Job Summary
Director – Development ManagementSouth Korea
We are working with a global real estate investment manager who are expanding their Korean business. We are looking to add a commercially savvy development professional to their business development and origination team. Working in the Business Generation team, you are responsible for managing multiple real estate development and/or redevelopment projects. You will be responsible and accountable for project financial results and investment returns for the firm and its co-investors
An integral part in executing the high standard of acquiring and developing landmark real estate projects that deliver lasting value to their investors. This dynamic role will engage stakeholders at all parts of the investment and development process from forming intentional relationships with local business owners to executing presentations to an audience of global investors.
You will take a lead on Development Management activities for this team.
Responsibilities may include but are not limited to:
- Help identify new market opportunities and perform feasibility, economic and financial analysis
- Support the due diligence process for new acquisitions and developments
- Manage multiple real estate development and/or redevelopment projects
- Research potential land/development sites and coordinate with team
- During pre-acquisition coordinate all underwriting aspects and build project proformas: market research, municipal requirements, zoning, entitlements, site constraints, development budget, development schedule, construction budget, construction schedule, operating budget, and financial assumptions
- Gain entitlements for development projects through governmental agencies, formulate strategies, and direct internal and external development teams as needed
- Perform all predevelopment activities including feasibility, oversee design, layout and entitlement, permitting and due diligence. With senior management and consultant team determine and program the scope, quality and design of projects
- Work with senior management on the final development agreements and any easement agreements that need to be obtained
- Coordinate with team members and external lenders on any loan requirements throughout the process
- Execute and refine business plan (process entitlements and position for joint venture or sale; process entitlement and perform vertical construction). Develop and refine plans, designs, cost estimates, permitting and projects timelines during the pre-construction period
- Develop relationships with landowners, developers, civic and community groups and government agencies conducive to originating, supporting or processing new opportunities
Background:
- 10 years of professional working experience
- Currently working at major developer or AMC specialized in development
- Experience in residential asset class would be preferred
- Strong analytical skills – cashflow model, profit and loss analysis, etc.
- Business level English skill (written, oral)
