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Development Associate

Salary
Competitive
Employment
Full Time
Work Place
Part Remote
Real Estate Field
  • Project Management
Location
Chicago
 IL
Postal Code
60604
Country
United States

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Description


The Organization
IFF is a mission-driven lender, real estate consultant, and developer that helps communities thrive. Key to our success has been a deep sense of purpose, a broad perspective, and a relentless focus on achieving positive results. Across the Midwest we help clients from every sector, including human service agencies, health centers, schools, affordable housing developers, and healthy food grocery operators. Staff contribute extensive business experience and an unrivaled connection to the mission of IFF to the clients we serve.

IFF is looking for candidates with a commitment to the work we do who can demonstrate their creativity, diligence, enthusiasm, growth-mindset, thoughtfulness, and passion to make meaningful change in the areas of economic and racial justice.

Our staff of more than 100 professionals works from our Chicago headquarters, and we also serve the Midwest from six regional offices: Indianapolis, IN; Detroit, MI; Kansas City, MO; St. Louis, MO; Columbus, OH; and Milwaukee, WI with Grand Rapids, MI and Cleveland, OH, offices opening in 2021.

Basic Job Function
The Development Associate is an active team member who supports projects conceptualized and managed by Lead Developers. The Development Associate can work on 6-8 projects simultaneously, participates in departmental planning meetings for projects, is an active Development Team member and supports the work of the Managing Directors, Development as needed.

Job Duties and Responsibilities:
  1. May assist in the coordination of all aspects of project management, meeting project goals and milestones defined by Lead Developers.
    1. Coordination of third-party site visits (architects, contractors, other real estate professionals).
    2. Coordinates and facilitates community engagement process.
    3. Coordinates predevelopment due diligence for buildings and land (survey, environmental, appraisals, securing construction estimates, etc.).
    4. Packaging project funding applications, gathering and tracking project-specific data, reporting and updating project summaries.
    5. Assists in closing due diligence.
    6. Willing to take direction and keep team members appraised of progress through.
  2. Assists in construction draw (pay application) process, working with lenders, partners, contractors and title company.
  3. Communicates with project funders, municipalities and stakeholders to advance projects and/or determine project viability.
    1. Assists in securing project funding through gathering of specific data, coordinating reports and preparing application materials.
    2. Coordinates financial closings of projects.
  4. Provides organizational support, document control and note taking for the development projects.
  5. Demonstrates independent learning and interest in development projects and processes.
  6. Performs other duties as assigned.

Performance Measures:
  1. Successful completion of projects according to goals set forth for each project.
  2. High level of internal and external client satisfaction with respect to services provided, attention to detail and reports produced.
  3. Builds and maintains effective working relationships with colleagues, and obtains a high level of colleague satisfaction with respect to work performed.
  4. Internal and external meetings are facilitated in an organized way and are meaningful to the participants. Outcomes of these meetings are analyzed and well presented.
  5. Written and oral presentations are clear, well organized, comprehensive and persuasive. Communicates effectively with wide range of diverse audiences across the Midwest. Appropriate supporting material and visual aids are well utilized and enhance the presentation.
  6. Cultivates a culture of openness in information sharing. Encourages open communication, cooperation, and the sharing of knowledge.
  7. Models personal accountability that promotes ownership and engagement.
  8. Values and supports differences in others, contributing to an inclusive work environment. Demonstrates the ability and willingness to communicate effectively with people of diverse backgrounds and experiences to create a collaborative, collegial, and caring community

Position Qualifications:
Education: Bachelor’s Degree required, preferably in urban planning or studies, business or finance. A demonstrated interest in real estate development and project management is an acceptable equivalent to specific degrees above

Special Knowledge & Skills:
  1. General knowledge of real estate development projects and process.
  2. Basic knowledge of affordable housing programs, community development, charter schools, or early childhood education preferred.
  3. Analytical and strategic skills; ability to plan, manage and implement multiple and complex projects; and ability to understand and conceptualize project goals.
  4. General understanding and interest in finance and lending practices and protocols.
  5. Excellent communication (written and oral) and interpersonal skills
  6. One to two years of experience working in a real estate development environment preferred.

Unusual Requirements:  Local and regional travel may be required. The Development Associate will visit construction sites, at times to include abandoned buildings and vacant lots. Occasional evening and weekend work may be required.

Application Instructions: Please submit a cover letter, resume and salary requirements to “Development Associate” in the subject line.

IFF values equity, diversity and inclusion as part of its mission to strengthen nonprofits and the communities they serve.  IFF is an equal opportunity employer.

Job Functions


  • Administration
  • Communications
  • Development
 

Job Sectors


  • Residential
  • Government/Education
  • Retail
 

Experience


1+ to 2 years


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