Job Summary: The Senior Vice President, Development (“SVPD”) is responsible for leading and driving development work throughtout Cinnaire's footprint. The SVPD works closely with the President of Cinnaire Solutions and other Cinnaire Business Leaders on all matters related to the organization’s real estate development work and manages and coordinates the implementation of development projects. A primary role of the SVPD is to grow talent of the diverse and skilled team throughout its multistate geography.
Essential Responsibilities:
- Maintain track record of successful project completion on or ahead of schedule, on budget, with maximum financial return, highest quality, and greatest community impact – including the ability to effectively communicate with and manage a third-party team.
- Works with President and CSC Board to set strategic direction.
- Supports and leads Cinnaire’s 5-year strategic plan, balancing growth, profit, and mission, with focus on impact and sustainability.
- Supports, trains, and grows talent on the team – development managers, development associates, asset manager, and design development specialist.
- Point on soliciting and maintaining debt and equity relationships, including but not limited to Cinnaire. Cinnaire recognizes that it does not have unlimited capital and will have to fill the needs of the pipeline with outside resources.
- Oversees timely and efficient progress on its projects and working closely with unrelated development partners toward successful and profitable completion.
- Provides leadership, guidance, and supports teams of highly skilled consultants, architects, general contractors, attorneys, accountants, and consultants.
- Supports project packages for investors and lenders and public financing, including project grants. Point on capital sourcing – equity and debt.
- May lead or “pilot” new development opportunities in addition to other functions, particularly Wisconsin.
Qualifications and Skills:
- Prior experience developing real estate required – successful applicant will demonstrate competencies in sourcing, shaping, funding, constructing, and stabilizing real estate transactions with a minimum of six representative developments.
- Four years’ experience in real estate analysis preferred.
- Experience in developing feasibility analyses, creating and managing pro formas, monitoring project budgets and timelines required.
- Knowledge of real estate development best practices related to multi- and single-family affordable housing development and innovative neighborhood planning and community revitalization strategies required.
- Development of multifamily development required.
- Commercial real estate development preferred.
- Direct management experience preferred. Indirect management experience required.
- Experience with and working understanding of various CDFI and industry tools (grants, LIHTCs, NMTCs, CDBG, HOME, FHLB-AHP, historic credits, and energy credits) preferred.
- Experience with ESRI, GIS and Adobe Creative Cloud beneficial.
- Bachelor or Master degree in real estate, legal, paralegal, business, or similar degree preferred.
Key Competencies:
- Perseverance: Accept uncertainty by remaining focused and engaged on assignments; look for plausible solutions to difficult problems.
- Resource Optimization: Apply knowledge of internal structures and existing talent to accomplish a goal.
- Big Picture Perspective: See beyond a specific business area and consider the broader strategic initiatives of the organization.
- Inclusion Awareness: Identify the benefits and advantages of harnessing the collective insights of various individuals in the organization.
- Leadership Development: Coach and develop others by seeking to understand their strengths and development areas.
Reporting Relationship: Reports to President, Cinnaire Solutions
Supervisory Relationship: Associate Development Manager and Senior Development Analyst
Physical Requirements:
- The ability to work at a computer for extended periods of time.
- The ability to travel
Travel Required: 20 – 30%
Benefits Offered: Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.
Cinnaire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, status as a Vietnam-era or disabled veteran or any other characteristic protected by law. Cinnaire complies with all applicable federal, state, and local laws, regulations and ordinances prohibiting employment discrimination. Cinnaire is committed to the full inclusion of all qualified individuals. As a part of this commitment, Cinnaire is dedicated to providing access, and reasonable accommodation in its services, programs, activities, recruitment and employment for qualified individuals with disabilities.
