Development Associate - Los Angeles, United States - CIM Group

Description

CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today

The Development Associate will assist Development Lead with the day-to-day management duties from acquisition through pre-development, pre-construction, construction, closeout and pre-operation phases of the project(s) assigned. Begin taking lead on "projects within projects".

CORE RESPONSIBILITIES:

• PROJECT MANAGEMENT BY PHASE
• Entitlements & Permitting: Has begun taking the lead, under AVP/VP supervision, to secure the appropriate approvals, certifications, permits, etc. from city and other government agencies. Coordinates meetings with DBS, as necessary, to overcome plan check hurdles.
• Construction Oversight: Understands construction concepts, building sequence, contracting methods, building materials and construction documentation.
• Leasing / Tenant Coordination: Corresponds with Leasing Team regarding Landlord Work Letter and Delivery requirements. Tracks Tenant Improvement progress and review requests for Allowance Disbursements.
• Feasibility & Due Diligence: Works with the Investment Deal Team(s) to procure accurate due diligence information and produce feasibility analyses of potential acquisitions within the short due diligence timeframe.
• Sales & Marketing: Assists in the development and direction of sales and marketing campaigns with internal sales/leasing team, marketing communications, and 3rd-party vendors. Makes meaningful contributions during these campaigns.
• PROJECT PERFORMANCE OVERSIGHT
• Reporting: Provides reports related to project status to Development Lead, Investments Deal Team, etc. Evaluates project performance, recommends changes where necessary to ensure desired results. Monitors and reports project status to investors, lenders, joint ventures, quasi-public partnerships and the like.
• Budget Oversight: Prepares and tracks development budget related to assigned projects. Ensures milestones are met within budget. Understands controllable costs and risks. Notifies Development Lead of any observed potential cost increases.
• Schedule Oversight: Tracks project timelines, ensures milestones are met on time by notifying Development Lead of potential delays.
• SUPERVISORY RESPONSIBILITIES
• Talent Management & Development: Oversees Analysts' and Project Coordinators' work activities related to projects.
• Vendor Management: Oversees staff-level contractors, subcontractors and vendors related to day-to-day activities. Provides recommendations and feedback during hiring of vendors and contract negotiations.
• DOCUMENT ORGANIZATION
• Project Documents: Manages project documents including approvals, agency releases/declarations/determinations, easements, covenants, tract maps, construction documents, A/E design and engineering plans/specs, contracts/change orders, closeout documentation. Maintains project and/or management files according to established criteria. Shares and uploads documents and communication on General Contractor's project management website. Oversees project related document distribution to 3rd parties and own version control.
• Invoicing: Reviews and approves (as first approver) invoices, vendors, etc. entered by PC or project accountant in a timely manner.
• Buyout: Oversees creation of bid documents and scope of work preparation in order to ensure bidders are pricing a comparable scope of work. Prepares bid comparison spreadsheets for team review and selection.
• Contract Negotiation: Assists in negotiating and drafting contract terms and scope with design consultants, contractors, and other vendors. Demonstrates success selecting optimal vendors

KNOWLEDGE AND SKILLS:

• Internal Relations: Responds to common inquiries from stakeholders such as investment team members, accounting staff, etc., including top management. "Manages up" well.
• External Relations: Effectively presents information to regulatory agencies, public groups and/or business owners and other stakeholders in public speaking formats.
• Reading& Comprehension: Analyzes and interprets technical materials, financial reports, legal documents and memos and shares important details with Development Lead.
• Correspondence: Effectively communicates in correspondence and reporting.
• Teamwork: Works well within development team, other CIM departments and with 3rd parties.
• Direction Setting: Works with team to translate strategies into team goals and objectives.
• Accountability: Usually willing to take share of responsibilities for team actions and makes personal adjustments when necessary.
• Problem Solving: Defines problems, collects data, establishes facts, draws valid conclusions and provides logical recommendations. Solves problems when necessary. Thinks critically and creatively.
• Independence: Works independently with some supervision of Development Lead. Shows initiative on "projects within projects". Has begun learning responsibilities of Development Lead.
• Carry Out Instruction: Applies common-sense understanding to carry out instructions from Development Lead and other departments when appropriate. Demonstrates self-awareness. Takes initiative in asking questions. Learns on the job.
• Adaptability: Maintains positive outlook through situations or challenges requiring negative or rapid change.
• Critical Thinking: Prioritizes key questions, problems and assumptions needed for decision-making. Recognizes key cause and effect factors. Draws conclusions that will prevent problems in the future

What CIM offers

CIM offers an enriched benefits program as well as a wide range of resources for eligible employees to thrive both inside and outside of work. Some of our benefits include:

-Medical, dental, and vision

-Company-subsidized Health Savings Account

-Company paid life & disability

-Pre-tax savings accounts

-401(k) match

-Competitive vacation policy

-Additional voluntary benefits

-Paid time off for community service

-Paid Parental Leave: Up to 12 weeks

Actual base salary considers several factors, including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Los Angeles, CA, is $100,000-$140,000.

HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

CIM Group is committed to bringing together humans from different backgrounds and perspectives, providing employees with a safe and welcoming work environment free of discrimination and harassment. We strive to create a diverse & inclusive environment where everyone can thrive, feel a sense of belonging, and do impactful work together. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the EEOC and are dedicated to going above and beyond in fostering diversity across our workplace.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

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CIM does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of CIM and no fees will be due or paid. If you wish to become an approved Agency with CIM or any of its Affiliates, please contact a member of the CIM Talent Acquisition Team.