Due Diligence Manager at Lennar Mortgage

Welcome Home! Build your career with Lennar:

As one of the nation’s largest builders, Lennar has built over one million new homes for families across America.  Since 1954, our communities have catered to all lifestyles and family dynamics, whether you are a first-time or move-up buyer, multigenerational family, or active adult.

At Lennar, Everything’s Included in our homes, and Everyone’s Included on our team.  Our Everyone’s Included vision is to be as inclusive and diverse as the communities we build unleashing the power of diversity within our workforce to drive innovation & sustainable growth. 

Lennar's Core Values:

Our commitment to Quality, Value, and Integrity is the underlying foundation upon which Lennar was built, and these three fundamental principles still guide us in caring for our customers, associates, trade partners, shareholders, and community.

Due Diligence Manager Summary:

Primary role 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.

Responsibilities :

• 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 

• 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.

PHYSICAL REQUIREMENTS:

 This is primarily a sedentary office position which requires the ability to occasionally bend, stoop, reach, lift, move and carry office supplies and materials weighing 25 pounds or less.  Finger dexterity is required to operate computer keyboard, calculator and telephone equipment.  May operate a motor vehicle.

FLSA STATUS:

Exempt

Life at Lennar:

Lennar recognizes our associates are the heart of the company’s success. Learn new skills, build your path, and become an integral part of the Lennar Family. Lennar associates will be eligible for many benefits in accordance with Lennar’s policies and applicable plan terms, including:

• Health Insurance - Medical, Dental & Vision

• Vacation – up to 3 weeks of vacation per year upon hire

• Holidays, Sick Leave, & Personal Days

• 401(k) Savings Plan with company match

• Paid Maternity & Bonding Leave

• New Hire Referral Bonus Program

• Home Purchase Discount for Associates

• Associate Assistance Plan

• Everyone’s Included Day

• Student Debt Repayment Program

• This information is intended to be a general overview and may be modified by the Company due to factors affecting the business.

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

 

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• This information is intended to be a general overview and may be modified by the company due to factors affecting the business.

General Overview of Compensation & Benefits:

We reasonably expect the base compensation offered for this position to range from an annual salary of $78,936.84 - $123,814, subject to adjustment based on business-related factors such as employee qualifications, geographic pay differentials (e.g., cost of labor/living, etc.), and operational considerations.

• This position may be eligible for bonuses.
• This position may be eligible for commissions.
• This position will be eligible for the described benefits listed in the above section in accordance with Company Policy.
• This information is intended to be a general overview and may be modified by the Company due to factors affecting the business.

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