TIAA - Frisco, TX

posted 12 days ago

- Mid Level
Frisco, TX
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Associate Director, CPACE Asset Management is responsible for ensuring that assets are tracked and disbursed per program and company requirements. Working under limited supervision, this role works with both internal and external stakeholders to support projects, including the collection of documents in advance of a disbursement, as well as tracking repayments after a loan has closed. This role is responsible for closing out projects and maintaining a positive relationship with contractors and building owners.

Responsibilities

  • Provides customer service as the relationship manager after loan closing, including guiding contractors through our disbursement process and ensuring a positive experience.
  • Oversees disbursements on energy efficiency projects, including items such as: processing and project managing draw requests and tracking/reporting draw amounts and interest accrued.
  • Ensures asset activity is communicated in advance to appropriate parties - lenders, administrators, and accountants.
  • Identifies critical risks / project setbacks through review / analysis of submitted documentation including budget allocations, title documentation and site inspections.
  • Works with contractors, sub-contractors, vendors, engineers/inspectors, attorneys and borrowers to resolve any project issues or documentation needs as they arise.
  • Ensures all construction projects adhere to conditions as outlined in the Loan Agreement, follow regulatory standards and maintain the approved schedule / budget within the credit policy.
  • Coaches and reviews the work of lower level professionals.

Requirements

  • 3+ years of asset servicing and/or commercial real estate underwriting experience.

Nice-to-haves

  • 5+ years of asset servicing and/or commercial real estate underwriting experience.
  • Experience in commercial construction project management.
  • Experience monitoring assessments to identify risks of construction stalling, or non-payment and proactively work though credit analysis and strategic approaches to resolution.
  • Ability to interpret loan documents to enforce terms and conditions and confirm compliance.
  • Ability to Negotiate, structure, underwrite post-closing modifications.

Benefits

  • Comprehensive Total Rewards package designed to make a positive difference in the lives of associates and their loved ones.
  • Superior retirement program.
  • Highly competitive health, wellness and work life offerings.
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