Director, Construction & Development

Ventas   •  

Chicago, IL

Industry: Real Estate & Construction

  •  

11 - 15 years

Posted 56 days ago

Position


The Director, Construction & Development will oversee and be the primary internal point of contact for a portfolio of development and redevelopment projects in varying stages of completion, from pre-approval to close-out.


In this role, you are expected to be the subject matter expert in all aspects of development and redevelopment projects once they have been approved. The focus is clearly on executing a project to maximize value and minimize risk, though the role requires an understanding (and/or a willingness to learn) the legal, accounting, reporting, treasury and tax aspects of development and redevelopment projects within a public company. This is a multi-faceted role that requires a number of skills – project management, prioritization, attention to detail, a sense of urgency, diligence, and the highest level of integrity.


Responsibilities

- Work with the acquisitions team to execute development and redevelopment investment approvals and support the associated analysis and underwriting process

- Oversee all aspects of development and redevelopment projects once approved, including:


  • Know the budget and make sure we stay within it
  • Understand the legal documents associated with the project and ensure compliance with them
  • Manage the internal review and execution of construction-related agreements
  • Review and approve draw packages
  • Perform site visits to review construction progress – roughly 20% travel
  • Manage the internal spending forecast in concert with our third-party developer partners to inform company liquidity needs
  • Work with the FP&A team to ensure accurate reporting
  • Ensure a thoughtful and efficient turnover of the completed project to the asset management team
  • Identify and escalate issues quickly
  • Prepare project presentations for executive leadership team

- Coordinate internally: Accounting, Tax, Finance, Treasury

- Proactively contribute to continuous improvement of the department. Work with department leadership and peers to identify and implement process improvements.


Qualifications

  • Candidate should possess a minimum of 12+ years of construction and/or development experience, ideally with real estate and/or healthcare finance related experience
  • Bachelor's degree in finance, real estate or a related field is required; an MBA is a plus
  • Qualified candidates should come from a solid background with an owner/developer, manager, debt and/or equity investor, consulting firm, or a related entity that focuses on the real estate or healthcare industry
  • Knowledge of the investment fundamentals, transaction and operations of a variety of relevant asset types (senior housing, hospitals, nursing facilities, congregate care, etc.) is desired
  • Strong analytical skills and proficiency in Excel and PowerPoint is a must
  • Must be detail-oriented and have strong prioritization skills as well as understand the broader strategic implications of his/her work
  • Must possess ability to devise a plan for someone else to execute as well as to execute someone else's plan
  • Confident self-starter and quick learner who requires minimal supervision, comfortable with ambiguity and very adaptable


The position requires the ability to:

  • Work with many deadlines, time requirement conflicts and management pressures
  • Take direction but exercise independent thought and judgment
  • Be subject to frequent interruptions; must be able to switch attention between tasks quickly
  • Work long hours with sporadic/frequent travel as needed (sometimes with minimal notice)
  • Communicate effectively and persuasively
  • Manage multiple tasks and relationships within a fast-paced, team-oriented and lean environment