Hybrid Senior Development Manager – Commercial Real Estate, Community Development Banking

Posted 7 hours ago

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About the role

  • Senior Development Manager overseeing project selection and investment underwriting for community development banking. Collaborating with JV partners and internal teams across various US locations.

Responsibilities

  • Oversee project selection, investment underwriting, and execution for community-based real estate investments
  • Manage relationships with existing Joint Venture Sponsors and identify new opportunities
  • Originate and assess new direct and construction JV projects for non-tax credit multi-family investments
  • On-going management of investments in conjunction with portfolio management teammates
  • Effectively communicate with JV partners regarding equity investment and development risk
  • Coordinate with Risk, Finance, Legal, and internal teammates to ensure processes are followed and monitored
  • Partner with CDB and CREB teams to plan, deliver, and scale national projects and initiatives

Requirements

  • 10+ years of experience in real estate finance
  • Strong understanding of multi-family finance and underwriting
  • Proven ability to work collaboratively with outside counsel in deal structuring
  • Adept at reviewing and interpreting detailed Excel equity investment models
  • Strong negotiation and communication skills
  • Ability to proceed independently and work collaboratively within a team
  • Demonstrated leadership ability
  • Bachelor’s degree or advanced credentials (MBA, MPA, JD, CPA) strongly preferred

Benefits

  • Health insurance
  • 401(k) matching
  • Paid time off
  • Discretionary incentive eligible
  • Employee assistance programs

Job title

Senior Development Manager – Commercial Real Estate, Community Development Banking

Job type

Experience level

Senior

Salary

$85,100 - $190,000 per year

Degree requirement

Bachelor's Degree

Location requirements

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