VP Head of Real Estate Development

Job Overview / Purpose

The Lead Vice President, Real Estate Development is responsible for developing Chartwell’s overall real estate development platform, evaluating opportunities for internal growth and overseeing and executing the organization’s larger capital project program.

Key Accountabilities

Development Growth Opportunities

• Identify and undertake new financially sound development opportunities which support organizational growth objectives including greenfield and internal growth development independently or with JV, development and / or capital partners.
• Establish and manage long term external and third party relationships with joint venture partners, developers, capital partners, potential fund partners, project consultants, appraisers, municipal bodies, development managers, contractors, health care entities, real estate lawyers, contractors and project lenders etc.
• Seek, find and foster development partnership opportunities across Canada with capital partners for development
• Analyze, evaluate, present and advocate for development opportunities which support organizational strategic plans.
• Grow Chartwell’s development pipeline.
• Identify and redevelop underperforming properties in the portfolio, as applicable.
• Coordinate and evaluate necessary due diligence for opportunity assessment : market studies, land surveys, appraisals, consultant review, project costing etc. as required.
• Prepare and present financial proformas and investment proposals to senior management.
• Establish opportunity budgets for annual strategic planning.
• Assess asset related capital project undertakings to consider best value to the organization.

Capital Projects Program Execution

• Execute value-add / maintenance large capital projects ensuring delivery to Operating platforms in a timely manner to support operating objectives.
• Undertake individual multi-million dollar development projects while overseeing all that are in development.
• Oversee all aspects of development, including hiring of consultants, contractors and other specialists.
• Oversee construction of developments and ensure adherence to project budgets and attention to value engineering.
• Ensure in-house and third party developments are delivered on time and on budget.
• Oversee, monitor and direct Development staff in capital project undertakings.
• Collaborate with Chartwell’s Operations, Sales& Marketing, Real Estate Finance, Tax & Accounting and Acquisitions staff and field staff to evaluate and execute development and capital projects.
• Establish initiatives to support internal efficiencies and effectiveness.
• Ensure necessary and qualified staff are engaged in project activity.

Financial Management and Reporting

• Negotiate and establish development project budgets.
• Negotiate joint venture and co-development terms with third parties.
• Monitor and report on development portfolio budgets and notable budget deviations and activity.
• Review, manage and approve monthly pay applications and draw requests.
• Administer payment for services rendered throughout the project timeline to vendors, consultants, contractors etc.
• Report regularly to senior management and others (such as joint venture partners, lenders, health authorities etc.) on the status of development activity and planning.
• Provide monthly work-in-progress updates for Development projects as well as quarterly and annual department business plan updates.

People Leadership :

• Evaluate and monitor staff productivity coaching, managing and mentoring accordingly.
• Recruiting, empowering employees, performance review and feedback, recognition, foster teamwork etc.

Qualifications

Education :

Post-Secondary Degree and preferably a professional designation in a relevant field.

Experience :

10+ years of relevant experience in real estate development.

Skills & Abilities :

• Project analysis and due diligence.
• Facility programming and design.
• Land assembly and municipal planning activities (zoning, variances, approval processes).
• Project coordination, management and leadership.
• Project budgeting and scheduling.
• Construction and building codes.
• Conceptual and design development.
• Financial modeling and analytics.
• Presentation and report writing.
• Proposal coordination and preparation.
• Assessing value add projects and undertakings.
• Managing multiple projects at once with varying budgets.
• Ensuring excellent client service to organizational departments.
• Bilingual (English and French) is an asset.

Effort

High degree of mental effort for analyzing and managing multiple projects.

Working Conditions

• Work is generally performed in an office environment.
• Some travel may be required.

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