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Hungerford Properties

Vice President Development

Development – Vancouver, British Columbia
Department Development
Employment Type Full time
Minimum Experience Senior Manager/Supervisor

The Company

Hungerford Properties is a fast-growing real estate investment, management and development company with millions of square feet of industrial, office, retail and residential properties in Canada. Our mission is to create value for investors, help business owners grow their companies, and build better neighbourhoods for all, through the astute investment, management and development of real estate.  We are an established and expanding team with an impressive track record and proud history. We bring sophisticated investment tools to the Canadian market and build award-winning developments. For more than three decades, we have followed a simple strategy: buy well and add value through proactively investing, developing and managing commercial and residential projects. Our company is driven by five Core Values: Ambition, Diligence, Creativity, Relationships and Community, and the people we hire should be completely aligned with these values. As underlined by our values, we set high expectations for ourselves and for our people; all staff are expected to know, understand and deliver on our standards.

 Our Approach

We take pride in our approach to doing the work at Hungerford Properties, and we expect all employees to do so as well - we call this approach the Hungerford Way, and it is made up of 2 Key Components:

 1. High performance culture - our values-based approach to how we communicate and how we act in every situation, the foundation of recruiting, hiring and developing the best and the brightest people

 2. Meticulous Process - our institutional quality operating Platform, which includes process manuals, checklists, templates, and repeatable efficient processes.

We leave no stone unturned in the way we go about our work and we demand integrity in everything we do; the processes, supported with checklists and templates, are tools that give us and all of the staff confidence in one another to get the job done to the highest standard, while minimizing risk. We expect that process is followed. Period. Not doing so is not an option. It is core to our operations.

Alignment to the Hungerford Way is essential for all employees; however, we are not saying the way we do things is the only way, we are simply saying that this is the way we work, and we want to recruit people who want to be here because they buy into what we are doing, why we are doing it and how we are getting there, because they are aligned with our vision, values, objectives and processes before even starting the role.

Commitment

We are a company committed to developing long-term relationships with our stakeholders, and we want staff who are also looking for long-term commitment in their careers.

Performance Measurement

Performance at Hungerford Properties is measured both by achievement of individual objectives and demonstration of the values in daily behavior.

Opportunity

We are merit based; if a person has earned trust by doing a good job, there is the opportunity to take on greater responsibility. We are also about impact, not age or experience, so Hungerford Properties is a place where people can grow career quickly if motivated, ambitious and diligent. We are also loyal - if a person is good to us, we will be good to them. Ultimately, this is an opportunity to become part of a team dedicated to success and excellence for those ready to step up.

The Candidate and Responsibilities

The Vice President of Development position is based out of Vancouver.  Applicants for this position will be self-motivated individuals with a high degree of initiative and will possess strong interpersonal skills, be attentive to detail, and able to build trusting relationships. The candidate will report directly to the Partners and work in conjunction with all Departments.

The Vice President of Development will be active in the following primary responsibilities both in an individual and senior management team setting:

 Leadership

  • Is involved in company-wide discussions on performance, planning, and execution.
  • Is a Corporate Culture champion by supporting and settling the tone of company culture. 
  • Provide long-range strategic direction and the overall execution of the business, departmental(s) and corporate plans.
  • Motivate and lead the development of new process, tools and methods for dealing with complex and cross-departmental activities.
  • Train Hungerford Properties people on corporate and Development related topics.
  • Ensure high level of engagement of all teams with direct or indirect interaction.
  • Create formal internal and external networks with key decision makers related to Development and serve as external spokesperson for Hungerford Properties.
  • Set vision and direction through resource allocation decisions (role, responsibilities, capacity, organization, prioritization) for Development.
  • Creates, analyze and monitor Development metrics.
  • Accountable for process efficiency for Development.
  • Attract and select diverse and high caliber talent for Development and the company
  • Ongoing People Performance Management and People Career Development

 

