Fairstead ESC LLC

Director, Development Operations

New York, New York, United States · Director

Sponsorship not specified$170k-$200kDetected 6 days ago

Project ManagementFinancial ModelingFinancial AnalysisAccountingForecastingBudgetingExcelValuationLeadershipCommunicationMicrosoft Office

About the role

The Director, Development Operations will be responsible for managing, overseeing, and optimizing the performance of a subset of our affordable multifamily real estate portfolio.
This role reports directly to the Senior Director, Development Operations.
The Development Operations team sits within the larger Development team and is comprised of several groups, including Portfolio Management and Special Projects.

Develop, manage, and execute comprehensive business plan strategies for the affordable multifamily assets and portfolio.
Investigate variances and identify opportunities to enhance asset performance by analyzing market trends, property operations, and capital improvements. Implement strategies to maximize property values, rental income, occupancy rates, and cash flow.
Assess and manage risk factors associated with the portfolio, including market conditions, leasing and occupancy risks, and capital expenditure requirements. Develop contingency plans and risk mitigation strategies.
Collaborate with internal teams, including acquisitions, development, construction, and property management to align asset management strategies with broader organizational goals.
Develop and maintain strong relationships with internal and external stakeholders, including investors, lenders, vendors, property management teams, and brokers.
Identify opportunities for capital transactions, including refinancing and dispositions, and assist with executing exit strategies to optimize returns.

Minimum 8+ years' applicable real estate experience required
Bachelor's degree required
Experience in multifamily affordable portfolio and asset management
Knowledge and experience with the Project-Based Section 8 and Low-Income Housing Tax Credit Programs gained from asset management, operations, or development.
Strong proficiency in financial modeling, Microsoft Office Suite (especially Excel), and analytical skills
Experience in budgeting, accounting, and financial analysis
Up to 20% travel required

Fairstead challenges industry norms through our tech-forward, entrepreneurial approach to affordable housing.

$170,000 - $200,000 USD
Our goal is to ensure competitive total compensation that is commensurate with experience, location, and other market benchmarks.

Being an equal opportunity employer is a central tenet of our philosophy that shapes who we are and the communities we serve.

This listing is sourced directly from Fairstead ESC LLC's careers page and normalized into a canonical job model.