Securitized Products Group - Development Risk Manager - Vice President
About The Position
Join a dynamic team at the forefront of affordable housing investment, where your expertise in real estate development risk will help shape communities and deliver impactful solutions. As a Development Risk Manager (DRM) in the Tax Oriented Investments (TOI) group, you will play a critical role in evaluating and managing risks for affordable housing projects utilizing the Federal Section 42 Low Income Housing Tax Credit (LIHTC) program. Based in Chicago, you will collaborate with a team of professionals to ensure successful project delivery from feasibility through construction and stabilization, directly impacting the quality and competitiveness of our investments.
Requirements
- Professional degree in Architecture, Engineering, or Construction Management
- 7+ years of experience in Architecture, Engineering, Construction, or Real Estate development; experience with multi-family and LIHTC properties preferred
- Thorough understanding of real estate development processes, with strengths in architectural, engineering, and construction practices
- Familiarity with principles of real estate finance
- Strong analytical and problem-solving skills
- Superior written, presentation, and quantitative communication skills
- Advanced PC skills, including experience with spreadsheets and databases
- Ability to work independently and interact with different levels of management
- Ability to prioritize workload and manage competing demands
Nice To Haves
- Proven ability to foster professional relationships within the industry
- Demonstrated ability to present complex information to senior stakeholders
- Experience managing project databases and reporting
Responsibilities
- Perform preliminary feasibility analysis of prospective investment opportunities from a design and construction perspective
- Conduct initial project underwriting site visits with Origination Officers
- Evaluate qualifications of development teams
- Analyze real estate market conditions and long-term competitiveness of built improvements
- Review site control, entitlements, approvals, soil, and environmental conditions
- Collaborate with third-party consultants to review project design, budget, schedule, and quality control programs
- Present prospective opportunities to the Investment Committee
- Assess sufficiency of construction contract, contingencies, and insurance coverage
- Review project documents for conformance to acquisition guidelines
- Monitor construction and lease-up progress with third-party consultants
- Oversee disbursement of debt and equity contributions
- Maintain project construction and lease-up databases
- Foster professional relationships among syndicator partners and industry colleagues
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Industry
Credit Intermediation and Related Activities
Number of Employees
5,001-10,000 employees
