CPACE Construction Asset Manager

TIAA; New York (NY); On-site; USD 90,000 - 125,000; Full time

Job summary

An established industry player is seeking an Associate Director for CPACE Asset Management. This pivotal role involves managing asset disbursements and maintaining strong relationships with contractors and stakeholders. You will oversee energy efficiency projects, ensuring compliance with loan agreements and regulatory standards. Your expertise in asset servicing and commercial real estate underwriting will be crucial as you navigate project challenges and drive successful outcomes. Join a dynamic team that values adaptability and collaboration, and contribute to impactful projects in the clean energy sector.

Qualifications

• 3+ years of asset servicing and/or commercial real estate underwriting experience.
• Ability to negotiate, structure, and underwrite post-closing modifications.

Responsibilities

• Provides customer service as the relationship manager after loan closing.
• Oversees disbursements on energy efficiency projects and tracks draw requests.
• Works with contractors and vendors to resolve project issues.

Skills

Accountability

Adaptability

Clean Energy Acumen

Collaboration

Commercial Mindset

Consultative Communication

Continuous Improvement Mindset

Executive Presence

Prioritizes Effectively

Stakeholder Engagement

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, and underwrite post-closing modifications.

Related Skills: Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement
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 (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).