Greater Boston Area
The Director of Finance, Development will drive the financial and schedule controls across the development projects by analyzing and advising on performance and risks. They will be an integral member of the development team and responsible for keeping a keen awareness of development project’s financial position and acting to prevent problems. This position will have a direct relationship with JV, equity, and financial institution partners and will be responsible for fostering those relationships.
Key Duties and Responsibilities
• Oversee project budgets and forecasting including project amounts and report on variances between forecast and actual and the development of an appropriate plan to reallocate as necessary.
• Review, approve, and process payments for development invoices and requisitions
• Develop and reconcile project accounting systems and analysis on a timely basis for required reporting
• Oversee project cost forecasting, identify trends and issues requiring attention
• Ensure compliance with reporting and other investor requirements
• Work directly with the Senior Financial Analyst to develop and refine proformas, project budgets, and expenditures for development projects
• Build effective working relationships with the project team members
• Build and nurture relationships with investors, joint venture partners, and lenders.
• Maintain an in-depth, working knowledge of all development projects and their status financially and physically through strategic participation in all phases of project and construction meetings from entitlements through stabilization.
• Negotiate general contractor, design professional, and consultant contracts for development projects in tandem with the General Counsel.
• Work directly with the Senior Financial Analyst and the Head of Development to sign off on project analytics focusingon long-term success of each project.
Our client is a family office and a Boston-based investment firm with an additional office in Utah. The company’s primary areas of investment include real estate in New England and Utah, direct investments in private companies, and alternative investment vehicles, such as private equity and venture capital funds.