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Chase · 2 months ago

Securitized Products Group - Development Risk Manager - Associate

10 S Dearborn St, Chicago, IL, 60603, US

Full-time

Onsite

Mid Level

$95K/yr - $125K/yr

3+ years exp

Chase is a leading financial institution dedicated to making a difference in communities through investments in affordable housing and historic projects. As a Development Risk Manager in the Securitized Products Group, you will assess the feasibility and risks of real estate projects, focusing on design and construction risks, while providing expert advice to transaction leaders and senior management.

BankingFinancial Services

Responsibilities

Perform preliminary feasibility analysis of prospective investment opportunities from a design and construction perspective

Evaluate the qualifications of the development team

Analyze real estate market conditions and long-term competitiveness of built improvements

Review and evaluate site control, entitlements, approvals, soil, and environmental conditions

Review and evaluate project design, budget, schedule, and quality control program with third-party Architectural/Engineering consultants

Review and evaluate sufficiency of construction contracts and contingencies

Review and evaluate project insurance needs and coverages

Review project documents for conformance to acquisition guidelines

Review project documents for disbursement of equity contributions

Qualification

Architecture degreeEngineering degreeConstruction Management degreeReal estate developmentReal estate financeAnalytical skillsSpreadsheet proficiencyDatabase proficiencyProblem-solving skillsQuantitative communicationMulti-family product experienceLIHTC properties experienceProfessional relationshipsInvestment Committee presentationsWritten communicationPresentation skills

Required

Professional degree in Architecture, Engineering, or Construction Management

Strong understanding of real estate development processes, especially architectural, engineering, and construction practices

Familiarity with principles of real estate finance

Strong analytical and problem-solving skills

Excellent written, presentation, and quantitative communication skills

Proficiency with spreadsheets and databases

Preferred

Experience with multi-family product, especially LIHTC properties

Ability to foster professional relationships among syndicator partners and industry colleagues

3+ years of experience in Architecture, Engineering, Construction, or Real Estate development; experience with multi-family and LIHTC properties a plus

Experience maintaining project construction and lease-up databases

Ability to contribute to Investment Committee presentations