Associate Capital Director, Construction
About The Position
The Associate Capital Director serves as the second member of a two-person capital function and reports directly to the Lead Capital Director. The role oversees capital expenditures across a diversified portfolio of office, industrial, retail, and multifamily assets. The Associate Capital Director independently leads defensive CAPEX and renovation projects and provides first-level technical review of due diligence, budgets, contracts, and draws within delegated authority. The position is also the day-to-day coordination point for the function’s third-party delivery network. Mission-critical, high-risk, and development matters are led by the Lead Capital Director, with the Associate Capital Director supporting their execution. The role extends the function’s coverage and capacity across acquisitions and asset management and is not an administrative or assistant position. This is an on-site position in New York, New York. The position does not provide visa sponsorship; candidates must be authorized to work in the United States without sponsorship.
Requirements
- Bachelor’s degree in a related field such as Engineering, Architecture, or Construction Management.
- Minimum of 7 years of experience in capital projects, construction, or engineering within commercial real estate.
- Demonstrated experience reviewing engineering reports, budgets, and construction contracts.
- Strong technical knowledge of building systems, construction methods, and environmental issues.
- Proven ability to manage multiple projects and external consultants simultaneously.
- Strong analytical, organizational, written, and verbal communication skills.
- Ability to work independently within delegated authority while escalating appropriately.
- Must be authorized to work in the United States without visa sponsorship.
Nice To Haves
- Master’s degree in a related field or professional licensure (PE, RA, or similar).
- Experience across multiple asset classes, including office, industrial, retail, and multifamily.
- Familiarity with institutional investment management structures and reporting requirements.
- Experience with development oversight, entitlements, or GMP contract review.
- Knowledge of national vendor agreements and maintenance audit programs, such as fire sprinkler, roofing, and elevator programs.
- Strong desire to gain exposure to real estate investment strategy and execution and to leverage engineering and construction expertise in support of those efforts.
Responsibilities
- Manage and coordinate engineering and environmental due diligence on acquisitions and dispositions, including Property Condition Reports, environmental and PML studies, and construction diligence reports.
- Perform first-level reviews of due diligence documents and consultant reports, identifying omissions, inconsistencies, and material findings.
- Independently lead the planning and execution of defensive CAPEX and renovation projects from concept through closeout, within delegated authority.
- Review project scopes, budgets, schedules, proposals, and construction contracts, identifying risk-allocation and commercial issues.
- Perform initial reviews of draws, lien waivers, invoices, and supporting documentation for consistency with approved budgets and contracts.
- Serve as the primary coordination point for third-party consultants, outside counsel, construction monitors, and owner’s representatives.
- Respond to architectural, engineering, and environmental issues at managed properties, working with contract property management to resolve them.
- Support the Lead Capital Director on development matters, including validating budgets, reviewing construction documents, and negotiating contracts.
- Conduct property inspections and collaborate with asset managers on capital improvement plans and long-term maintenance strategies.
- Evaluate construction and operational risks, support insurance renewals, and coordinate responses to environmental incidents.
- Escalate mission-critical, high-risk, or out-of-authority issues to the Lead Capital Director and support execution under their direction.
- Maintain continuing awareness of relevant laws, building codes, and market trends affecting capital work, and sustain in-depth networks in key markets.
Benefits
- 401(k) plan with matching company contributions.
- Comprehensive medical, dental, and vision care.
- Paid parental leave at 100% of salary.
- Paid time off and company holidays.
- Early access to earned wages through Daily Pay.
- Supportive culture and comprehensive benefits package prioritizing mental, physical, and emotional health.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
