VP/Director Real Estate Development & Finance

VP/Director - Real Estate Development & Finance

Position Overview

The VP/Director of Real Estate Development & Finance is a key execution role responsible for supporting and, at more advanced levels, leading the underwriting, structuring, and delivery of real estate development projects.

This position operates at the intersection of development, finance, and investment, contributing across the full lifecycle of projects-from acquisition and capitalization through construction and stabilization. The role scales based on experience, with more senior candidates taking ownership of deal execution, workstreams, and stakeholder coordination.

Role Scope by Experience Level

VP/Director (8+ YOE):

• Lead deal execution, manage key workstreams, interface with capital partners, and support strategic decision-making.
• Multiyear planned developments a strong plus as this is a heavier role on the development side

Key Responsibilities

Financial Analysis & Underwriting

• Build and maintain detailed financial models (development pro formas, cash flows, waterfalls)
• Analyze investment performance (IRR, NPV, equity multiples, yield-on-cost)
• Conduct sensitivity analyses and scenario planning
• Support underwriting assumptions and investment recommendations

Deal Execution & Transaction Management

• Support transactions from initial evaluation through closing
• Manage due diligence processes (financial, legal, market, environmental)
• Prepare investment memos, presentations, and capital partner materials

Development Execution

• Track development budgets, schedules, and project milestones
• Monitor construction progress, cost variances, and draw processes
• Identify risks and support solutions to maintain project performance

Capital Markets & Financing

• Support preparation of debt and equity financing packages
• Assist in structuring capital stacks (senior debt, mezzanine, equity, tax credits)
• Track loan compliance, covenants, and reporting requirements

Asset & Portfolio Management

• Monitor asset performance relative to pro forma expectations
• Support leasing, stabilization, and operational strategies
• Assist in refinancing, recapitalization, and disposition analysis
• Prepare investor and internal reporting materials

Market Research & Strategy

• Conduct market research on supply/demand, rents, and economic trends
• Analyze comparable developments and competitive positioning
• Support site selection and new investment opportunity evaluation

Qualifications

Education

• Bachelor's degree in Finance, Real Estate, Economics, or related field
• MBA or Master's in Real Estate/Finance preferred

Experience

• 10 - 17 years target
• Real estate development
• Real estate private equity
• Investment banking or project finance
• Demonstrated experience in financial modeling and real estate underwriting
• Senior-level candidates should have experience managing transactions or major workstreams

Core Competencies

Technical Skills

• Advanced Excel and financial modeling (ARGUS a plus)
• Strong understanding of real estate finance metrics and structures
• Familiarity with development budgets and construction processes

Execution & Analytical Skills

• Strong attention to detail and organizational skills
• Ability to manage multiple projects and deadlines
• Problem-solving mindset with proactive execution

Communication & Leadership

• Clear written and verbal communication
• Ability to prepare polished investment materials
• Senior-level candidates: ability to manage consultants and mentor junior staff

Ideal Candidate Profile

• Strong analytical foundation with real estate and finance expertise
• Ability to translate complex financial analysis into actionable insights
• Comfortable working in a fast-paced, deal-driven environment
• Entrepreneurial mindset with a desire to grow into senior leadership

Senior-level candidates additionally demonstrate:

• Ownership of deal execution
• Confidence in stakeholder and investor interaction
• Leadership in managing processes and teams

Performance Metrics (KPIs)

• Accuracy and quality of financial modeling
• Timeliness and effectiveness of deal execution
• Contribution to successful project delivery
• Quality of investment materials and analysis

Compensation (Typical Range)

• Associate: $90K - $140K base + 15%-40% bonus
• Senior Associate: $120K - $180K base + 25%-75% bonus
• Potential for long-term incentives (carry/equity), particularly at senior level

Where This Role Adds the Most Value

• Large-scale mixed-use developments
• Public-private partnership (P3) projects
• Opportunity zone and impact-driven investments
• Institutional real estate platforms scaling deployment