Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.
Job Description
Position Summary
As Vice President within US Logistics Development you will oversee and manage various development projects for the Ares East Coast industrial real estate portfolio. This is an exciting opportunity to be a key leadership team member and make a significant impact in our growing business. We’re searching for a dynamic and knowledgeable leader to partner with our in-house teams and external contractors and lead the development, redevelopment, construction, capital expenditure and tenant improvement process.
You will regularly partner with Market Leaders, Market Representatives and Development/Construction members on due diligence and budgeting for land acquisition, new developments, redevelopments, construction, and building acquisitions/dispositions.
Essential Position Duties
Project Management
Prepare, implement, and oversee project level budgets of DCT Industrial assets and implement an annual budget and capital improvement plan in coordination with property management group
Manage the land acquisition due diligence activities for development projects including processing of all required entitlements and permits. Prepare related comprehensive scopes of work and manage design of site development, shell building, and exterior improvement projects.
Oversee the financial underwriting, quarterly projections and development reporting activities for the assigned region
Coordinate with Market Leaders to support Investment Committee presentations
Provide technical assistance and advisement for acquisition due diligence
Direct capital and tenant improvements while consistently maintaining strong tenant and employee relationships. Responsible for ensuring customer needs, capital improvements, and financial performance goals are met while maintaining the physical condition of the assets.
Prepare comprehensive scopes of work and manage design of capital improvement projects in coordination with property management.
Prepare cost estimates for the scope of work utilizing quantities, proposals, historical information and general unit pricing knowledge
Prepare contractor bid packages and upon receipt, analyze for adherence to design, quantities, qualifications, and costs as compared to preliminary analysis and budget
Prepare estimate complete with all quantities, alternates and unit prices. Review estimate and scope of work with property management, leasing, and/or tenant (if necessary).
Provide value engineering options where possible
Provide technical guidance for projects that are generated and managed by property management and third-party managers
Manage design process and hire architect and/or engineering professionals to provide detailed scope of work and manage projects within budget and schedule
Manage the overall construction process to include obtaining necessary permits or required jurisdictional documentation
Prepare critical path schedules to ensure timely delivery of project
Successfully manage projects and ensure a coordinated effort between the Client, VP/Development and Construction, Project Manager, Property Manager, Market Leaders and VP/Market Representative
Maintain and apply knowledge of local building codes and processes which effect design and construction
Maintain ability to travel as required by position
Administration
Directly manage and support the work activities of project managers and senior project managers throughout assigned region by applying effective leadership, coaching and mentoring skills
In conjunction with direct reports, oversee the preparation of the annual capital budget and quarterly forecasts. Ensure actual expenditures against approved budget guidelines are effectively analyzed, and direct appropriate responses to changes during the year.
Determine, formulate and implement project management related policies and procedures
Prepare and issue contracts for development, tenant improvement, and capital work
Understand and adhere to lease documents
Schedule and conduct progress meetings
Issue, approve and/or subcontract change orders
Prepare Project Approval Request (PAR) forms
Work with property management, the Regional financial analyst and accounting for proper job set up, billing, and cost tracking
Review and approve contractor invoices and draw requests
Close out projects in a timely manner to include receipt of Certificate of Occupancy, warranties, signed off permits, lien waivers, etc.
Maintain and document all activities related to capital projects utilizing DCT’s data management system
Maintain detailed documentation of construction process to include meeting minutes, collection of warranties, Certificates of Occupancy, project manuals, etc.
Navigate accounting, document and financial software to ensure all documents related to the project are appropriately filed and provide accurate historical documentation of construction
Required Knowledge, Skills and Abilities
10+ years of experience in development and/or construction management required.
Proven project management experience with an established track record of success required.
Deep knowledge of local and national building codes and processes which effect design and development required.
Demonstrated leadership, coaching and mentoring capabilities required.
Proficiency in Microsoft Office and Microsoft Project applications, or other scheduling software required.
Experience in ACAD or drawing software preferred.
Confidence and ability to work independently, yet within a highly collaborative environment required.
Excellent technical, analytical, organizational and communication skills required.
Ability to effectively lead and mentor direct reports as assigned required.
Strong leadership and articulate/polished communication skills (listening, verbal & written) required.
Outgoing, confident, and likeable personality with ability to motivate, mentor and communicate well with employees, customers and other outside contacts required.
Knowledge of business and management principles involved in strategic planning, resource allocation, and coordination of people and resources required.
Excellent organizational skills including strong follow-through and multi-tasking skills within a fast-paced environment required.
Bachelor’s Degree or equivalent experience
Ability to travel
Reporting Relationships
Compensation
The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.
$175,000.00 - $220,000.00The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical/Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.
Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.
There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.