Senior Development Manager - Mosaic Development Group
Armstrong McGuire & Associates
Ask Yourself?
Are you ready to put your development expertise to work where it matters most? For decades, Mosaic Development Group has been a trusted developer, owner and operator of affordable housing, building communities that open doors for individuals, families and those with special needs across North Carolina. Now, we’re entering an exciting new chapter as we expand into conventional multifamily development to generate flexible capital that fuels our mission of ensuring affordable housing for those who need it most.
Mosaic seeks a Senior Development Manager who brings both depth and vision: a proven leader who has served as the primary development manager on at least two Low-Income Housing Tax Credit (LIHTC) projects taken from concept through completion (North Carolina preferred) and the drive to help shape a growing portfolio of market-rate projects. This is more than a development role. It’s a chance to join a mission-driven organization at a pivotal moment, where your skills will not only deliver outstanding projects but also expand access to housing and transform lives.
Why?
As Senior Development Manager, you will help lead affordable housing development projects from concept to completion. Mosaic is committed to creating high-quality, low-cost housing that strengthens communities and transforms lives. As part of Mosaic’s team, you will play a pivotal role in advancing this mission by managing impactful development projects that expand access to housing opportunities.
Want to know more, visit www.mosaicdevelopmentgroup.org.
What Will You Do as Mosaic Development Group’s Senior Development Manager?
Manage all aspects of affordable and conventional real estate development for assigned projects, including coordination and oversight of the following activities:
- Responsible for the successful implementation of assigned development projects from concept through conversion including managing project budgets, funding applications, financing packages, due diligence, and project schedule.
- Make recommendations regarding pipeline projects for consideration by the Executive Director and Director of Development.
- Negotiate options and purchase offers with landowners.
- Negotiate contracts with partners, contractors, and consultants for assigned projects.
- Establish relationships with City/County officials and appear before Planning and Council hearings as necessary for government and site approvals.
- Establish and maintain relationships with investors and lenders.
- Maintain current knowledge of financing options including LIHTC, HOME, RPP, WHLP, FHLB AHP and other financial resources.
- Foster relationships with potential development partners, local legislatures, and planning departments.
Managerial/Organizational
- In coordination with the Director of Development, recommend to Executive Director and Investment Committee target areas, project type and financing options to guide overall development goals for the organization and recommend priority projects for pipeline pursuit.
- Coordinate with Asset Management as necessary to plan for appropriate underwriting and capital improvements associated with refinance of existing real estate assets.
- Review and recommend approval of project draws as prepared by Construction Manager.
- Coordinate with Accounting for efficient financial reporting for development projects.
Key Lived Experiences, Attributes and Skillsets of the Senior Project Manager
- Strong commitment to Mosaic’s mission.
- Bachelor’s degree in real estate, business, planning, or related field required; advanced degree preferred.
- Must have served as the primary development manager on at least two LIHTC projects from concept through completion.
- Direct experience in multifamily housing including related financing programs (e.g. HOME, FHLB AHP) required.
- Experience overseeing general contractors, architects, engineers, and other vendors.
- Proven track record of negotiating with land sellers including preparation of options and offers to purchase.
- Experience in the creation of proformas including sources and uses of funds for cash flow analysis.
- Demonstrated ability to oversee project budgets, site analysis, financing packages, and construction management personnel.
- Strong understanding of zoning, governmental approvals, and regulatory processes.
- Exceptional leadership, organizational, collaboration, negotiation, strategy, and communication skills.
- Ability to multitask effectively and perform well under pressure.
- Proficiency in SmartSheet, Microsoft Suite (Word, Excel, Outlook, OneDrive) or similar real estate development software.
- Valid driver’s license and ability to travel within North Carolina and neighboring states to various job sites.
Why Mosaic Development Group?
Mosaic believes in creating quality, affordable housing that strengthens communities and changes lives. As a Senior Project Manager, you’ll have the opportunity to shape projects that matter and lead with purpose in a mission-driven organization.
Since 1966 Mosaic Development Group has developed over 4,200+ units of affordable housing across North Carolina providing a home to an estimated 26,500 families, senior citizens, and individuals with special needs. Mosaic believes high-quality housing, which is affordable to a variety of incomes, is a catalyst for vibrant healthy communities.
Ready to Make an Impact as Mosaic Development Group’s Senior Project Manager?
To apply, scroll to the bottom of this page. You will see instructions for uploading your compelling cover letter, resume, and salary requirements. Please provide all requested information to be considered. In case of any technical problems, contact talent@armstrongmcguire.com. No phone calls, please, and no applications will be accepted by email or directly from third-party posting sites.
Salary is commensurate with experience and starts in the $140,000 range. This is a full-time, hybrid position. Mosaic Development Group’s benefits package includes health insurance, vacation based on length of employment, 403(b) retirement plan with 3% matching contribution, dental insurance, life insurance, disability insurance and vision insurance.
In order to provide equal employment and advancement opportunities to all individuals, employment decisions by Mosaic will be based on merit, qualifications, and abilities. Mosaic Development Group does not discriminate in employment opportunities or practices on the basis of race, color, national origin, sex, marital status, sexual orientation, age, religion, qualified veteran status, or qualified physical or mental disability that may be accommodated. Mosaic Development Group’s equal employment opportunity philosophy applies to all aspects of employment, including recruitment, training, promotion, transfer, job benefits, pay, and dismissal.