Property Risk Consultant

Northwestern Mutual • Milwaukee, WI

20h • Hybrid

About The Position

Evaluates Real Estate investments to ensure compliance with architectural, construction and environmental risk policies for the Real Estate Investment Department within the mortgage loan portfolio and select equity investments within the equity portfolio as directed by the Director of Environmental and Architectural Services. Manages the consultation processes within specifically assigned MSAs in conducting and reviewing due diligence for both Property Condition Assessments, Environmental Site Assessments and Seismic Risk Analyses. Assists, communicates and advises business teams in the management and accounting of acceptable risks within the portfolios and against individual underwriting analyses. Monitors construction quality and schedules with developers and partners on construction projects and approves changes/modifications to same. Regularly contracts, hires and manages outside consulting firms for third party evaluations. Responsible for understanding the entire Construction Draw management system, including reconciling development budgets and draw requests, attending construction draw meetings, and verifying construction status on individual projects on an as needed basis to assist the Construction Audit group. Evaluate and enforce policies and procedures for architectural and environmental due diligence process. Advise Director of ACE on potential deviations from policies and procedures and assist in amicable resolution thereof. Provide Production Team with economic evaluation of capital expenditures and management of environmental risks and deferred maintenance. Reviews and approves requested documentation including drawings/specifications, surveys, soils reports, consultants reports, and other documents to provide analysis as necessary to close new investments per established schedules. Reviews and approves construction related documentation (design and construction contracts, budgets, soils reports, drawings and specifications) prior to construction commencement, monitors compliance, progress and quality during construction. Hire and manage, nationally, consulting firms on a project by project basis to manage due diligence process. Interpret outcomes and discuss/debate issues with external consultants, Borrower's consultants and legal counsel, and represent Northwestern Mutual in a professional and ethical manner. Effectively manage costs associated with hiring third party consultants. Provide timely support to Closing Unit including performing daily database entries to ensure adequate communication and management of transactions. Where appropriate, ensure appropriate disbursement of construction loan and equity fundings. Participates in deal review process for all new investments.

Requirements

• Bachelor's degree in architecture, engineering, environmental, or construction management.
• Minimum of 7 years of direct, relevant real estate experience working with institutional investors and lending.
• Knowledge of multiple building types and their potential issues (high rise, mid rise, industrial/flex space, garden apartments, etc.).
• Strong communication skills.
• Courage to defend established protocols within Real Estate Services.
• Willingness to cross-train to various disciplines and to train others (internal and external classes).
• Willingness and ability to be located at the Northwestern Mutual Home Office Campus in Milwaukee, WI.
• Short-term national travel required on a scheduled and unscheduled basis.
• Personal life flexibility to account for travel needs.
• Specific experience working within and for an institutional investor will be given highest prioritization.

Nice To Haves

• Candidates with longer, more specific real estate experience in lieu of educational experience may also be considered.

Responsibilities

• Evaluates Real Estate investments to ensure compliance with architectural, construction and environmental risk policies.
• Manages consultation processes within assigned MSAs for due diligence (Property Condition Assessments, Environmental Site Assessments, Seismic Risk Analyses).
• Assists, communicates, and advises business teams on risk management and accounting.
• Monitors construction quality and schedules with developers and partners, approving changes.
• Contracts, hires, and manages outside consulting firms for third-party evaluations.
• Understands the Construction Draw management system, reconciling budgets and draw requests.
• Attends construction draw meetings and verifies construction status.
• Evaluates and enforces policies and procedures for architectural and environmental due diligence.
• Advises Director of ACE on policy deviations and assists in resolution.
• Provides economic evaluation of capital expenditures and management of environmental risks and deferred maintenance.
• Reviews and approves requested documentation for new investments.
• Reviews and approves construction-related documentation prior to commencement, monitors compliance, progress, and quality during construction.
• Hires and manages consulting firms nationally for due diligence.
• Interprets outcomes and discusses issues with external consultants, borrower's consultants, and legal counsel.
• Represents Northwestern Mutual professionally and ethically.
• Manages costs associated with third-party consultants.
• Provides timely support to the Closing Unit, performing daily database entries.
• Ensures appropriate disbursement of construction loan and equity fundings.
• Participates in the deal review process for new investments.

Benefits

• Compensation Range provided.
• Grow your career with a best-in-class company.
• Northwestern Mutual is an equal opportunity employer.
• Commitment to creating and maintaining an environment where employees can contribute creative ideas, seek challenges, assume leadership, and focus on meeting and exceeding business and personal objectives.
• Additional information pertaining to compensation and benefits for California, Colorado, New York City, Washington or outside of a Corporate location is available.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior