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Senior Analyst, Development Finance - San Diego

Senior Analyst, Development Finance

IQHQ, Inc. is looking to add a Senior Analyst to support both our Development & Finance teams. The Analyst will be a key member of our team of commercial real estate professionals and will have a unique opportunity to manage project controls and budgets for the Company’s West Coast development pipeline, which is currently projected to total over 6 million square feet. A successful candidate will be highly skilled in the areas of capital budgeting, forecasting, communication, and analysis for all aspects of commercial real estate development. Qualified individuals must be comfortable in a challenging and dynamic environment, with an evolving role based upon the anticipated growth within the company. The Senior Cost Analyst will report to the Manager, Development Finance and work between IQHQ’s Downtown San Diego and Solana Beach offices.

About IQHQ

We are pioneers in premier life science real estate. IQHQ empowers the life science community to thrive and succeed by creating and developing environments that inspire progress and give innovation a home to grow. IQHQ’s focus is to acquire, develop and operate life science properties in the innovation hubs of San Francisco, San Diego and Boston in the United States, and the Golden Triangle in the United Kingdom.

Responsibilities:
• Track and maintain project budgets, forecasts and cost reporting for IQHQ’s West Coast developments, working with the Manager of Development Finance, Development Directors, and Project Managers
o Update budgets as required, oversee budget transfers, analyze remaining contingency, and evaluate project cost risks utilizing various cost management tools
o Facilitate accurate management of cost tracking through IQHQ’s cost management systems
o Drive communication of development forecasts and budgets, and changes therein, with the Finance team and upper management
o Work with the Finance and Development teams to understand variances in actuals and in-process contracts to budget, analyze and communicate forecasted impacts of such variances on a monthly, quarterly, and ad hoc basis
o Support monthly budget reporting process capturing comments from Development and Finance teams
• Develop and manage development project budget controls including maintenance of the total project budgets, detailed vendor budgets, change management logs and commitment tracking logs
o Support the approval process for major construction contracts, including analyzing and presenting these contracts and any differences from underwriting or expectations to upper management
o Evaluate project financial risks and report to the Finance and Development teams to assist with decision making
• Provide ad hoc financial and schedule reporting as needed by the development and finance teams
• Partner with the Finance and Accounting teams in managing the construction loan draw process and ensuring proper documentation for lender compliance
• Develop historical cost analyses to provide input into acquisition underwriting

Required Qualifications and Skills:
• Bachelor's degree in Finance, Business, Accounting, Real Estate or Construction Management is preferred
• 3-5 years of experience relevant to development and construction of commercial real estate, with preferred experience in life science real estate
• Prior experience at a Real Estate Investment Trust or national developer is considered a plus
• Knowledge of commercial construction industry practices, budgeting, cash flows, and financial analysis for development projects
• Expert in Microsoft programs: Excel, Word, and PowerPoint
• Proficient in Yardi or similar programs
• Ability to work independently with minimum supervision as well as in a team-based environment
• High level of attention to detail
• Excellent time management and organizational skills
• Strong written and verbal communication skills; ability to manage multiple tasks with accuracy and efficiency
• Enjoys being a part of a mission-driven team

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Apply now

Director, Development - San Diego

IQHQ, Inc. and its affiliates are pioneers in premier life science real estate. IQHQ’s focus is to acquire, develop and operate life science properties in the innovation hubs of San Francisco, San Diego, and Boston in the United States, and the Golden Triangle in the United Kingdom. IQHQ has offices in San Diego and Boston.

Position Overview:

We are seeking to complement our west coast team with a Director of Development to be based in our San Diego office. The Director, Development oversees (re)development projects within the growing IQHQ portfolio on the west coast (Bay Area and San Diego). Reporting to the Vice President of Development, this individual will provide leadership and support in planning, budgeting, and overall management of development projects and initiatives. They will provide oversight to multiple projects of diverse scope from conceptualization through construction and occupancy. Various project types include greenfield core / shell and interior new build developments, interior fit-outs, and infrastructure improvements. This individual will coordinate with other IQHQ team members and manage project resources to ensure projects are completed on time, within budget, meeting program requirements while mitigating risk to the company.

Responsibilities:

• Assist in the program development and design for future development or asset enhancement projects.
• Assist with establishing project budget, schedule and quality parameters for projects.
• Establish and direct external project teams including but not limited to 3rd party project manager, architects, engineers, construction managers, commissioning agents and other professional teams as applicable to meet project needs.
• Obtain necessary approvals from governmental entities.
• Monitor project construction activities relating to scheduling, quality, costs, design and construction throughout project lifecycle.
• Develop and maintain capital project performance metrics and financial dashboards including plans, forecasts and good budgetary control.
• Meet financial and schedule objectives applicable to the project success.
• Develop reports, presentations and other documents for both internal and external communication specific to the progress of the projects.
• Develop and sustain good documentation practices for project initiations, scope, development, execution, and close-out cycles.
• Collaborate with internal IQHQ team members in support of meeting short- and long-term goals and objectives; provide input in support of acquisition evaluation process; support transaction and branding activities as necessary.
• Support future tenant needs as required to ensure customer satisfaction.
• Develop and promote a culture of excellence, high standards of professionalism, integrity, and leadership within and outside the organization.
• Understand the Company's obligations as detailed in its lease and work letter agreements for assigned projects.
• Coordinate project design & ESG objectives with VP, Development, Director of Design & ESG
• Administer the collection of acceptable certificates of insurance, lien waivers and other required project documents, process consultant and contractor payments and maintain project files.
• Provide general support to other Operating Divisions of the Company, and participate in special projects, as needed, and assigned.

