CPACE Construction Asset Manager
| Company | TIAA |
|---|---|
| Location | Frisco, TX, USA, Chicago, IL, USA, New York, NY, USA, Darien, CT, USA |
| Salary | $90000 – $125000 |
| Type | Full-Time |
| Degrees | |
| Experience Level | Senior |
Requirements
- 3+ years of asset servicing and/or commercial real estate underwriting experience.
Responsibilities
- Provides customer service as the relationship manager after loan closing, including guiding contractors through our disbursement process and ensuring a positive experience.
- Oversees disbursements on energy efficiency projects, including items such as: processing and project managing draw requests and tracking/reporting draw amounts and interest accrued.
- Ensures asset activity is communicated in advance to appropriate parties – lenders, administrators, and accountants.
- Identifies critical risks / project setbacks through review / analysis of submitted documentation including budget allocations, title documentation and site inspections.
- Works with contractors, sub-contractors, vendors, engineers/inspectors, attorneys and borrowers to resolve any project issues or documentation needs as they arise.
- Ensures all construction projects adhere to conditions as outlined in the Loan Agreement, follow regulatory standards and maintain the approved schedule / budget within the credit policy.
- Coaches and reviews the work of lower level professionals.
Preferred Qualifications
- 5+ years of asset servicing and/or commercial real estate underwriting experience.
- Experience in commercial construction project management.
- Experience monitoring assessments to identify risks of construction stalling, or non-payment and proactively work though credit analysis and strategic approaches to resolution.
- Ability to interpret loan documents to enforce terms and conditions and confirm compliance.
- Ability to Negotiate, structure, underwrite post-closing modifications.