AVP Construction Risk Manager - Sustainability (Affordable Housing Finance)

The Community Preservation Corporation•Chicago, IL

15d•$120,000 - $140,000•Remote

About The Position

The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974. Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap and Investing in the Green Economy. As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration. Role Summary: The AVP, Construction Risk Manager – Sustainability Specialist, will assist in managing CPC’s funding portfolio, including those within NYS’s CFHF-funded retrofit program and Climate Capital, a subsidiary of CPC. The individual will work with CPC’s lending teams company-wide and will be responsible for providing technical expertise regarding sustainability guidelines, procedures, policies and best practices for investments. The individual will be responsible for tracking and overseeing construction progress, reviewing construction disbursement recommendations and interfacing with project engineers, developers and contractors. They will assist in identifying risks which may delay construction and play a proactive role in developing solutions to resolve issues. They will be part of a team that is integral to the integrity and execution of CPC’s companywide platforms.

Requirements

BS/BE degree required in Environmental Sciences or related field, Sustainable Design, or Mechanical Engineering. Master’s degree beneficial.
Minimum of five (5) years’ experience in construction management and/or development and demonstrated expertise with construction consulting service firms in New York City, New York State and other major urban areas
Minimum two (2) years’ experience in a construction lending environment, and/or representing construction lenders, with significant responsibility managing construction risk
Experience with, and knowledge of, multifamily energy efficiency retrofit scopes of work, sustainability, and building electrification measures, required
Strong Word, Excel, and PowerPoint skills
Demonstrated ability to manage multiple tasks requiring strong attention to detail
Must be a self-starter, team player, yet also able to work independently.
Superior verbal and written communication skills, and presentation skills
Strong analytical, organizational, and problem-solving skills
Alignment with CPC’s core values: commitment, respect, excellence, accountability, and collaboration.

Nice To Haves

Master’s degree beneficial.
Working experience with affordable housing finance a plus, including familiarity with subsidy and grant sources

Responsibilities

Lead portfolio monitoring and risk management processes for CPC’s sustainability portfolio
Regularly interact with all parties to the transactions including but not limited to: originators/underwriters, program staff, program engineers, grantees/borrowers, contractors/installers, governmental partners, internal legal counsel, and other external partners
Review/approve grant/loan packages submitted by originators, including the Basis of Design, Plans, Budget, Schedule and Contracts ensuring scope and all related construction documents comply with program requirements
Review project advance requests, including review of engineer submitted Site Observation and Commissioning reports, ensuring compliance with requirements of funding source, CPC policies and procedures, as well as construction risk best practices
Track and provide reporting on project budgets and the availability of funds during construction as it relates to the construction timeline and anticipated construction draws, ensuring that projects remain in balance. Review and approve, if applicable, paperwork required for ongoing project advances.
Collect and coordinate all documentation on recently completed projects to facilitate return (“reassignment”) back to State or conversion to permanent financing.
Attend project site visits as needed per program requirements
Provide training seminars to internal and external clients on sustainability construction risk guidelines, procedures and policies
Work to develop best practices and equipment type recommendations for various building type sustainability retrofits.
Provide policy and technical expertise in support of current local and State sustainability guidelines and requirements, as well as to support the design of future decarbonization and energy efficiency programs.

Benefits

Competitive compensation
401(k) retirement plans with employer match
Medical, dental, and vision benefits for employees and their dependents
Commuter benefits
PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
Tuition assistance program
Two “work from anywhere” weeks per year
Summer Fridays
Collaborative working spaces
Service days to support our communities
Employee development and engagement events