Development Associate Job at Faria Management

Faria Management Washington, DC 20010

DABOUT DANTES PARTNERS:

Dantes Partners, a subsidiary of Dumas Collective, is a first-class affordable and workforce housing development, acquisition, management, and financing company with offices in Washington, DC. Maryland, New York, and Virginia. Established in 2006, Dantes Partners is a Black owned business with a mission to develop Luxury Affordable Housing™ and community-focused real estate initiatives across the Mid- Atlantic region. Dantes Partners’ growing portfolio entails nearly 7,000 units that have been financed, developed, and acquired with an estimated financing and investment value of 1.9 billion dollars. Simultaneously, Dantes Partners leverages its extensive expertise in the field of real estate development, acquisition, management, and financing of company-owned portfolios and provides exclusive consulting services in public-private deal structuring and negotiations. Furthermore, Dantes Partners also offers consulting in pre-development planning and oversight, market research and analysis, debt or equity underwriting, project and asset management, community outreach, as well as portfolio due diligence.

In 2022, The District of Columbia Building Industry Association named Dantes Partners Developer of the Year.

POSITION DESCRIPTION:

The Development Associate will support the VP of Development, Development Director(s) and/or Development Manager(s) and will be responsible for assisting with all aspects of planning, financing and implementation of several projects in the Dantes Partners pipeline. The projects range from pure financing consulting to developing and managing multi-family communities. The work will also include oversight and/or coordination of predevelopment services and all other projects that are assigned to the incumbent, coordination of design efforts, liaising with clients and government agencies and communicating with stakeholders. In addition, the Development Associate will assist in securing funding for projects, which would include preparing funding applications and working with potential lenders to secure loans or other financing as may be appropriate.

RESPONSIBILITIES:

  • Assist senior development staff with the coordination of design efforts, liaising with clients and government agencies and communicating with stakeholders;
  • Assist with responses to Request for Proposals for new and affordable housing development projects;
  • Assist in tracking and maintaining a database of DP property cash flows and operations
  • Assist in tracking vendor invoices and preparation of draw packages for lenders and equity providers
  • Using online databases and various market data to provide relevant market information
  • Conduct real estate research and prepare and/or assist in the preparation of case studies as assigned.
  • Building and maintaining development budgets and proformas in Excel
  • Assist with all necessary predevelopment work including surveys, appraisals, title work, environmental, etc.
  • Coordinating and assistance with overseeing the work of project teams, which may be comprised of architects, urban planners, engineers, contractors, attorneys, lenders, investors, property managers etc.
  • Assist in managing the planning, design, bid/award, and construction process to ensure that projects conform to quality standards, and are on time, and within budget
  • Assist in ensuring compliance with all funding requirements as applicable including but not limited to CBE, Section 3, First Source, etc.
  • Responding to Request for Proposals for development projects
  • Using online databases and various market data to provide relevant market information
  • Support the preparation of financing memoranda that include business plans, graphics, market information, and financial information
  • Assisting with any community, resident or management issues
  • Managing multiple tasks on a daily basis and deliver under tight deadlines in a demanding work environment
  • Collecting and distributing due diligence materials for loan closings
  • Supporting the Director of Construction on assignments related to various projects;
  • Supporting the Chief of Staff on assignments related to various projects;
  • Various ad hoc assignments

MINIMUM QUALIFICATIONS:

  • Bachelor’s degree in Business or Finance related field
  • Excellent written and verbal communications are required
  • Proficiency in Microsoft Office Suite: Excel, Word, Outlook

SUCCESFUL CANDIDATES WILL POSSESS THE FOLLOWING ATTRIBUTES:

  • An entrepreneurial spirit;
  • Proactive and extremely responsive;
  • Personable with a good sense of humor
  • Strong analytical skills
  • A “detail oriented” focus
  • Experience with funding programs for subsidized housing
  • Understanding of fundamental real estate terminology
  • Commitment to the mission, philosophy and vision of Dantes Partners and community development work
  • Energy and commitment to work in an entrepreneurial environment with the ability to prioritize responsibilities
  • Strong organizational skills
  • Ability to work under pressure, in a time sensitive environment, delivering timely and accurate work
  • Ability to write clearly and informatively and present numerical data effectively

ADA SPECIFICATIONS (Physical demands that must be met to successfully complete the essential functions of the job):

  • While largely sedentary, this position requires the ability to sit, stand, and lift up to 20 lbs., speak, and hear, sometimes for extended periods of time.
  • Requires the ability to use a computer and office equipment traditionally found in office settings.
  • Requires the periodic ability to travel regionally, on behalf of the company.

Dantes Partners is an equal opportunity employer.

For more information, please visit: www.dantespartners.com

Job Type: Full-time

Benefits:

  • 401(k)
  • Dental insurance
  • Employee discount
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Schedule:

  • 8 hour shift
  • Day shift
  • Monday to Friday
  • On call
  • Overtime
  • Weekend availability

Supplemental pay types:

  • Bonus pay

Ability to commute/relocate:

  • Washington, DC 20010: Reliably commute or planning to relocate before starting work (Preferred)

Education:

  • Bachelor's (Preferred)

Work Location: One location




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