Development Risk Manager – Construction Oversight
| Company | Raymond James Financial |
|---|---|
| Location | Florida, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Senior |
Requirements
- Thorough understanding of architectural and engineering industry practices.
- Thorough understanding of development industry practices and techniques.
- Familiarity with Real Estate and Construction Contract Law.
- Understanding of partnership and other investment contract documents.
- Understanding of Title, Construction, Ownership and other relevant insurance policies.
- Thorough understanding of bank policies, procedures, investment, and loan structures.
- Familiarity with Environmental Risk Analysis.
- Professional degree in Architecture, Architectural Engineering, Civil/Structural Engineering or Construction Management.
- Minimum 5 years of experience in Architecture, Engineering, Construction Management or Real Estate Development.
Responsibilities
- Reviews the project design, entitlements, technical merit, building code, compliance, usability, and marketability of the project.
- Performs initial project underwriting site visit with development and production teams.
- Evaluates the qualifications of the development team.
- Contributes to the understanding and analysis of real estate market conditions and long term competitiveness of the project.
- Reviews development, design, and construction contracts for appropriate structure and terms.
- Analyzes the project budget, completion schedule, and delivery methods for material risk.
- Recommends and assists in review and negotiations of the partnership agreements.
- Analyzes overall risk and recommends appropriate level of oversight outsourcing.
- Determines insurance requirements in accordance with insurance guidelines and that the appropriate insurance certificates have been received before closing.
- Monitors and reports the progress of the development through construction and lease-up.
- Manages oversight and third-party consultants to mitigate and communicate the impact of cost overruns, change orders, and schedule revisions.
- Assists and advises developers and sponsors in negotiations and resolution of issues when problems develop.
- Monitor conformance with plans and specifications and perform periodic on-site inspections if material problems arise.
- Insures proper file documentation and compliance with funding requirements.
- Communicates the status of document compliance and discrepancies with the original underwriting assumptions.
- Evaluates equity fundings by reviewing and approving project draw requests and project accounting.
Preferred Qualifications
- Certification as either a Professional Engineer or Registered Architect is desired.
- AIA or PE strongly preferred.
- Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance.