Development Associate

Job Description

Development Associate

Position Type:

Full time

Weekly Scheduled Hours:

40

State:

California

City:

San Francisco

Zip Code:

94105

Total Base Pay Range:

$78000.00 - $130000.00

Overview:

Vivmark Residential exists to set the mark for what home can be. Formed through the merger of AvalonBay Communities and Equity Residential Vivmark brings together two industry leaders with a shared commitment to excellence innovation and delivering exceptional living experiences. Our vision is to be the most trusted and best-performing rental housing company in America - one that continues to get better as it grows. And were looking for people who want to help us do it.

As an owner developer and manager of more than 180000 apartment homes in major markets across the US we have the scale to offer something most companies cant. At Vivmark team members move up and across functions markets and disciplines building lasting careers. We invest in team members growth development and capabilities that make them and us better and we hold ourselves to the highest standard as an employer.

The best people want to work here. We hope youre one of them.

The Role:

Vivmark Residential is seeking a Development Associate to support project management and execution across active multifamily development projects. This role works closely with the rest of the regional Development team and cross-functional partners to support project budgeting financial analysis consultant coordination design reviews construction activities and investment reporting.

The Role

The Development Associate will contribute to projects throughout the development lifecycle from initial site evaluation and due diligence through construction and project closeout. The ideal candidate is analytical highly organized and comfortable managing multiple priorities while collaborating with internal teams and external partners.

Work Schedule

The current work schedule requires employees to be onsite Monday through Thursday with the option to work remote on Fridays.

Responsibilities

• Support project management activities across active development projects tracking project milestones deliverables budgets and key priorities.
• Prepare and maintain Development Review Updates (DRUs) and Development Cost Reports (DCRs).
• Develop maintain and track project soft-cost budgets monitoring expenses and identifying variances.
• Assist in preparing Management Investment Committee (MIC) packages.
• Coordinate consultant and vendor selection processes including managing requests for proposals bid evaluations and related documentation.
• Manage consultant contracts and support bidding processes to ensure appropriate documentation and coordination throughout project execution.
• Support due diligence market research financial analysis and feasibility assessments for prospective development opportunities.
• Obtain and analyze demographic economic and market data for existing and prospective development opportunities.
• Maintain development pipeline information and coordinate with Market Research to support market evaluations and development planning.
• Support construction coordination with the Development team helping track project progress schedules budgets and outstanding items.
• Assist with furniture fixtures and equipment (FF&E) selection procurement and budget tracking.
• Support Project Asset Teams throughout the development lifecycle coordinating information and facilitating collaboration among project stakeholders.
• Support design and drawing reviews with architects and consultants helping track comments revisions and outstanding items.
• Research entitlement pathways zoning requirements and applicable state housing streamlining laws for prospective development sites.
• Coordinate site tours and prepare supporting materials for executive and investor visits.
• Track deal closeouts including abandoned pursuit write-offs documentation and final project file organization.
• Research competing developers and owner-operators in target markets to support competitive analysis and development strategy.
• Perform additional responsibilities as needed to support the Development team and organizational objectives.

Qualifications

• Undergraduate degree required.
• 1 to 5 years of relevant experience in real estate construction finance development design operations or investment is preferred.
• Strong analytical skills and the ability to evaluate financial market and project-related information.
• Demonstrated organizational and project management skills including the ability to coordinate multiple assignments deadlines and stakeholders.
• Proficiency in Microsoft Office particularly Excel and PowerPoint.
• Strong written and verbal communication skills with the ability to prepare reports presentations and project documentation.
• Attention to detail and the ability to maintain accurate budgets records and project information.
• Ability to work collaboratively with internal teams consultants vendors and other external partners.
• Willingness to travel occasionally to development and construction sites.

Core Competencies

• Analytical and Financial Acumen
• Project Management and Coordination
• Organization and Attention to Detail
• Communication and Collaboration

How Vivmark Supports You:

We know that our teams are the beating heart of our success and we re committed to showing our appreciation.

We offer:

• A competitive benefits package that supports your health financial well-being and work-life balance including medical dental and vision coverage a 401(k) with company match paid vacation and company holidays and exclusive team member housing discounts.

Additional Info:

Vivmark Residential is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live we must recruit develop and retain associates with a wide range of backgrounds experiences and perspectives and create an environment that encourages all voices to be heard understood and appreciated. With this we know we can do great things.

Vivmark Residential makes employment decisions without regard to a person s race ethnicity color religion sex national origin sexual orientation gender identity pregnancy (including childbirth lactation or related medical conditions) age physical or mental disability genetic information (including characteristics or testing) citizenship status military or veteran status or any other status protected by the law.

Vivmark Residential will consider for employment qualified applicants with criminal histories in a manner consistent with requirements under the law.

Applications are being accepted on an ongoing basis.

Vivmark Residential does not require or request that you provide any information that identifies your age date of birth or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application.

For California residents if you elect to apply to Vivmark Residential you accept the Vivmark Residential California Personnel Privacy Notice ( Fees Notice & Recruitment Fraud Disclaimer:

Vivmark Residential is aware that there is recruitment fraud activity whereby scammers impersonate Vivmark Residential and offer fake employment opportunities to candidates. These scammers often seek to obtain personal information or money from candidates.

Please note that Vivmark Residential will never charge any candidate a registration fee hiring fee or any other fee in connection with its recruitment and hiring process. If you suspect that you are being contacted by a scammer impersonating our company please report it immediately to our official HR Department ().

Required Experience:

IC