Saint Petersburg, FL, 33747, USA
20 days ago
Development Risk Manager - Construction Oversight
**Position Summary** Under limited supervision, the Development Risk Manager (“DRM”) works within RJAHI’s Asset Management group. The DRM will be a member of a professional team that provides expertise and analysis for affordable housing investment and asset management activities. For investments representing moderate risk and complexity, performs underwriting functions for to-be-built or existing developments, and manages development risk through construction lease-up. Also, performs administration of the documentation and funding requirements, and provides consulting support through a high level of professional service and conduct to existing and potential customers. **Specific Responsibilities** **Underwriting (with moderate supervision)** + Reviews the project design, entitlements, technical merit, building code, compliance, usability, and marketability of the project. + Performs initial project underwriting site visit with development and production teams. + Evaluates the qualifications of the development team. + Contributes to the understanding and analysis of real estate market conditions and long term competitiveness of the project. + Reviews development, design, and construction contracts for appropriate structure and terms. + Analyzes the project budget, completion schedule, and delivery methods for material risk. + Recommends and assists in review and negotiations of the partnership agreements. + Analyzes overall risk and recommends appropriate level of oversight outsourcing. + Determines insurance requirements in accordance with insurance guidelines and that the appropriate insurance certificates have been received before closing. **Development Risk Management (with moderate supervision)** + Monitors and reports the progress of the development through construction and lease-up. + Manages oversight and third-party consultants to mitigate and communicate the impact of cost overruns, change orders, and schedule revisions. + Assists and advises developers and sponsors in negotiations and resolution of issues when problems develop. + Monitor conformance with plans and specifications and perform periodic on-site inspections if material problems arise. **C. Administration (with minimal supervision)** + Insures proper file documentation and compliance with funding requirements. + Communicates the status of document compliance and discrepancies with the original underwriting assumptions. + Evaluates equity fundings by reviewing and approving project draw requests and project accounting. **Knowledge Base** + Thorough understanding of architectural and engineering industry practices. + Thorough understanding development industry practices and techniques. + Familiarity with Real Estate and Construction Contract Law. + Understanding of partnership and other investment contract documents. + Understanding of Title, Construction, Ownership arid other relevant insurance policies. + Thorough understanding of bank policies, procedures, investment, and loan structures. + Familiarity with Environmental Risk Analysis. **Educational Background and Professional Expertise** + Professional degree in Architecture, Architectural Engineering, Civil/Structural Engineering or Construction Management. + Minimum 5 years of experience in Architecture, Engineering, Construction Management or Real Estate Development. + Some experience of course work in Real Estate Finance. + Some experience or course work in Development Cost Accounting and Risk Management. + Some experience or course work in Environmental Risk Assessment. **Qualifications** **Knowledge, Skills, and Abilities** **Knowledge Of** + Entitlement/permitting process and construction delivery methods and agreements. + Construction best practices, general building codes, and various building types + Process of preparing and monitoring a multi-family housing construction schedule. + Familiarity with the preparing and monitoring of a detailed construction budget. + Evaluating cost and schedule impact of change orders. + Familiarity with environmental site assessment requirements of residential construction. + Fundamental concepts, principles, and practices of the real estate and construction industry. + General principles of banking and finance industry operations. **Skill In** + Reading construction drawings and specifications. + Reading and understanding contracts and other real estate transaction documentation. + Knowledgeable in the use of Excel and real estate financial projections. + Operating standard office equipment and using required software application to produce correspondence, reports, electronic communication, and spreadsheets. **Ability To** + Communicate effectively both oral and written. + With minimal guidance/supervision, organize, manage and track multiple detailed tasks and assignments with frequently changing priorities in a fast-paced work environment to meet required results. + Provide accurate and high quality work product in a timely manner. + Proactively demonstrate readiness and ability to initiate action. + With some guidance/supervision, work independently as well as collaboratively within a positive team environment. + Compile data from multiple sources, review, and accurately input data into various spreadsheets or database. + With some guidance/supervision, identify required tasks, develop timelines and execute. + Project a positive, professional image both internal and with external business contacts. + Convey information clearly and effectively through both formal and informal documents. + Identify relationships, draw logical conclusions and interpret results for use in decision making. + Utilize engineering/architecture background to evaluate proposed change orders, and verify whether design and cost support the investment objectives of the fund. + Assist with preconstruction investment analyses, including evaluation of 3rd party plan and cost reviews, physical needs assessments, and fielding design inquiries from investors and developers. + Periodically visit projects under construction, utilizing engineering and/or construction background to evaluate construction risk on site.Education/Previous Experience + Bachelor’s degree in Architecture, Engineering, Construction Management, or related field and a minimum of five (5) years construction administration, architecture, engineering experience. + Certification as either a Professional Engineer or Registered Architect is desired ~or~ + Any equivalent combination of experience, education, and/or training approved by Human Resources. **Licenses/Certifications** + AIA or PE strongly preferred
Por favor confirme su dirección de correo electrónico: Send Email