CPACE Construction Asset Manager

TIAA; Illinois; On-site; USD 90,000 - 125,000; Full time

Job summary

An established industry player is seeking an Associate Director for CPACE Asset Management to oversee asset tracking and disbursement processes. This role involves working with various stakeholders to ensure smooth project execution, from loan closing to disbursement management. The ideal candidate will have significant experience in asset servicing and commercial real estate underwriting, along with strong project management skills to navigate challenges and maintain compliance with regulatory standards. Join a dynamic team where your expertise will contribute to impactful energy efficiency projects and foster positive contractor relationships.

Qualifications

• 3+ years of asset servicing and commercial real estate underwriting experience required.
• Ability to interpret loan documents and negotiate post-closing modifications.

Responsibilities

• Manage disbursement processes and maintain relationships with contractors post-loan closing.
• Identify project risks and ensure compliance with loan agreements.

Skills

Asset Servicing

Commercial Real Estate Underwriting

Project Management

Risk Analysis

Negotiation Skills

Education

University Degree

Job description

Associate Director, CPACE Asset Management
The Associate Director, CPACE Asset Management is responsible for ensuring that assets are tracked and disbursed per program and company requirements. Working under limited supervision, this role works with both internal and external stakeholders to support projects, including the collection of documents in advance of a disbursement, as well as tracking repayments after a loan has closed. This role is responsible for closing out projects and maintaining a positive relationship with contractors and building owners.

Key Responsibilities and Duties

• 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.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Sedentary Work

Required Qualifications:

• 3+ years of asset servicing and/or commercial real estate underwriting experience.

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 through 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.

Anticipated Posting End Date: 2025-04-21
Base Pay Range: $90,000/yr. - $125,000/yr.
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance.