EMPLOYER: Novin Development Corporation

 Job ID: 10085554

Salary Range: $178,000/yr - $190,000/yr.

TITLE: Senior Development Manager

Job Description: Reporting to the VP of Development, the position focuses on conducting financial feasibility analysis and investment underwriting for real estate development and acquisition opportunities, including building and reviewing financial models to evaluate projected returns, cash flows, and risks. Structure and evaluate capital stacks for real estate projects, including equity, senior debt, mezzanine debt, and public financing sources, to optimize project viability and returns. Coordinate due diligence activities for potential investments, including review of market studies, construction budgets, entitlement status, and legal documentation, and prepare investment recommendations for internal approval. Support capital raising and financing efforts by preparing investment memorandums, lender packages, and presentation materials, and by coordinating with equity partners, lenders, housing authorities, and other financing entities. Oversee design and entitlement coordination by working with architects, consultants, and regulatory agencies to ensure project designs align with zoning, permitting, and financial feasibility requirements. Oversee projects during the construction phase by monitoring budgets, schedules, and financial performance, and coordinating with construction, and finance teams to address variances and risks. Also, review construction draws requests, cost reports, and lender documentation to ensure alignment with approved budgets and financing requirements. Monitor active projects post-construction by reviewing budgets, schedules, and financial performance, and by preparing applications for 8609’s for tax-credit project. Domestic travel required, 10%. Must appear in office 3 days per week; WFH permissible 2 days per week.

Requirements: Master’s degree or foreign degree equivalent in Real Estate Development and Design, or related field and four (4) years of experience in real estate finance and development, affordable and workforce housing, or related role in the job offered.

Experience and/or education must include:   

1. Creating Excel-based financial proformas based on specific deal assumptions for planned projects.

2. Experience with SketchUp for evaluating new projects and creating preliminary concept site plans with 3D models.

3. Experience with ArcGIS to create comprehensive geospatial mapping of geographic data to understand patterns and make data-driven decisions through tools for mapping, analysis, and data management.

4. Experience with CoStar to conduct online searches of critical site and project metrics.

5. Cross-functional collaboration with architects on concept design, through the schematic and design development phase, while meeting all the city zoning and permitting requirements.

6. Experience structuring and closing affordable housing transactions utilizing federal low-income housing tax credits (LIHTC), tax-exempt bonds, and federal, state, and local subsidy programs.

7. Experience with developing and monitoring project budgets and construction schedules to ensure compliance with public financing and regulatory requirements.

JOB SITE: 1990 N California Blvd., Suite 1060, Walnut Creek, CA 94596; Must appear in office 3 days per      week; WFH permissible 2 days per week.

CONTACT: Please email resume to hr@novindevelopment.com and reference Job ID#10085554

Posted: 11/02/2026