Securitized Products Group - Development Risk Manager - Vice President

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.

Job 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

Required qualifications, capabilities, and skills


* 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

Preferred qualifications, capabilities, and skills


* Proven ability to foster professional relationships within the industry


* Demonstrated ability to present complex information to senior stakeholders


* Experience managing project databases and reporting

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