Senior Development Manager – Commercial Real Estate, Community Development Banking
Bank of America
full-time
Posted on:
Location Type: Hybrid
Location: Chicago • Florida • Illinois • United States
Visit company websiteExplore more
Salary
💰 $85,100 - $190,000 per year
Job Level
About the role
- Oversee project selection, investment underwriting, and execution for community-based real estate investments
- Manage relationships with existing Joint Venture Sponsors and identify new opportunities
- Originate and assess new direct and construction JV projects for non-tax credit multi-family investments
- On-going management of investments in conjunction with portfolio management teammates
- Effectively communicate with JV partners regarding equity investment and development risk
- Coordinate with Risk, Finance, Legal, and internal teammates to ensure processes are followed and monitored
- Partner with CDB and CREB teams to plan, deliver, and scale national projects and initiatives
Requirements
- 10+ years of experience in real estate finance
- Strong understanding of multi-family finance and underwriting
- Proven ability to work collaboratively with outside counsel in deal structuring
- Adept at reviewing and interpreting detailed Excel equity investment models
- Strong negotiation and communication skills
- Ability to proceed independently and work collaboratively within a team
- Demonstrated leadership ability
- Bachelor’s degree or advanced credentials (MBA, MPA, JD, CPA) strongly preferred
Benefits
- Health insurance
- 401(k) matching
- Paid time off
- Discretionary incentive eligible
- Employee assistance programs
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
real estate financemulti-family financeunderwritingExcel equity investment modelsdeal structuring
Soft Skills
negotiationcommunicationcollaborationleadershipindependence
Certifications
MBAMPAJDCPA