Associate Director, CPACE Asset Management

TIAA•Darien, NY

10d•Onsite

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.

Requirements

3+ Years Required in Construction loan administration and debt asset management
Accountability
Adaptability
Clean Energy Acumen
Collaboration
Commercial Mindset
Consultative Communication
Continuous Improvement Mindset
Executive Presence
Prioritizes Effectively
Stakeholder Engagement

Nice To Haves

University (Degree) Preferred
5+ Years Preferred in Construction loan administration and debt asset management
CPACE experience a plus

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.