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    Director, Real Estate Finance - Detroit, United States - Olympia Development of Michigan

    Olympia Development of Michigan
    Olympia Development of Michigan Detroit, United States

    3 weeks ago

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    Description
    Job Summary:

    The Director, Real Estate Finance will have responsibility for strategic analysis, investment opportunity evaluation and the execution of acquisitions, underwriting, partnerships and financings for Olympia Development of Michigan.

    This leader will operate in the following asset classes: office, retail and multi-family residential. They will support public/private partnerships, ground up and rehabilitation development and urban development.

    Key areas of focus:
    • Actively engage in strategic planning, portfolio management, analysis and modeling of real estate investments and managing/driving budgets.
    • Provide guidance to achieve performance goals, debt reduction plans and other strategic priorities for the District Detroit.
    • Provide recommendations to capitalize on opportunities, minimize risks and ensure financial stability.
    • Provide leadership and direction on all areas of real estate finance and fiscal processes.
    This position requires the business and financial acumen to handle complex and confidential situations while balancing multiple responsibilities and influencing key stakeholders.

    Key Responsibilities:
    • Analyze and recommend direction on project feasibility, investment decisions, budgets and returns, and capital strategy.
    • Build and maintain complex financial models for multi-phase, mixed-use developments and analyze investment opportunities based on funding structures and underwriting assumptions.
    • Work with analysts to provide financial and market analysis to help formulate development plans for individual projects as they come forward.
    • Understand and evaluate deal structures, including joint ventures, general partner, limited partner and promote direction depending on value creation, equity contribution, debt guarantee, and other relevant market factors.
    • Establish and enhance relationships with banking and finance partners in the local, regional and national market.
    • Manage loan origination, term negotiations and loan closings for various products including construction loans and term loans from various lender types.
    • Manage construction loan draw process as needed.
    • Assist in the development of financing structures including debt, equity and incentives for individual projects. Understand the impact and interplay of individual project capital stacks to the entire real estate portfolio.
    • Maintain and oversee a reliable cash flow projection process and reporting system to aid in short-term and long-term capital planning, including an understanding of by-project sources and uses.
    • Develop and manage process and procedures and assume oversight responsibility for key financial databases and reporting software (i.e., Argus Enterprise, Yardi, eBuilder).
    • Report investment returns and financial results directly to the both the SVP, District Detroit and SVP, Finance.
    • Provide effective leadership and management oversight to the real estate finance team. Ensure appropriate level of financial staff. Take active role in financial staff/leadership development and succession planning.
    • Lead and develop the finance team to embody organizational core values, build strong relationships across the organization and be a value-added partner.
    • Ensure high-quality processes are in place to support the business needs and objectives, and that processes are continuously improved.
    • Ensure the priorities and actions of the finance team are in alignment with stated goals and objectives.
    • Proactively manage financial capital.
    • Conduct meaningful, proactive analysis and/or reporting to communicate financial results and to improve key business decisions. Assess and evaluate the financial performance regarding operational goals, budgets and forecasts, as well as new business initiatives, development projects, or service offerings. Monitors key performance indicators to drive performance results. Provides insight and recommendations as appropriate.
    • Develop and recommend financial strategy consistent with the execution of business objectives.
    • Ensure timely and accurate analysis of budgets, financial trends, and forecasts along with support for executive leadership.
    • Ensure compliance with internal control processes.
    • Communicate capital requirements and financial implications of business decisions to the SVP, District Detroit and SVP, Finance and other executive leaders, as appropriate.
    • Develop strong partnerships and lines of communication with executive leadership team members to ensure cross-functional work is fully supported from a financial perspective.
    • Remain up-to-date and knowledgeable on practices, standards, interpretations, laws, rules, and procedures related to real estate development.
    Minimum Knowledge, Skills and Abilities:
    • Bachelor's degree in Accounting/Finance or related field; MBA preferred.
    • Minimum of 10 years of related experience (with minimum of 5 years in a management role) in finance working in the mixed-use real estate development industry segment.
    • Strong experience in finance, accounting, contracts, budgets and cost control principles. Knowledge of federal and state financial regulations. Ability to analyze financial data and prepare financial reports, statements and projections.
    • Highest level of integrity and honesty to report to the SVP, Finance and other executives in an open and unbiased manner.
    • Demonstrated experience with handling and maintaining highly confidential information in a discreet manner without breach of confidentiality.
    • Strong intellectual capacity, critical and analytical thinker; possesses a fact-based approach to the analysis of business problems and opportunities. Displays executive presence, seasoning and maturity.
    • Highly motivated and results oriented leader of both people and projects, who can attract and develop talent.
    • Verifiable track record of assisting business and finance leaders in understanding and improving cost structures, increasing profitability, and capitalizing on growth opportunities in the marketplace.
    • Experience with tax issues, standards, financial systems and controls. Range of technical skills and experiences, including joint ventures, development agreements, business transactions etc.
    • Exceptional communication and facilitation skills with ability to present financial information in both verbal and written formats to all levels of management.
    • Ability to manage multiple projects simultaneously with superior attention to detail.
    Working Conditions:
    • This position will work in an office environment and will visit outdoor locations and travel at times.
    The physical demands and work environment characteristics described here are representative of those a colleague encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    All items listed above are illustrative and not comprehensive. They are not contractual in nature and are subject to change at the discretion of Olympia Development of Michigan.

    Olympia Development of Michigan is an Equal Employment Opportunity employer. All qualified applicants will receive consideration for employment without regards to that individual's race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender identity, age, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.

    The Company will strive to provide reasonable accommodations to permit qualified applicants who have a need for an accommodation to participate in the hiring process (e.g., accommodations for a job interview) if so requested.

    PRIVACY POLICY


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