Development Associate

Summary

The Development Associate will assist the Development Lead in managing various aspects of real estate and infrastructure projects, including entitlements & permitting, construction oversight, leasing/tenant coordination, feasibility & due diligence, sales & marketing, project performance oversight, supervisory responsibilities, document organization, and more. The position requires knowledge and skills in internal relations, external relations, reading & comprehension, correspondence, teamwork, direction setting, accountability, problem solving, independence, carrying out instructions, adaptability, critical thinking, and prior experience in industrial and/or data center development is preferred.

Requirements

• Internal Relations: Responds to common inquiries from stakeholders such as investment team members, accounting staff, etc., including top management
• External Relations: Effectively presents information to regulatory agencies, public groups and/or business owners and other stakeholders in public speaking formats
• Reading. & Comprehension: Analyzes and interprets technical materials, financial reports, legal documents and memos and shares important details with Development Lead
• Correspondence: Effectively communicates in correspondence and reporting
• Teamwork: Works well within development team, other CIM departments and with 3rd parties
• Direction Setting: Works with team to translate strategies into team goals and objectives
• Accountability: Usually willing to take share of responsibilities for team actions and makes personal adjustments when necessary
• Problem Solving: Defines problems, collects data, establishes facts, draws valid conclusions and provides logical recommendations. Solves problems when necessary. Thinks critically and creatively
• Independence: Works independently with some supervision of Development Lead. Shows initiative on 'projects within projects'. Has begun learning responsibilities of Development Lead
• Carry Out Instruction: Applies common-sense understanding to carry out instructions from Development Lead and other departments when appropriate. Demonstrates self-awareness. Takes initiative in asking questions. Learns on the job
• Adaptability: Maintains positive outlook through situations or challenges requiring negative or rapid change
• Critical Thinking: Thinks critically and creatively to solve problems, make decisions, and improve processes

Responsibilities

• Assist Development Lead with the day-to-day management duties from acquisition through pre-development, pre-construction, construction, closeout, and pre-operation phases of the project(s) assigned
• Entitlements & Permitting: Secure the appropriate approvals, certifications, permits, etc. from city and other government agencies
• Construction Oversight: Understand construction concepts, building sequence, contracting methods, building materials and construction documentation
• Leasing / Tenant Coordination: Correspond with Leasing Team regarding Landlord Work Letter and Delivery requirements. Track Tenant Improvement progress and review requests for Allowance Disbursements
• Feasibility & Due Diligence: Works with the Investment Deal Team(s) to procure accurate due diligence information and produce feasibility analyses of potential acquisitions within the short due diligence timeframe
• Sales & Marketing: Assists in the development and direction of sales and marketing campaigns with internal sales/leasing team, marketing communications, and 3rd-party vendors. Makes meaningful contributions during these campaigns
• Reporting: Provides reports related to project status to Development Lead, Investments Deal Team, etc. Evaluates project performance, recommends changes where necessary to ensure desired results. Monitors and reports project status to investors, lenders, joint ventures, quasi-public partnerships and the like
• Budget Oversight: Prepares and tracks development budget related to assigned projects. Ensures milestones are met within budget. Understands controllable costs and risks. Notifies Development Lead of any observed potential cost increases
• Schedule Oversight: Tracks project timelines, ensures milestones are met on time by notifying Development Lead of potential delays
• Document Organization: Manages project documents including approvals, agency releases/declarations/determinations, easements, covenants, tract maps, construction documents, A/E design and engineering plans/specs, contracts/change orders, closeout documentation. Maintains project and/or management files according to established criteria. Shares and uploads documents and communication on General Contractor's project management website. Oversees project related document distribution to 3rd parties and own version control
• Invoicing: Reviews and approves (as first approver) invoices, vendors, etc. entered by PC or project accountant in a timely manner
• Buyout: Oversees creation of bid documents and scope of work preparation in order to ensure bidders are pricing a comparable scope of work. Prepares bid comparison spreadsheets for team review and selection
• Contract Negotiation: Assists in negotiating and drafting contract terms and scope with design consultants, contractors, and other vendors. Demonstrates success selecting optimal vendors

Benefits

• CIM does not discriminate based on race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate
• CIM is an equal opportunity employer and prohibits any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate