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VP of Land Acquisition

M/I Homes

Minneapolis, minnesota


Job Details

Full-time


Full Job Description

M/I Homes has been building new homes of outstanding quality and superior design for more than 40 years. Founded in 1976 by Irving and Melvin Schottenstein and guided by Irving’s drive to always “treat the customer right,” we have fulfilled the dreams of over 140,000 homeowners and grown to become one of the nation’s leading homebuilders. M/I Homes started as a family business and grew into a national leader in a single generation with divisions in 17 markets, including Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Detroit, Ft. Myers/Naples, Houston, Indianapolis, Minneapolis, Nashville, Orlando, Raleigh, San Antonio, Sarasota, and Tampa.

Job Summary:

Acquire and entitle the land necessary to meet division goals and projections.

Duties and Responsibilities:

  • Prospect for potential land acquisition opportunities. 
  • Provide information for and participate in the preparation of preliminary proforma financial analysis for land opportunities.
  • Negotiate terms and specific language to be included in purchase and sale agreements.
  • Manage the preparation and approval of all entitlement documents required for new land purchases.
  • Manage land purchases through entitlement processes.
  • Regularly attend City Council and Planning Commission meetings.
  • Provide information for and participate in the coordination of land acquisition packages (proforma's) for corporate approval.
  • Knowledge of homebuilding and land development costs.
  • Knowledge of building and permit fees.
  • Understand market trends, pricing, growth, and supply.
  • Actively monitor key performance dates.
  • Review escrow instructions and closing documents.
  • Review title reports, and coordinate title objection letters to sellers.
  • Review design guidelines.
  • Recommend product styles, square footages, and pricing.
  • Prepare summarization of proposed acquisitions.
  • Assist with special projects as requested and perform additional duties as required.  

Requirements

Minimum Education Experience:

Bachelor’s Degree: Professional Engineer (P.E.) preferred.  Minimum 5 years Land Acquisition experience in progressively responsible positions or equivalent combination of education and experience. Minimum of 5 to 10 years Land Acquisition experience with residential homebuilders that should include Single Family Homes, Active Adult Communities or Townhome Communities.

Skills and Abilities: 

  • Detailed and results oriented.
  • Observant, creative and investigative. 
  • Effective at human relation skills and maintaining business relationships.
  • Must have excellent negotiation and financial skills. 
  • Excellent oral and written communication skills. 
  • Strong understanding of profit margins and return on net assets. 
  • Maintain proactive contact with landowners/developers/brokers, etc. 
  • Ability to manage multiple tasks while keeping track of priorities so that all intended objectives are met. 
  • Managing priorities and accountability on the part of others who are preparing information for you.

Work Conditions:

Travel required.

Benefits

M/I Homes offers a comprehensive benefits package, including medical, dental, vision, paid time off and paid holidays, paid parental leave, traditional and Roth 401(k) options, profit sharing plan, employee stock purchase plan, employee home purchase plan and more.

We are committed to attracting, developing, and retaining diverse talent that reflects the customers we serve and the communities where we live and work.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

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