Director, Acquisitions and Development

Description

The Director is primarily responsible for the financial modeling and feasibility analysis of new investment opportunities. This role focuses on identifying projects that meet ITEX’s risk-return profile through rigorous financial modeling, underwriting, and market validation. You will act as the technical lead for all deal-related data, ensuring the Senior Vice President of Acquisitions and Development as well as the Investment Committee have an accurate financial roadmap for every potential acquisition or development. 

Key Responsibilities

• Financial Modeling: Develop and manage complex dynamic models to test the feasibility of new construction and rehabilitation projects, including affordable, workforce, and market-rate housing. 
• Detailed Underwriting: Lead the underwriting process for new opportunities, ensuring all assumptions regarding debt, equity, and operational costs are accurate and defensible. 
• Business Development: Market our services in the form of RFPs or RFQs in order to secure further developments.
• Feasibility Reporting: Draft comprehensive project summaries and investment memos for the President, COO, and Investment Committee. 
• Market & Due Diligence: Conduct deep-dive due diligence and market research to validate financial projections and project viability. 
• Contractual Oversight: Manage and review financial/contractual agreements with lenders and investors throughout the project lifecycle. 
• Cross-Functional Collaboration: Coordinate with Construction and Property Management to obtain real-world cost and operational data back into financial models to ensure ongoing profitability. 

Equal Opportunity Employer - M/F/D/V

We are an Equal Opportunity Employer and do not discriminate against any applicant or employee based on race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, genetic information, or any other characteristic protected by federal, state, or local law. We are committed to building a diverse and inclusive workplace where all individuals are treated with respect and dignity.

Applicants requiring reasonable accommodation to the application and/or interview process should notify a representative of our Human Resources department.

Requirements

Requirements: Knowledge & Skills

• Quantitative Mastery: Advanced proficiency in Microsoft Excel is essential, with a focus on building scalable models and performing sensitivity analysis. 
• Technical Knowledge: Strong understanding of commercial real estate terms, documentation, and various deal structures (Multi-Family preferred). 
• Analytical Communication: Ability to distill complex financial data into concise written and verbal reports. 
• Self-Directed: Must be a self-starter capable of producing highly accurate, detailed work in a fast-paced environment. 

Education & Experience

• Education: Bachelor’s degree in Finance, Accounting, Real Estate Development, or a related field. 
• Experience: 4–7 years of experience in real estate development. 
• Specialization: At least 4 years of specific experience within the Multi-Family industry. 

Physical Requirements 

• Will be seated for extended periods of time
• Repetitive use of digits due to data entry on a keyboard
• Must be able to lift up to 25lbs
• Frequent bending stooping and reaching in all directions