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Development Coordinator

Crow Holdings
4 days ago
Full-time
On-site
Los Angeles, California, United States

Crow Holdings Development (CHD) is a leading real estate development company specializing in multifamily, industrial, and office development across high-opportunity markets in the United States. Led by a highly experienced leadership team, CHD has developed more than 292,000 multifamily units since 1977 and 77 million square feet of industrial space since 2013 and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with over 75 years of history, $34 billion of assets under management, and an established platform with a vision for continued success. The firm’s ongoing legacy is rooted in its founding principles: partnership, collaboration, and alignment of interests. For more information, please visit www.crowholdings.com.

 Position Summary

Crow Holdings Development seeks a Development Coordinator to support the execution of industrial development projects, with a focus on construction administration, lender draw coordination, contract management, and compliance tracking. This role is highly detail-oriented and operationally focused, ensuring projects run smoothly from documentation, reporting, and process management perspectives.

Primary Responsibilities

Contract Administration

  • Collect vendor contracts and tracks billings against contract values.
  • Notify Development Manager of additional and hourly services and budget overruns.
  • Certificate of Insurance Management – collects, tracks, and ensures compliance of Contractor and Subcontractor COI.
  • Track key dates and deliverables
  • Support reporting requirements for lenders and capital partners
  • Assist with close-out documentation and warranty tracking

Project Budget Tracking

  • Enter budgets in Yardi
  • Process project budget revisions and Change Orders
  • Meet with the project and construction managers to review project budgets.
  • Maintains an accurate log of budgets and committed costs.

Invoice Processing

  • Validation of vendor invoices against contracts.
  • Maintains actual costs of construction report, validates contractor payment requests & collects required supporting documentation.
  • Process weekly overhead invoices and special check requests as needed in Yardi
  • Process project invoices according to accounting draw schedule deadlines
  • Tracks vendor payment status.

Draw Requests

  • Work with corporate accounting to process monthly draw requests according to project schedules
  • Collects required lien waivers and final releases.
  • Review and distribute monthly draws to partners, lender, and CHI internal parties
  • Liaison with bank and development team regarding loan draw necessary documentation
  • Release of payments upon funding

Audit and Reporting

  • Audit job cost reports for cost overruns and discrepancies
  • Work closely with the Project Management team and vendors and to research and resolve any discrepancies
  • Assist project teams with any questions or needs related to the accounting department.
  • Coordinate with Project Management Team on partner and lender reporting requirements.

Project Support

  • Support scheduling coordination with contractors and consultants
  • Assist with meeting coordination and documentation
  • Track permitting and inspection status
  • Provide general administrative support to development team

Desired Skills & Experience

  • Bachelor’s degree in Business, Finance, Accounting, or equivalent experience preferred
  • 1-5 years of experience in the construction or real estate development industry in an accounting capacity preferred
  • Proficiency in Microsoft Outlook, Word & Excel programs required.
  • Experience with Yardi accounting software preferred.
  • Familiarity with construction budgets and pay applications
  • Experience working in a fast-paced environment with the ability to meet short and long term deadlines
  • Excellent time management and organizational skills, with a commitment to accuracy and attention to detail
  • Highly effective written and verbal communication
  • Strong interpersonal skills with the ability to take initiative, multi-task, be a team player and adapt to shifting priorities