Senior CPACE Asset Manager – Construction Disbursements

Nuveen, a TIAA company; New York (NY); On-site; USD 84,000 - 117,000; Full time

Job summary

Nuveen, a TIAA company, seeks an Associate Director for CPACE Asset Management to lead asset tracking and disbursement processes in line with program requirements. You will coordinate with contractors, lenders and owners to ensure timely draw requests and accurate reporting after loan closings.

The role requires 3+ years in construction loan administration and debt asset management, with 5+ years preferred; CPACE experience is a plus and a university degree is preferred.

Qualifications

• 3+ years in construction loan administration and debt asset management.
• 5+ years preferred in construction loan administration and debt asset management.
• CPACE experience is a plus.
• University degree preferred.

Responsibilities

• Provides customer service as the relationship manager after loan closing, guiding contractors through the disbursement process.
• Oversees disbursements on energy efficiency projects, including draw processing and reporting of draw amounts and interest.
• Ensures asset activity is communicated to lenders, administrators, and accountants.
• Identifies risks and project setbacks by reviewing budgets, titles, and site inspections.
• Works with contractors, sub-contractors, vendors, engineers/inspectors, attorneys and borrowers to resolve issues.
• Ensures construction projects adhere to loan agreements, regulatory standards, and approved schedules/budgets.
• Coaches and reviews the work of lower level professionals.

Skills

Relationship management

Project coordination

Stakeholder communication

Attention to detail

Education

University degree

Job description

Nuveen, a TIAA company, seeks an Associate Director for CPACE Asset Management to lead asset tracking and disbursement processes in line with program requirements. You will coordinate with contractors, lenders and owners to ensure timely draw requests and accurate reporting after loan closings.

The role requires 3+ years in construction loan administration and debt asset management, with 5+ years preferred; CPACE experience is a plus and a university degree is preferred.