum Skills (Hard):
- Bachelor’s Degree required in Real Estate, Business, Finance, Architecture, Urban Design, Planning or other related area. Master’s degree preferable. At least 5-7 years work experience with an emphasis in commercial real estate development and finance. Construction management experience is also a requirement.
- Proven experience with Development/Construction projects in commercial real estate and track record of successfully supporting deals from feasibility to delivery
- Familiarity with developing and evaluating project feasibility, conceptual design cost estimates, due diligence, deal structuring, risk assessments, team selection, and financial analysis
- Familiarity in pre-Construction pricing, feasibility analysis, and coordination
- Familiarity with municipal incentives/inducements (Mo. & Ks.) such as, historic tax credit processes, TIF, tax abatement, LIHTC etc.
- Proficiency in project management, project evaluation, budgeting, cash flow forecasts, execution, construction loan draws, and close-out
- Ability to create, analyze and understand financial reports and spreadsheets
- Excellent written and oral communication skills, including presenting to civic/project leaders
- Computer literacy, including proficiency in Microsoft Office (Word, Excel, Project, PowerPoint, Outlook), Argus and other programs which may be required
Minimum Skills (Soft):
- Ability to work collaboratively with others to achieve team objectives
- Ability to effectively multi-task, prioritize tasks, and meet tight deadlines as determined by your supervisor.
- Excellent time and organization skills; ability to handle pressure in order to successfully manage issues, multiple projects and make timely decisions to meet deadlines
- Proven problem solving skills with ability to accurately assess and quickly shift priorities
- Support team efforts to present to project owners, as well as at detailed level with delivery team
- Enthusiastic, positive attitude, motivated to learn and teach, with a strong work ethic; works well with people, and in a professional and expedient manner exhibiting patience and diplomacy
- Attend local industry/civic meetings no less than monthly.
Physical Requirements:
- Stationary work on a desktop computer – 35% to 40% of the time
- Working in the field near or job site – 45% to 50% of the time
- Networking and Community Engagement – 10% to 20% of the time.