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Development Manager (Legal & General Affordable Homes)

Location:
South Littleton
Company:
Legal & General

Description

Your role at a glance

Are you ambitious, driven and passionate about helping to tackle the UK's Affordable Housing crisis?

We have a fantastic opportunity for an experienced Development Manager to join our growing affordable housing business, backing a fast-growing pipeline of over 80,000 homes over the next five to ten years!

You will support the Head of Development to source, appraise, scrutinise and contract s106, package deals, land led and joint ventures and manage a pipeline across local authority areas.

We have two vacancies available - One to cover the South West region and one to cover the Midlands.

What you'll be doing
  • Undertake business development activities in relation to the new business opportunities within the designated area targeting, overseeing the pricing and negotiation of schemes, and executing affordable housing forward funding and direct acquisitions from house builders and developers.
  • Prospect opportunities, appraising the schemes jointly with Finance and Operations teams, and then appraising and testing schemes in accordance with the approved investment parameters and the scrutiny processes and reporting to the Head of Deevlopment. Review and ensure that scheme appraisals are 100% accurate.
  • Peer reviewing schemes as required and providing recommendations to manage risks, optimise quality and deliver good value for money.
  • Ensure a robust sign-off process is followed in line with agreed governance policies, operating within agreed financial and risk parameters.
  • Manage all negotiations in a transparent, trustworthy and honest manner and to ensure the reputation of the company is safeguarded at all times and ensure that projects are contracted in accordance with the approvals and in accordance with the adopted policies and procedures.
  • Effectively plan, monitor and disburse all items of expenditure associated with the acquisition pipeline.
  • Be responsible for the effective contracting and work with the project management team to ensure the successful project management of schemes to ensure they are delivered in accordance with the programmes and to a high quality of finish and a high level of customer satisfaction.
  • Ensure that schemes are completed to the standard delivery requirements, ensuring that these standards are met by all counterparties.
  • Monitor scheme bidding performance and pricing to ensure that the team are procuring at values which reflect the needs of the business.
What we're looking for

Qualifications:

  • Degree educated or equivalent
  • Excellent academic background, with a strong numerical aptitude

Track record

  • Sourcing and contracting residential affordable housing investments and/or developments
  • Maintaining trustworthy relationships with developers and house builders that are current and potential future partners and clients
  • Delivering good returns and effective project management and risk management

Experience

  • Substantial local knowledge of both the social housing and wider residential sectors, in particular an expert understanding of social housing development, housing management and regulatory requirements
  • Knowledge of developing new business relationships
  • Acting efficiently and productively within defined decision making processes
  • Development management of affordable housing schemes.
  • Commercial and financial management of affordable housing schemes.

Skills/ Attributes:

  • A self-driven entrepreneurial spirit that embraces change and opportunity
  • A commercial development manager that works collaterally with colleagues within and across the business with the capability of being highly effective in a corporate environment
  • Ability to build new business ventures and teams to change business models and be “disruptive”
  • Decisive whilst working at a quick pace
  • Significant problem solving and “soft skills”
Benefits

Whatever your role, we reward ability, performance and attitude with a package that looks after all the things that are important to you. Our employees have a wide range of benefits including a generous pension scheme, 10% car allowance, life assurance, employee private medical insurance, 25 days' holiday, performance related bonuses. Your hard work will be rewarded when you join us.

About L&G

As a company, to be one of the world's largest Asset Managers, homebuilders, pension providers and insurances brands, we are diverse by our very nature. And we're a company that wants to use our diversity and influence to make society better in the long term - for everyone. To do this we need to be a company that welcomes everyone, where everyone can succeed. That means we're committed to building an inclusive culture in L&G where we can all perform at our best, no matter who we are, what we do or where we do it. So whoever you are, wherever you are, whatever your story, we'd love to hear from you.

About the business area

Legal & General Affordable Homes is a subsidiary of Legal & General Capital, which invests its long-term capital into sectors where there has been a shortage of investment and innovation, focusing on growth opportunities and scale ups. Focused on supporting the UK’s demographic and affordable living needs, and consistent with Legal & General’s housing growth strategy, Legal & General Affordable Homes is leading the evolution of the affordable housing sector with an aim to become the leading private affordable housing provider in the UK. Through collaborating with developers, housing associations and public sector bodies across the country, L&G Affordable Homes is forward-funding new build affordable housing, bringing volume institutional capital to the social housing sector with initial target markets being affordable rent, shared ownership and rent-to-buy.

Please contact Stacie Burnett, Resourcing Lead - Stacie.Burnett@landg.com for further information.

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