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Associate, Development

Company: JBG SMITH Properties
Location: Bethesda
Posted on: May 3, 2021

Job Description:

Overview

JBG SMITH owns, operates, develops, and invests in a portfolio of over 20 million square feet-with another 16.6 million square feet in our development pipeline-all concentrated in attractive submarkets in the Washington, DC region. Our creativity and scale enable us to be more than owners-we are placemakers who shape inspiring and engaging places, which we believe create value and have a positive impact in every community we touch.

From asset management and development to property operations and leasing, every decision we make at every property aligns with our overarching disciplined strategy of fostering growth and working to maximize value. Our culture of quality and customer service is entirely focused on ensuring that we serve our key customers: satisfied tenants and residents.

We are determined, innovative, competitive, and laser-focused. Our consensus-driven culture is rooted in collaboration and participation-inspiring innovation from every corner of our company. And we recognize and reward performance at all levels. As a result, our company is a magnet for top-tier talent, which we believe ensures a bright and prosperous future for our employees and our company.

We are seeking experienced real estate professionals with a proven track record of excellence that have demonstrated the leadership skills necessary to manage complex urban development projects. This position is largely responsible for the day-to-day management of all aspects of development projects from beginning to end with direct accountability for project execution. An associate will work the larger Development Team to maximize value throughout the development process including acquisition, financing, zoning/entitlements, design, permitting, construction, leasing, delivery and disposition. Accordingly, Associates will encounter a variety of roles ranging from high- level decision making to maintaining detailed project coordination and organization.

Responsibilities

  • Develop project vision, development programs, business plans and financial models; Monitor and evaluate project performance against the baseline business plans and financial models.
  • Manage and obtain project entitlements and permits, including meetings with the community and municipalities to negotiate outstanding issues and obtain necessary approvals.
  • Oversee the scope, RFP and contracting process for architects, engineers, contractors, and other project vendors and consultants.
  • Effectively coordinate and manage consultants and contractors throughout the development process.
  • Assist in preparing financial and market feasibility analyses for projects
  • Track project schedules and monitor progress and delays.
  • Prepare and monitor project budgets, including preparation of monthly capital calls, loan draw packages and lender and/or investor reports.
  • Review consultant and contractor invoices for accuracy and compare to applicable proposals/contracts.
  • Manage development and financial analysts working on the project, as well as other internal resources and staff.
  • Coordinate, manage and lead project design and construction meetings.
  • Identify potential project risks and develop mitigation strategies.
  • Provide regular project reporting internally and to project investors, partners and lenders

Qualifications

  • Bachelor's Degree in related field
  • MBA or Masters in Real Estate preferred
  • 3-5 years of relevant work experience required, development experience is preferred; prior urban mixed-use experience preferred
  • Demonstrated ability to work both independently and within a larger, collaborative team
  • Proven leadership skills needed to manage internal staff, consultants and development team
  • Strong quantitative background in development, including financial feasibility analysis, design, financing, permitting, construction, and project management
  • Knowledge of development fundamentals; including the process, proforma, design, financing, permitting, construction, and project management;
  • Must possess attention to detail, confidentiality, integrity, and the ability to maintain a high level of professionalism in a fast-paced dynamic environment
  • Excellent communication skills including the ability to make public and internal presentations and write investment memoranda
  • Passion for real estate development
  • Proven entrepreneurial skill

JBG SMITH is committed to hiring and retaining a diverse workforce. We are an Equal Opportunity Employer, making decisions without discrimination on the basis of race, color, religion, sex, national origin, age, veteran status, disability, sexual orientation, genetic information or any other protected class, in accordance with applicable law.

Keywords: JBG SMITH Properties, Bethesda , Associate, Development, Other , Bethesda, Maryland

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