Development Risk Management, Director

Enterprise Community Partners

19d•$135,000 - $160,000•Hybrid

About The Position

The Development Risk Management, Director will manage construction risk for affordable housing projects developed with Low-Income Housing Tax Credits (LIHTC). The principal goal is to monitor construction progress, identify and help resolve issues as they arise, and support the successful completion and long-term viability of projects as low-income housing.

Requirements

Bachelor’s degree in Architecture, Engineering, Construction Management, or equivalent experience is required; master’s degree a plus.
2–6 years of related experience with increasing levels of responsibility, preferably including on-site construction oversight.
2 or more years of Development Risk Management experience with LIHTC funds.
Demonstrated ability to manage a wide variety of construction-related individuals, issues, and situations.
Familiarity with local and regional housing/building agencies and contractors.
Ability to work effectively in a team environment.
Highly motivated with the ability to work independently.
Advanced oral and written communication skills.
Highest level of professional integrity.

Nice To Haves

Registered Architect or Professional Engineer preferred.
Solid understanding of the standards, processes, and challenges specific to the development of affordable housing preferred
Knowledge of and experience with green building standards helpful.

Responsibilities

Oversee the collection and review of monthly inspection reports, evaluation of proposed change orders, and review of other construction information for projects in the development phase.
Participate in the preparation and upfront review of construction-related due diligence, including contracts, plans and specifications, and development team qualifications, to support underwriting.
Continually evaluate the construction portfolio to identify projects with emerging or existing issues. Coordinate with internal teams to assess impacts and develop solutions that incorporate appropriate mitigation strategies, including cost considerations.
Proactively identify issues that may arise during the construction phase, including cost overruns, construction delays, design problems, sponsor/general partner issues, contractor concerns, governmental agency matters, financing difficulties, utility constraints, severe weather, environmental conditions, and other development-related issues.
Facilitate resolution of disputes among stakeholders (General Partner, General Contractor, vendors and agencies).
Provide support and guidance to asset management staff, as needed, to help resolve construction and development issues on stabilized projects.
Provide written quarterly summaries of issues and progress against strategy for development projects identified as on, or potentially headed for, the watchlist.
Interface with proprietary investors to communicate construction risk updates, address project-level questions, and support alignment on mitigation strategies and project performance.
Work collaboratively with internal teams, including regional asset management, finance, workouts, credit, accounting, underwriting, and other specialized teams, to address problem projects across all stages of the project life cycle.

Benefits

annual performance bonuses
generous paid leave programs
dental, health, and vision care plans
family-building benefits such as adoption and surrogacy support
flexible work arrangements
health advocacy
Employee Assistance Program (EAP)
mental health benefits
financial education
wellness programs
auto-enrollment in the company’s 401(k) plan with employer matching contributions
learning and development opportunities
tuition reimbursement for job-related courses and certifications