Manager of Capital Planning and Analysis
Los Angeles, California
State: CA
City: Los Angeles
Zip Code: 90025
Compensation: $85,300.00 - $173,700.00
Overview
Creating a better way to live is the purpose that binds AvalonBay associates. We take that purpose seriously and expect you will as well. By focusing on collaboration, innovation, and taking ownership of our choices and actions, we act in ways that focus on creating value for our customers, investors and associates. Your positive, professional, and consistent personal interactions make AvalonBay a great place to work.
The Role
Summary of Job Description
The Manager, Capital Projects Group oversees and is responsible for leading the planning, due diligence, scoping, design, underwriting, execution, and reporting of capital projects across the region. This role will develop scopes of work, budgets, and execution plans that align with business objectives set by Asset Management. They will lead cross-functional Asset Teams to execute on those business objectives and provide reporting on progress for all assigned projects in the region.
Essential Job Functions
Partners with Asset Management, Investments, Design, Residential Services, and Engineering to develop scopes of work, design drawings, budgets, underwriting, execution schedules, and logistical plans for projects within the region; pursues entitlements and permits as required; and prepares written investment packages.
Assists in 30% due diligence efforts and project feasibility for ADUs, apartment renovations, common area renovations, and other revenue generating capital projects as assigned.
Oversees the implementation of capital plans identified by Asset Management, Investments, Residential Services, and Retail by moderating Asset Team Meetings. Is responsible for setting meeting agendas, managing meeting minutes, tracking project milestones, issue identification and resolution with the overall objective of ensuring capital projects are planned, approved, and executed within the designated timeline and budget, and that quality and company goals are achieved. 30%
Provides monthly analysis and reporting of results and project status to partners and executives. 20%
Manages capital budgets, spending, and planning schedule, identifying spending trends, adherence to company guidance, and opportunities to reduce costs and improve efficiencies. 15%
Maintains knowledge of Company Construction & Design standards, local and state jurisdictional requirements relevant to our projects, and internal documentation requirements, contract requirements, and reporting standards and ensures projects confine to these standards
Non-Essential Functions
All other tasks as assigned by the manager.
Minimum Qualifications
Education:
Bachelor’s degree required with concentration in accounting, finance, business, economics, real estate, or architecture.
Master’s degree preferred.
Certification or Licensures:
None required.
Experience:
5+ years of asset management,development, or investments experience, with 2-3 of those years in a lead project management role.
Multi-family or attached residential experience required.
Knowledge, Skills and Abilities:
Demonstrates strong leadership skills including the ability to lead Asset Teams for assigned projects.
Motivates members of internal and external teams through influence and collaboration.
Demonstrated ability to shepherd multiple capital projects through the entire process, from concept to turnover to Residential Services (Property Management), while communicating with and managing a diverse group of team members to reach the
desired goals/timelines, including both third party consultants (i.e., designers, architects, and engineers) and internal AVB associates.
Is a self-starter and demonstrates the ability to work on a dynamic pipeline with a variety of projects in various stages of the project timeline Works independently on projects with varying degrees of complexity.
Ability to understand and report on financial performance of capital programs.
Strong written and verbal communication and analytical skills Makes decisions and evaluates situations with imperfect information.
Physical Demands:
Normal office environment
Working Environment:
Normal office environment
Some travel required
Training:
Satisfactory completion of AVB’s new hire orientation within 30 days of employment or the first training session offered after employment.
Satisfactory completion of AVB’s Management Essentials and Performance Evaluation within 9 months of employment in the position. Training must commence within 6 months of employment in the position.
Any other applicable training assigned by the manager.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
Comprehensive benefits — health, dental and vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more. Click on Benefits (https://jobs.avalonbay.com/benefits) for information.
Growth based on achievement and promotion from within.
Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
A 20% discount on our incredible apartment homes.
A culture built on purpose and our core values - A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Additional Info
AvalonBay is proud to be an equal opportunity employer and is committed to an inclusive and diverse work environment free of discrimination and harassment. We believe that in order to achieve our purpose of creating a better way to live, we must recruit, develop and retain associates with a wide range of backgrounds, experiences and perspectives and create an environment that encourages all voices to be heard, understood and appreciated. With this we know we can do great things.
AvalonBay makes employment decisions without regard to a person’s race, ethnicity, color, religion, sex, national origin, sexual orientation, gender identity, pregnancy (including childbirth, lactation or related medical conditions), age, physical or mental disability, genetic information (including characteristics or testing), citizenship status, military or veteran status, or any other status protected by the law.
Applications are being accepted on an ongoing basis.
AvalonBay does not require or request that you provide any information that identifies your age, date of birth, or dates of school attendance or graduation. Please redact this information prior to the submission of your application and/or leave these fields incomplete on your application.
For California residents, if you elect to apply to AvalonBay you accept the AvalonBay California Personnel Privacy Notice (https://www.avaloncommunities.com/california-personnel-privacy-notice/)
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