Development Manager

Development Manager - On Site at the Corporate Office, San Diego, CA

Job Details

Founded in 1975, CONAM Management operates in 10 states, across 26 key metropolitan markets, supporting over 60,000 apartment units of both affordable and conventional housing. Our growing team of over 1,700 associates is dedicated to maintaining and enhancing the quality of life for our residents. At CONAM, we foster a collaborative, team-oriented culture where our associates thrive and are valued for their expertise and commitment.

We are looking for an energetic, forward thinking, resourceful candidate. The Development Manager will provide support to the Development team in analyzing new development opportunities, providing cost/financial analyses on new and ongoing developments, managing project budgets, administering contracts, performing market research, compiling project data, and maintaining/updating analytical tools. The Development Manager position works out of our San Diego Corporate Office five days a week.

The candidate must be local to San Diego. This is a Full-Time Position | Salary Range: $130,000-$140,000.

• Responsible for supporting the Executive Vice President of Development (EVP) analyzing new development opportunities and assisting with project management of active development projects.
• Actively participate, and lead as needed, in project meetings and other activities.
• Prepare, maintain, and report on budgets, schedules, and other critical metrics for project management.
• Organizes consultant procurement and negotiates agreements with selected consultants.
• Support design and construction decisions in close coordination with third-party consultants (i.e., Architects, Engineers, etc.); and participates in construction administration.
• Prepare project proformas and manage throughout the development process.
• Prepare meeting agendas and meeting minutes as necessary.
• Compile and analyze data required for new and ongoing developments.
• Assist in developing projections, dashboards, reports, and presentations on the impact of new development projects. Provides recommendations on projects.
• Assist with ordering and summarizing third party reports.
• Assist with collecting and disseminating due diligence.
• Support real estate development team with capital projections, and other reporting functions.
• Assist with coordination between development team, accounting, and 3rd party capital partners Support the TA Team with communication to active candidates during the hiring process to ensure continued interest and to address and anticipate issues.
• Responsible for maintaining all financial trackers for department, with daily updates.
• Responsible for coordination of spreadsheets and trackers documenting talent pipeline by posting job ads through job boards, social media, state employment agencies, professional associations, and employee referral programs.
• Evaluate applications, review resumes, complete initial phone interviews, create offer letters in support of the TA team and to cover team absence.

• Support EVP of development in evaluating, underwriting, and recommending new development opportunities.
• Perform all underwriting responsibilities including financial analysis, market research, and due diligence.
• Monitor market and submarket fundamentals including supply and demand fundamentals, lease comps, and sales comps.
• Review and measure forecasting for new and ongoing projects.
• Compilation of due diligence information including financial, market, demographic, site, federal, and state regulatory data.
• Researching and analyzing a variety of sources such as general plans, ordinances, court decisions, legal documents, and articles for use in determining highest and best use of multi-family development projects.

• Monitor market and submarket fundamentals including supply and demand fundamentals, lease comps, and sales comps.
• Support EVP of development in identifying new development opportunities.
• Communicate with brokers and other points of contact regarding opportunities.

• Communicate findings and recommendations in a professional, thorough…