Knowledge/Skills/Competencies/Education

• Minimum 12+ years of practical working experience in the development, architecture or construction related fields
• Advanced knowledge in all aspects of commercial project development from acquisition through construction completion, lease-up, stabilization, perm loan conversion, and closeout
• Strong understanding with design and construction of laboratory and laboratory research projects is highly desirable.
• Able and willing to travel as necessary to meet project goals and objectives
• Proficient in conducting financial feasibility analysis and budget preparation
• Familiarity with design and/or construction contract preparation: AIA document forms, construction payment applications, lien waiver review and preparation, certificates of insurance, and other construction related documentation.
• Oral and written communications are required with demonstrated interpersonal skills and ability to interact both internally and externally with tenants, contractors, architects, consultants and other project team members.
• Computer proficient skills with strong experience in Yardi, Bluebeam, spreadsheet preparation and a working knowledge of all Microsoft Office Products, including Excel and Word
• Strong and effective presentation skills
• Excellent organizational and problem-solving skills
• Demonstrates leadership skills
• Strong EQ with ability to work in and lead project teams
Supervisory Responsibilities
• May supervise other staff members in the company as we grow our team may include a wide range of job levels
• Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities may include training employees; planning, assigning, and directing work and resolving issues.

Reporting:
• Reports to VP, Development

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Apply now

Director, Development - Bay Area

IQHQ, Inc. and its affiliates are pioneers in premier life science real estate. IQHQ’s focus is to acquire, develop and operate life science properties in the innovation hubs of San Francisco, San Diego, and Boston in the United States, and the Golden Triangle in the United Kingdom. IQHQ has offices in San Diego and Boston.

Position Overview:

We are seeking to complement our west coast team with a Director of Development to be based in our San Diego office. The Director, Development oversees (re)development projects within the growing IQHQ portfolio on the west coast (Bay Area and San Diego). Reporting to the Vice President of Development, this individual will provide leadership and support in planning, budgeting, and overall management of development projects and initiatives. They will provide oversight to multiple projects of diverse scope from conceptualization through construction and occupancy. Various project types include greenfield core / shell and interior new build developments, interior fit-outs, and infrastructure improvements. This individual will coordinate with other IQHQ team members and manage project resources to ensure projects are completed on time, within budget, meeting program requirements while mitigating risk to the company.

Responsibilities:

• Assist in the program development and design for future development or asset enhancement projects.
• Assist with establishing project budget, schedule and quality parameters for projects.
• Establish and direct external project teams including but not limited to 3rd party project manager, architects, engineers, construction managers, commissioning agents and other professional teams as applicable to meet project needs.
• Obtain necessary approvals from governmental entities.
• Monitor project construction activities relating to scheduling, quality, costs, design and construction throughout project lifecycle.
• Develop and maintain capital project performance metrics and financial dashboards including plans, forecasts and good budgetary control.
• Meet financial and schedule objectives applicable to the project success.
• Develop reports, presentations and other documents for both internal and external communication specific to the progress of the projects.
• Develop and sustain good documentation practices for project initiations, scope, development, execution, and close-out cycles.
• Collaborate with internal IQHQ team members in support of meeting short- and long-term goals and objectives; provide input in support of acquisition evaluation process; support transaction and branding activities as necessary.
• Support future tenant needs as required to ensure customer satisfaction.
• Develop and promote a culture of excellence, high standards of professionalism, integrity, and leadership within and outside the organization.
• Understand the Company's obligations as detailed in its lease and work letter agreements for assigned projects.
• Coordinate project design & ESG objectives with VP, Development, Director of Design & ESG
• Administer the collection of acceptable certificates of insurance, lien waivers and other required project documents, process consultant and contractor payments and maintain project files.
• Provide general support to other Operating Divisions of the Company, and participate in special projects, as needed, and assigned.

Knowledge/Skills/Competencies/Education

• Minimum 12+ years of practical working experience in the development, architecture or construction related fields
• Advanced knowledge in all aspects of commercial project development from acquisition through construction completion, lease-up, stabilization, perm loan conversion, and closeout
• Strong understanding with design and construction of laboratory and laboratory research projects is highly desirable.
• Able and willing to travel as necessary to meet project goals and objectives
• Proficient in conducting financial feasibility analysis and budget preparation
• Familiarity with design and/or construction contract preparation: AIA document forms, construction payment applications, lien waiver review and preparation, certificates of insurance, and other construction related documentation.
• Oral and written communications are required with demonstrated interpersonal skills and ability to interact both internally and externally with tenants, contractors, architects, consultants and other project team members.
• Computer proficient skills with strong experience in Yardi, Bluebeam, spreadsheet preparation and a working knowledge of all Microsoft Office Products, including Excel and Word
• Strong and effective presentation skills
• Excellent organizational and problem-solving skills
• Demonstrates leadership skills
• Strong EQ with ability to work in and lead project teams
Supervisory Responsibilities
• May supervise other staff members in the company as we grow our team may include a wide range of job levels
• Carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities may include training employees; planning, assigning, and directing work and resolving issues.

Reporting:
• Reports to VP, Development

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Apply now