Construction Risk Manager

National Equity Fund; Chicago (IL); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

Comprehensive benefits

Job summary

National Equity Fund is seeking a Construction Risk Manager in Chicago, IL to lead risk assessment, due diligence, and oversight of new residential construction, rehab, and renovation projects.

The role requires extensive construction experience, knowledge of codes and standards, and proven ability to manage third-party reviewers while coordinating with internal teams and investors.

Qualifications

• Ten years of progressively responsible experience in construction management, architecture, or engineering.
• Experience with multi-family residential projects is preferred.
• Knowledge of International Building Code Standards and accessibility requirements.
• Strong written and verbal communication abilities.

Responsibilities

• Evaluate development team qualifications for rehab, renovation, and new construction projects.
• Produce reports detailing construction attributes and potential risks.
• Oversee third party construction due-diligence reviews and recommend value engineering options.
• Monitor construction progress across multiple developments for quality, cost and schedule.
• Support General Partners and Investors and help meet project objectives.
• Assist in building inspections and capital repair recommendations with Asset Management.
• Provide training on construction management procedures to staff and partners.
• Maintain project communications and document key information in SMT or designated location.
• Review equity disbursement requests and non-equity payments; travel as needed.

Skills

Construction knowledge

Code standards

MS Office

Project scheduling

Third-party oversight

Education

4 Year Degree

Tools

Syndication Management Toolset (SMT)

Job description

Job Details

Job Location: Corp. Office - Chicago, IL - Chicago, IL 60661Position Type: Full TimeEducation Level: 4 Year DegreeJob Category: ConstructionNational Equity Fund, Inc. (NEF), a leading non-profit syndicator of low-income housing tax credits (LIHTC), is seeking a Construction Risk Manager to conduct a wide range of new business initiatives. The LIHTC program is the most important resource available today for creating affordable housing in the United States. NEF uses its extensive experience, talent, and resources to create sustainable affordable housing.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Evaluate the qualification of the development team for proposed rehab, renovation, and new construction developments relative to the complexity of the project under consideration. Coordinate closely with Project Management, Originations, and other departments of any deficiencies and work with appropriate NEF personnel to correct same.
• Produce written reports detailing construction attributes as well as potential risks
• Conduct or oversee third party construction due-diligence reviews for proposed projects. Provide or review written reports regarding findings, make recommendations including value-engineering alternatives
• Provide comprehensive monitoring of the construction progress on multiple developments for quality, cost, schedule compliance, and adherence to project documents. Oversee third party reporting including documentation to facilitate quality, cost and schedule control.
• Provide support to General Partners and Investors and assist in the development of solutions to meet quality, cost, and schedule objectives.
• Assist Asset Management staff in conducting or reviewing building inspections/evaluations and make recommendations for capital repairs and replacement strategies for the existing portfolio.
• Provide training as needed to internal NEF staff as well as external partners regarding construction management procedures.
• Provide support to internal NEF staff regarding general construction practices and assist in devising solutions to address issues on projects.
• Maintain effective project communication among NEF staff and other external parties by documenting all appropriate project-related information in NEF’s Syndication Management Toolset (“SMT”) or other location as designated.
• Review and approve or comment on all equity disbursement requests and non-equity payments as submitted by internal staff and external parties.
• Ability to travel as needed.
• Other duties as assigned by the Managing Director Construction Risk Management

THE IDEAL CANDIDATE

• Proven knowledge of construction methods and practices, particularly in the areas of new residential construction, residential rehab, and renovation.
• Knowledge of International Building Code Standards and accessibility requirements.
• Experience in contract and construction document reviews as well as the development and presentation of value engineering alternatives.
• Experience in and knowledge of construction progress and payment application practices.
• Knowledge of operations and maintenance requirements for building systemsand cost evaluations.
• Experience and proven ability in overseeing the engagement, management and performance of third-party consultants.
• Demonstrable expertise in MS Office software; the use of electronic-based design and construction documentation; scheduling and project documentation and control software.
• Ability to develop and maintain effective working relationships with NEF and LISC staff, developers, investors, lenders, local and state government officials, and other professional staff.
• Excellent oral and written, communication, and interpersonal skills.
• Ten years of progressively responsible experience in construction management, architecture, or engineering with at least two years of experience in multi-family residential projects.
• Experience with for-profit housing developers, nonprofit community development corporations or the development of affordable housing a plus.
• General knowledge of environmental issues related to development of contaminated properties for residential use a plus.
• Comprehensive understanding of architectural and engineering industry practices.

Benefits

• We offer a competitive salary, along with a comprehensive benefits package.

NEF IS AN EQUAL OPPORTUNITY EMPLOYER