Department Accountabilities

  • Be accountable for in depth expertise and guidance on acquisition strategy, detailed due diligence and underwriting. Commitment to following Hungerford's team-based acquisition process.
  • Lead a team of experienced development professionals ensuring proper coaching, mentorship, role clarity, priority setting, and staff engagement. 
  • Responsible for departmental business objectives and key performance indicators for development projects (timeline, budget, returns, quality metrics for example). 
  • Responsibility for the design, product definition, and approvals of a variety of complex developments across Canadian markets and across a wide variety of asset classes. 
  • Responsible for external strategic relationships required for successful project delivery.
  • Accountability for accurate and high quality internal and external reporting and analysis.
  • Direct and advise on matters of technical development skills - across disciplines such as code, environmental, geotechnical, M&E, structural and core functional requirements of ground up development and refurbishment projects.
  • Hold consultants and project team accountable to ensure design risks are accurately identified; This requires a clear understanding of how design decisions can impact budget.
  • Demonstrate leadership in ensuring effective relationships and collaboration with internal Acquisition, Finance, Accounting, Legal, Construction, Asset Management, Property Management, Sales and Marketing Teams throughout the development cycle.
  • Provide timely and accurate direction to external consultants and Senior Management.
  • Support the Director of Planning to manage political risks and oversee all government approvals such as rezoning, development permits, OCP amendments, building permits and senior government approvals.
  • Support the Director of Construction to oversee the construction and site execution of projects.
  • Manage and develop the Development team members to lead site inspections, chair project and site meetings, initiate value engineering and manage issues between sub-trades, consultants and construction teams.
  • Oversee the maintenance and if necessary, refinement of industry best practices in company
  • Development process and training.
  • Other responsibilities as required.

 

Knowledge, Credentials and Required Experience

  • Evidence of successful progression within a property development environment with 15+ years of experience in the development process of residential multifamily, industrial, office, retail, and/or mixed-use projects.
  • Experience as a senior decision maker in an [institutional] developer environment with responsibility for a large number of development projects and development team.
  • A track record of successfully managing complex and challenging projects throughout the entire investment cycle of assets.
  • Able to display an entrepreneurial mindset and a strong understanding of the development business, risk/return tradeoffs.
  • Relevant post-secondary education such as Architecture, Engineering, Construction, Commerce with a concentration in Real Estate or Urban Land Economics.
  • Relevant local market knowledge and passionate about real estate development and construction
  • Frequent Travel in Canada required (rarely overnight).

 Competencies

  • Proven experience in managing large teams.
  • Recognized expert in the Real Estate industry.
  • If necessary, ability to perform financial modelling, risk assessment.
  • Results oriented, process minded, accountable and inspirational leader.
  • Proven record to build-up and a develop high performance team.
  • Self-motivated and possesses a high level of professionalism.
  • Strong computer skills including Word and Excel.
  • Strong verbal and written communication skills with the ability to work effectively in an individual setting.
  • Excellent work ethic and attention to detail.
  • Car is required to facilitate responsibilities.

 

The Candidate will also be someone who is completely aligned with Hungerford Properties Core Values. In addition to effectiveness in delivering key objectives, performance will be measured by the candidate’s capability to demonstrate the following 5 Values on a daily basis:

Ambition - Seeing possibility, stretching goals to exceed expectations, and persisting with extraordinary effort when challenged.

Diligence - Taking action in one’s role to remove errors, avoid pitfalls and minimize risk to produce deliverables of the highest professional standard. 

 Creativity - Dedicating time and energy to creative problem solving, seeking alternative and better approaches to get to the most effective, elegantly simple solutions.

 Relationships Building team with collaborative internal relationships in order to provide extraordinary service to our external relationships.

 CommunityTaking action to deliver lasting, meaningful impact on others’ lives, and the lives of their families – whether coworkers, business stakeholders or the larger community. 

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  • Location
    Vancouver, British Columbia
  • Department
    Development
  • Employment Type
    Full time
  • Minimum Experience
    Senior Manager/Supervisor
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