Over the last 20 years, Ares' success has been driven by our people and our culture. Today, our team is guided by our core values - Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy - and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry. Job Description Position Overview This Associate, Multifamily Development will be a key player in helping to manage and execute development functions and projects for the Ares Residential Management (ARM) Florida multifamily portfolio. They will be partnering with both internal and external development management teams and overseeing Project Managers, Coordinators, Contractors, Architects, Engineers, and Consultants on assigned projects throughout the territory.
In addition, this team member will support the Principal of Multifamily Development on development opportunities and will be responsible for entitlement analysis and procurement. They will be responsible for directing Design Consultants, contract preparation and management, project scheduling, and document and budget management. The Associate will also collaborate with other key members on land acquisitions, legal, finance, due diligence, and budgeting new development.
Essential Job Duties - Lead underwriting efforts on multifamily development pursuits.
- Assist team in site and building design, layout, and specifications.
- Work with all municipal and government agencies to obtain necessary development entitlements.
- Assist with the initial land purchase, structuring, documenting, due diligence, and closing.
- Oversight of the selected Architects, Civil Engineer, and other professional team members.
- Oversee and manage third party service providers.
- Assist in the production of the Investment Committee and Board Memos including due diligence review of plans and specs, geotechnical report, environmental traffic studies, entitlements, and cost estimates.
- Manage all contracts and other required documents.
- Create and manage milestone schedules for entitlement and construction.
- Ensure all pre-construction requirements are in place such as the construction loan, insurance, bonds, and notice to proceed.
- Attend design meetings and job site meetings.
- Work with title companies and municipalities to process easements, dedications, maps, and other various land instruments.
- Manage all budgets and proformas.
- Review and approve the draw requests.
- Review and approve onsite performance of construction quality, schedule adherence, and design conformity.
- Review and approve all changes in the scope of work.
- Interface with all internal departments for integration of project into the system such as Acquisitions, Accounting, Finance, Legal, Due Diligence, and Asset Management.
- Manage the transition of completed projects to Asset Management.
- Manage the closing of all projects including securing all required closing deliverables such as architects notice of substantial completion, final payments, unconditional lien waivers, certificates of occupancy, and all other completion and closing documents.
Required Knowledge, Skills and Abilities - Bachelor's degree or equivalent experience.
- 2-4 years of experience in multifamily development or real estate finance. Ideal candidate will be an experienced and proven development professional with an established track record of success.
- Ability to create complex Excel models and perform detailed financial analysis. Demonstrating superior analytical skills and providing a strong attention to detail.
- Demonstrated leadership, coaching, and mentoring capabilities.
- Experience with the entitlement process and zoning related matters.
- Ability to motivate, mentor, and communicate well with employees, customers, and other outside contacts.
- Strong Proficiency in Microsoft Excel and Microsoft PowerPoint.
- Confidence to work independently yet within a highly collaborative environment.
- Excellent technical, analytical, organizational, and communication skills.
- Knowledge of business and management principles involved in strategic planning, resource allocation, and coordination of people and resources.
- Excellent organizational skills including strong follow-through and multi-tasking skills within a fast-paced environment.
Reporting Relationships Principal, Real Estate
Compensation The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$100,000.00 - $140,000.00
The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.
