Senior Construction Risk Manager - Affordable Housing

National Equity Fund, Inc.; Chicago (IL); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Competitive salary

Comprehensive benefits package

Job summary

National Equity Fund, Inc. is seeking a Construction Risk Manager to lead underwriting and risk analysis for new construction and rehab projects in affordable housing. The role supports the Asset Management department and collaborates with multiple teams to ensure quality, cost and schedule objectives.

You will review development teams, oversee due-diligence, and provide consultation to investors and partners. Strong leadership, communication, and construction knowledge are essential.

Qualifications

• 10 years of progressively responsible experience in construction management, architecture, or engineering; at least 2 years in multi-family residential projects.
• Excellent oral and written communication and interpersonal skills.
• Proven ability to oversee engagement and performance of third-party consultants.
• Knowledge of cost evaluations, scheduling, and construction progress/ payment practices.
• Experience with for-profit housing developers, nonprofit developers, or affordable housing development is a plus.

Responsibilities

• Evaluate development team qualifications relative to project complexity and coordinate with NEF personnel to address deficiencies.
• Produce written reports detailing construction attributes and potential risks.
• Oversee third-party due-diligence reviews and provide recommendations including value-engineering alternatives.
• Monitor construction progress for quality, cost, schedule compliance, and alignment with documents.
• Support General Partners and Investors; assist in developing solutions to meet objectives.
• Assist in building inspections/evaluations and recommend capital repairs for the portfolio.
• Provide training on construction management procedures to NEF staff and external partners.
• Document project information in NEF’s Syndication Management Toolset (SMT).
• Review equity disbursement requests and non-equity payments; travel as needed.

Skills

Construction management

Communication skills

MS Office

Project documentation

Tools

Syndication Management Toolset SMT

Job description

National Equity Fund, Inc. is seeking a Construction Risk Manager to lead underwriting and risk analysis for new construction and rehab projects in affordable housing. The role supports the Asset Management department and collaborates with multiple teams to ensure quality, cost and schedule objectives.

You will review development teams, oversee due-diligence, and provide consultation to investors and partners. Strong leadership, communication, and construction knowledge are essential.