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Chase · 2 months ago

Securitized Products Group - Development Risk Manager - Vice President

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

Full-time

Onsite

Mid, Senior Level

$200K/yr - $275K/yr

7+ years exp

Chase is a dynamic company focused on affordable housing investment, seeking a Development Risk Manager to evaluate and manage risks for affordable housing projects. The role involves collaborating with professionals to ensure successful project delivery from feasibility through construction and stabilization, impacting the quality and competitiveness of investments.

BankingFinancial Services

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

Qualification

ArchitectureConstruction ManagementReal Estate DevelopmentReal Estate FinanceAnalytical SkillsPC SkillsProblem-Solving SkillsCommunication SkillsProject Management

Required

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