Capital Project Manager

BANNER PROPERTY MANAGEME•Naperville, IL

7d•Onsite

About The Position

Banner Property Management is seeking an experienced Capital Project Manager to lead capital improvement projects across its multifamily housing portfolio. Serving as the owner's representative, the role identifies capital needs, develops project scopes, manages competitive bid processes, oversees contractors, and ensures projects are completed on time, within budget, and to quality standards. The position reports directly to the Vice President of Construction and partners with property operations teams and leadership to preserve asset value, improve resident experience, and support long-term property performance. The role involves significant multi-state travel, including quarterly visits to all assigned properties and additional travel based on project activity and operational needs. Candidates must live within 60 minutes of a major Chicago-area airport. On non-travel workdays, the employee will work from Banner's Chicago and Naperville offices. Occasional after-hours availability may be required for urgent project needs or emergency building system failures.

Requirements

High school diploma or GED.
At least five years of construction or capital project management experience.
Demonstrated experience writing scopes of work, managing competitive bid processes, administering contracts, and overseeing contractor performance.
Strong knowledge of multifamily building systems, including roofing, HVAC, plumbing, electrical, building envelope, and common area renovations.
Ability to diagnose root causes of building system failures and develop cost-effective solutions.
Strong budget management and cost-control experience.
Excellent organizational, communication, and project management skills.
Valid driver's license and reliable personal vehicle.
Ability to travel significantly throughout Banner's multi-state portfolio, including quarterly visits to all assigned properties and additional project-related travel.
Residence within 60 minutes of a major Chicago-area airport.
Availability for occasional after-hours needs related to urgent capital projects or emergency building system failures.

Nice To Haves

Degree or coursework in Construction Management, Engineering, Architecture, Facilities Management, or a related field.
Owner-side capital project management experience within occupied multifamily housing communities.
Experience supporting affordable housing, HUD-regulated properties, or NSPIRE compliance initiatives.
Familiarity with property management software and project management platforms.

Responsibilities

Conduct site visits to assess property conditions, diagnose building system issues, and determine repair or replacement solutions.
Develop scopes of work, bid packages, and specifications for capital improvement projects.
Solicit, evaluate, and negotiate contractor proposals based on scope, qualifications, pricing, and schedule.
Award contracts and oversee project execution from mobilization through closeout.
Manage multiple active projects across a multi-state portfolio while maintaining budget and schedule discipline.
Review contractor invoices and change orders and ensure costs align with project scope and market pricing.
Serve as the primary capital project resource for regional managers, property teams, and operations leadership.
Prioritize project requests based on life-safety concerns, asset preservation, and operational impact.
Own project budgets from award through closeout and identify cost risks proactively.
Monitor capital spending and provide variance analysis on active and completed projects.
Collaborate with leadership to develop annual capital plans and budget forecasts.
Identify opportunities to reduce capital expenditures through improved scoping, competitive bidding, and root-cause solutions.
Ensure capital investments support long-term asset performance and investor objectives.
Maintain project files, including contracts, bids, permits, inspections, change orders, and closeout documentation.
Prepare regular project status updates and maintain portfolio-wide project dashboards and reporting.
Coordinate project schedules with property teams to minimize resident and operational disruption.
Document lessons learned to improve future project planning and execution.
Ensure projects comply with applicable building codes, safety regulations, and company standards.
Verify contractor licensing, insurance coverage, and safety compliance.
Maintain required permits, inspection records, certifications, and project documentation.
Support emergency capital needs and coordinate rapid contractor response to critical building system failures.
Assist with NSPIRE inspection readiness and compliance requirements, including HUD-regulated communities where applicable.
Pass a background check and provide professional references as pre-employment requirements.