VP of Development, Cornerstone

VP of Development, Cornerstone Montrose, CO 81403 $225,000

• $275,000 a year
• Full-time $225,000
• $275,000 a year

•

Full-time Position Title:

Vice President of Development, Cornerstone Company:

Reef Capital Salary:

$225,000-275,000 + Bonus; Relocation provided

Location:

Telluride, Colorado About Reef:

Reef is a Utah-based vertically integrated investment and development firm founded in 2005. Reef's team is currently involved in some of the most prominent development transactions in Utah and other targeted geographies across the United States. Built on two decades of success, our investment approach combines proven expertise with purposeful innovation. Reef's team has completed more than 500 transactions across all lines of business. In addition to our real estate investment strategy, Reef and/or affiliates own and operate various businesses that add significant long-term value to its projects. We have grown rapidly, growing from about 25 employees to well over 400, with managed assets on behalf of over 750 institutional and individual partners worldwide. With the motto "Expect the Best," Reef's most prominent developments include Black Desert Resort, a $2 billion luxury resort in Ivins, Utah; Marcella, a luxury private golf community in Park City, Utah; Tributer Resort, Virginia's newest premier private lakeside golf destination; Cornerstone Club, a 5,000-acre residential community, private club, and resort in Telluride, Colorado; Sweetens Cove, a renowned and evolving golf destination nestled in the Tennessee Valley; and the restoration of the historic Coco Palms Resort in Wailua, on the island of Kauai, Hawaii. At Reef, our mission is to recruit, develop, and retain entrepreneurial individuals who desire to build and create something long-lasting and meaningful. Our business enables bright, committed people to work in high-performing teams within an environment that allows each person to achieve their professional objectives. Reef values a strong culture dedicated to the health and well-being of our employees.

Position Summary:

Reef is seeking a Vice President of Development (VP of Development) to oversee development operations for Cornerstone. The VP of Development is the senior execution leader on a specific project and serves as the primary deputy to the Project Director and Development Director. This person will work to drive day-to-day execution across all phases of the development lifecycle, including entitlement, design, procurement, and construction coordination.

Responsibilities:

Day-to-Day Project Execution Leadership Lead day-to-day execution of development activities across all project phases within authority delegated by the Project Director and Development Director Drive progress against approved scope, schedule, and milestone commitments. Directly manage planners, consultants, designers, and other working-level counterparties. Resolve cross-functional execution issues at the working level, escalating only matters that exceed delegated authority or require strategic decision-making. Cross-Functional Coordination Coordinate Planning & Design, Construction, and Development activities across all active phases of the project. Work through the EVP of Planning & Design and EVP of Construction for functional execution while maintaining tight working-level alignment. Serve as the primary point of contact for routine project coordination when the Development Director is focused on strategic, external, or PSG-facing responsibilities. Business Plan Execution Support Support the Project Director and other development leadership in delivering the PSG-approved development business plan. Work closely with the Development Operations Manager to remain current on financial model performance, master schedule status, and cash flow projections. Ensure that working-level execution decisions remain aligned with underwriting assumptions, approved scope, and delegated strategic direction. Direct Project Management Assume direct ownership of mission-critical development scopes when coordination demands allow. Lead specific amenities, sub-projects, or early-stage development workstreams from feasibility through handoff to a Project Manager. Ensure that all directly managed scopes are fully integrated into the Development Operations Manager's financial model and master schedule and governed with the same rigor as all other active workstreams. Team Oversight & Escalation Govern Development Managers on behalf of the Project Director/Development Director, consistent with the established delegation framework. Identify execution bottlenecks, sequencing challenges, and resourcing gaps across the project. Escalate material issues, risks, or deviations promptly, with clear framing and recommended paths forward. Provide execution context, risks, and status updates to the Development Operations Manager to support PSG materials and decision-making.

Qualifications:

Bachelor's degree in Real Estate, Finance, Construction Management, Architecture, Engineering, Urban Planning, or a related field. 8+ years of progressive experience in real estate development with responsibility across entitlement, design, procurement, and construction coordination. Proven experience serving as a senior execution leader on complex development projects under delegated authority from an executive Development Director or sponsor. Demonstrated ability to manage consultants, planners, designers, and Development Managers while coordinating effectively across Planning & Design, Construction, Finance, and Development functions. Strong working knowledge of development underwriting, financial models, cash flow forecasting, and schedule integration. High level of judgment and execution discipline, with the ability to resolve working-level issues independently and escalate appropriately when matters exceed delegated authority. Experience delivering large-scale, mixed‑use, hospitality, resort, or master‑planned developments and working within a vertically integrated development organization preferred.

Company Benefits:

401(k) Plan with Company Match Generous Health Plan with HSA Match Relocation Assistance Vehicle Reimbursement Flexible Paid Time-off Daily Company Lunches Cell Phone Service Allowance Discounts at Company-owned Resorts and Golf Courses