Career Opportunities

Associate Vice President

Cory Executive Recruiting - Los Angeles, CA

Do you want to do something meaningful that lasts? Do you value helping people and community connectivity? Are you a leader with strong people management skills?

As an Associate Vice President, you’ll be working full-time in Southern California alongside a diverse group of professionals whose primary goal is to build affordable housing for underserved communities. Under the direction of the Senior Vice President, Development, the Associate Vice President (Associate VP) performs a wide variety of tasks including supervising and mentoring housing development staff, providing strategic direction and oversight on development projects, advancing new development projects, developing and executing on financing plans. This position requires the skills of an advanced Senior Project Manager, personnel supervision skills, and the ability to assess and manage project-level and organizational risk.

Associate Vice Presidents have strong skills in strategic planning, communication, speaking, writing, collaboration, team management, risk management, and project management.

Where you come in

  • You will supervise and mentor 2-3 development staff, which will include a combination of Project Management Associates, Project Managers, and Senior Project Managers (“project team”). You will define, review and monitor performance expectations of assigned development staff; make recommendations to the SVP, Development, regarding promotion and merit increases for development staff.

  • You will be in partnership with the SVP, Development, continually assess staffing plans and ensure that direct reports to the Associate VP have an individual development plan. You will maintain a supportive team environment and implement team building/learning opportunities and support the SVP in identifying ongoing staff training needs.

  • You will provide strategic direction and oversee the development projects of the assigned project team. You will provide project-level support and guidance to emerging project managers as they transition from the Business Development Team to the Real Estate Team. In relation to those projects: you will oversee all acquisitions (where applicable), financing, design, construction, and conversion activities of project managers. You will oversee all elements of project financing. This includes the following expectations:

    • Direct research on potential sources of project funding and work with project managers and financial consultants to develop a funding strategy for projects in development and obtain approval from SVP, Development.

    • Ensure that the building program, financing plan, and operating budget/reserves meet company standards. Ensure standard business processes are followed where inter-department coordination and document approval is required, including operating budgets.

    • Ensure that project budgets and critical path schedules are updated at least quarterly and with accuracy for review and provided to SVP, Development for reporting to the Board of Directors.

    • Proactively support project management staff in creating, preparing, and presenting Request for Project Approval memos to the Project Review Committee and/or full Board of Directors, ensuring that projects adhere to the approved Board-approved project thresholds.

    • Proactively identify areas of corporate risk and coach the project team in developing solutions to mitigate those risks, and elevate to SVP, Development for review and strategic direction.

    • Support and assist the project team in the preparation of funding applications. Serve as critical application reviewer to ensure accuracy, prior to final review by SVP, Development, and submittal of application.

    • Ensure project managers are adhering to Risk Management Protocols

    • Support project managers in closing the financing for the development, including negotiations with lenders and investors to ensure execution of all necessary documents by SVP, Development in a timely manner. Elevate issues to SVP, Development, upon document review with legal counsel, in order to obtain strategic direction.

    • Ensure proforma accurately reflect project expenses and financing plan is up to date and accurate so that decisions during predevelopment and construction can be made efficiently.

    • Support project managers in proactively managing projects to their critical path schedule, ensuring that milestones are achieved or, when necessary, that schedule deviation and any potential developer fee impacts are communicated early to SVP, Development. Support and coach project managers in identifying potential schedule conflicts and triaging project tasks as necessary.

    • Assist project managers in process and method (RFP or other) to select project team members (consultants, General Contractor, etc) and make recommendations to SVP, Development for final approval.

    • Assist project managers in the negotiation of all contracts as needed, elevating questions and issues to SVP, Development as needed.

    • Support project managers in identifying key construction cost drivers, and participate in value engineering activities in order to contain costs. Ensure project design and any resulting value engineering, is consistent with company design guidelines.

    • Ensure project managers are managing change order and contingency logs during construction, and working proactively with third-party Construction Managers, to anticipate potential cost concerns. Coach project team to troubleshoot construction-related issues and mitigate potential risks, including developer fee risk.

  • You will be a cross-departmental leader and guide project managers to build strong internal relationships:

    • Work in cross-functional teams to diagnose problems and develop, implement and maintain solutions, including using or updating internal processes and procedures.

    • Ensure coordination with other company departments using Asset Improvement Method (AIM) process and standard business processes.

  • When required, you will directly manage 1 or 2 complex affordable housing development projects.

  • You will support project management staff with community engagement work; when needed, attend neighborhood and community meetings in lieu of SVP, Development. You will serve as a liaison/ambassador between the company and key partners and community stakeholders.

  • You will participate in working groups with regional and statewide trade associations to provide recommendations for regulatory and/or programmatic changes with various local and state financing programs. You will support SVP, Development with specific policy analysis and/or advocacy efforts. 

  • You will support SVP, Development in building strong relationships with government agencies, joint developer partners, lenders, and investors. You will represent the company at industry-wide events and speaking engagements, as appropriate.

What it takes to succeed

1. Strategic Planning

  • You have the capacity to exercise considerable independent judgment over typical entitlements, financing, construction, and design issues

  • You have the ability to structure complex public and private debt financing and equity for affordable housing development projects

  • You have the capacity to work productively under pressure

2.Communication (both internally and externally), speaker, and writer

  • You have well-developed oral, written, and public speaking skills

  • You have the capacity to assess risk, develop mitigations, and communicate the same

3. Collaboration (internally and externally)

  • You have demonstrated the ability to work effectively on teams, particularly cross-functional inter-departmental teams

4. Team management (strong people management)

  • You have an aptitude to supervise staff, particularly to mentor

  • You are able to work with and lead a wide variety of individuals and groups

5. Project Management

  • You have a high degree of initiative and independence

  • You have well-developed analytical and negotiation skills

Desired skills and preferred qualifications

  • You have substantial experience with and knowledge of local and state financing programs and regulatory requirements

  • You have substantial experience with and knowledge of design and construction issues often encountered in multifamily affordable housing development.

  • You have a bachelor’s degree and 8 or more years of affordable housing experience, including developing affordable housing projects financed with low-income housing tax credits or tax-exempt bonds.

  • You have a master’s degree in city planning, architecture, business or a related field that can be substituted for one year of experience.

Compensation

  • $130K - $160K; commensurate with experience

  • Benefits include health and dental insurance, long-term disability insurance, voluntary retirement plan, free parking, vacation and sick leave, and a 9/80 work schedule.





Compensation: $130,000.00 - $160,000.00



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