Due Diligence Manager in Hamilton Township, NJ at Lennar Homes

Date Posted: 8/31/2020

Job Snapshot

Job Description

Overview

Summary of Position Requirements

Primary role will be to manage the acquisition of land, including the due diligence and CIC approval process.  Assist in the development of opportunities that fit the company’s land development strategies and understanding of current market trends in land development and homebuilding.

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Responsibilities

Primary Duties and Responsibilities

  • Take charge of the “Greenfolder” process ensuring that the Division completes all due diligence and internal approval items within a timeframe that meets third party seller’s contractual requirements.
  • Manage land acquisition contracts and monitor contract compliance with Director and outside attorneys.
  • Draft concise and accurate explanations of acquisition opportunities, strategies and risk for executive level associates.
  • Work in conjunction with the Director of Land in negotiating terms and specifics of purchase and sale agreements.
  • Act as liaison between closing attorneys and Division staff to close on property
  • Facilitate processes required for due diligence for the purchase of property.
  • Monitor and manage potential land acquisition opportunities, and update data base files.
  • Network with other builders and developers to maintain market awareness; develop contacts to become a strong competitor in Division’s market area.
  • Manage the updating of pipeline and future opportunity reports for each county within the region.
  • Work with IT to develop forward planning technology and processes.
  • Contact and meet with developers and land sellers and regularly update the land pipeline tracking reports.
  • Develop a broad understanding of the market including the competition, house types/sizes, price points, and sales absorptions for each county within the region.
  • Research approvals/permits, zoning, engineering plans, improvement estimates, off-site improvements/contributions, soils/geology, wetlands, utilities, affordable housing component/contribution, and building costs.
  • Work with Director and VP’s of Sales to develop plan lineups for underwriting each acquisition deal.
  • Review proforma analysis for inclusion in the Green Folder submittal deliverable.


Qualifications

 

Education and Experience Requirements

  • Minimum Bachelor of Science required. Degree in Real Estate, Finance, or Business preferred. 
  • Minimum five years’ experience supporting Land Development Department and Executive level Associates preferred
  • Intermediate computer skills – Microsoft Word and Excel required
  • Experience in Microsoft Project and Access required
  • Experience in spreadsheet analysis, project scheduling, and data management required
  • Excellent attention to detail

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