Assistant Vice President, Construction Management
About The Position
CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of over 97,500 homes within 1,059 communities across the country. Thanks to the contributions of over 135 employees, CREA continues to seek talented, passionate individuals who are excited about opportunities to grow with us. We are seeking a talented AVP, Construction Management, to join our Construction Management team in Indianapolis. This position will primarily focus on construction underwriting, including reviewing development plans, specifications, construction schedules, budgets, third-party reports, and other due diligence materials to identify potential risks and recommend appropriate mitigation strategies. The remaining responsibilities will include construction monitoring, reviewing draw requests, conducting site inspections, supporting investor relationships, and helping guide projects toward successful completion. Serving as a critical partner to Acquisitions, Credit & Underwriting, Asset Management, and Syndications, you will provide comprehensive risk analyses and underwriting recommendations that help drive successful investment outcomes.
Requirements
- Bachelor’s degree in Construction Management, Engineering, Architecture, Risk Management, or a related field.
- Minimum of five years of relevant experience in construction, real estate development, or construction risk management, including direct experience underwriting multifamily or residential development projects; candidates with 5–7 years of experience are ideal.
- Ability to confidently interpret construction plans and technical documents, including geotechnical and environmental reports.
- Demonstrated ability to perform construction underwriting and due diligence, including analyzing development budgets, construction schedules, plans and specifications, third-party reports, project feasibility, and construction-related risks.
- Experience identifying construction and development risks and recommending appropriate mitigation strategies as part of the underwriting and investment approval process
- Strong computer proficiency, along with excellent written communication skills.
- Working knowledge of residential construction operations, design, and risk mitigation practices.
- Ability to travel approximately 25%, including overnight travel, throughout the continental United States.
- Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
- Self-motivated and resourceful, with the confidence and initiative to succeed with minimal supervision.
- Proven ability to manage multiple priorities simultaneously, balancing competing deadlines and resources with strong organizational and time-management skills.
- Demonstrates professionalism, integrity, and a team-oriented mindset, upholding high ethical standards in all aspects of work.
Nice To Haves
- Candidates with 5–7 years of experience are ideal.
Responsibilities
- Conduct pre-construction analyses covering key due diligence items, including site work, design plans and specifications, construction schedules, and budgets for senior & multi-family housing projects.
- Coordinate and assess third-party Construction Plan/Cost Reviews as well as Environmental Desktop Reviews.
- Evaluate and highlight the principal strengths, weaknesses, and potential risks of each proposed development.
- Identify risks revealed during the underwriting process and recommend appropriate mitigation measures.
- Prepare and deliver comprehensive pre-construction analysis reports to department leadership and Investment Committee members.
- Review monthly construction draw requests, examine third-party monitoring reports, and approve equity draw requests in collaboration with Asset Management.
- Visit project sites to conduct construction monitoring inspections as required.
- Compile site inspection reports detailing findings, observations, and risk assessments.
- Input and track property-specific construction data using CREA’s integrated web-based software.
- Collaborate closely with other departments within CREA.
Benefits
- The offered compensation rate will be based on factors such as education, qualifications, experience, and geographic location.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
