Due Diligence Manager at Lennar Homes

Due Diligence Manager

We are Lennar

Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and Associates by building quality homes and providing exceptional customer service, giving back to the communities in which we work and live in, and fostering a culture of opportunity and growth for our Associates throughout their career. Lennar has been recognized as a Fortune 500 company and consistently ranked among the top homebuilders in the United States.

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Primary role of the Due Diligence Manager will be to provide risk analysis and detailed land development budgets for the land acquisition team as well as work with multiple other departments to aid in new land opportunities. Responsible for managing a team of outside consultants and internal teams in the preparation of schedules, feasibility reports, and provide support in underwriting potential opportunities. May coordinate and assist in tasks in obtaining entitlements and development for new residential communities.

• A career with purpose.

• A career built on making dreams come true.

• A career built on building zero defect homes, cost management, and adherence to schedules.

Your Responsibilities on the Team

• Manage due diligence efforts for potential land acquisitions. This will include, but not be limited to, the preparation of feasibility studies, budgets, entitlement / development schedules, risk assessments, and title review.

• Exercise ownership of development of initial community entitlement documents, construction schedules, budgets, cash flow projections, title reports, conditions of approvals, and objectives.

• Responsible for coordinating with outside consultants and contractors for assessing project construction costs, entitlement processes and requirements, creating detailed schedules, and assisting in evaluation of overall development feasibility during due diligence efforts.

• Prepare collateral material (aerial photos, maps, exhibits, cover etc.).

• Coordinate with various consultants, including architects, engineers, landscape architects, soils and environmental engineers, traffic engineers, and public relations consultants to properly assess and characterize costs, risks, and development timing of communities in the due diligence period.

• Engage with state and federal agencies, such as CDFW, USFWS, ACOE and FEMA to properly characterize any and all obligations and impacts that the project may have under these various agencies.

• Manage processes and third-party reports required for deals in due diligence and ensure that reports are completed and evaluated within the timeframe that meets third party seller’s contractual requirements.

• Evaluate contracts, proposals and other documents required for vendors regarding the study and development of the property.

• Review and evaluate development plans for all new communities.

• Research and analyze approvals/permits, zoning, engineering plans, improvement estimates, off-site, phase 1 environmental reports, improvements/contributions, soils/geology, wetlands, utilities, affordable housing component/contribution, surveys and building costs.

• Evaluate land deals and work with Division Management to determine appropriate land price, product to maximize profits.

• Maintain file database, as well as other files and systems needed within the land department.

Qualifications

• High school diploma or GED required

• Bachelor’s degree or equivalent. Preferred emphasis in engineering, construction management, economics, finance, or a related real estate field.

• Five (5) years of experience minimum in land development, project management and/or land acquisition positions with residential or land development firms or consulting firms serving real estate industry clients.

• Advanced skills in Microsoft Office especially in the use of Excel spreadsheets and formulas for financial modeling, Microsoft PowerPoint, various Adobe platforms, and/or Bluebeam.

• Valid Driver’s License and good driving record

• Valid auto insurance coverage.

• Ability to communicate effectively and concisely, both verbally and in writing

• Ability to work well on a team.

• Strong researching skills and the ability to assemble information on a timely basis from a variety of sources.

• Ability to multitask, prioritizing multiple projects and adapting to changing priorities.

• Must exercise initiative and achieve objectives with minimal supervision.

• Must be detail-oriented and a problem-solver able to deal with complex situations.

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Life at Lennar:

At Lennar, Everything’s Included in our homes, and Everyone’s Included on our team. Our Everyone’s Included vision is to unleash the power of diversity within our workforce to drive innovation and sustainable growth.

At Lennar, we are committed to fostering a supportive and enriching environment for our Associates, offering a comprehensive array of benefits designed to enhance their well-being and professional growth. Our Associates have access to robust health insurance plans, including Medical, Dental, and Vision coverage, ensuring their health needs are well taken care of. Our 401(k) Retirement Plan, complete with a $1 for $1 Company Match up to 5%, helps secure their financial future, while Paid Parental Leave and an Associate Assistance Plan provide essential support during life's critical moments. To further support our Associates, we provide an Education Assistance Program and up to $30,000 in Adoption Assistance, underscoring our commitment to their diverse needs and aspirations. From the moment of hire, they can enjoy up to three weeks of vacation annually, alongside generous Holiday, Sick Leave, and Personal Day policies. Additionally, we offer a New Hire Referral Bonus Program, significant Home Purchase Discounts, and unique opportunities such as the Everyone’s Included Day. At Lennar, we believe in investing in our Associates, empowering them to thrive both personally and professionally. Lennar Associates will have access to these benefits as outlined by Lennar’s policies and applicable plan terms. Visit Lennartotalrewards.com to view our suite of benefits.

Lennar is an equal opportunity employer and complies with all applicable federal, state, and local fair employment practices laws.