What are the responsibilities and job description for the Capex Regional Manager position at Clear Investment Group?
Company Overview
Clear Investment Group is a boutique real estate investment firm in Chicago specializing in rehabilitating and stabilizing distressed multi-family assets. We are based in Chicago, with portfolios across the Midwest, South, and Northeast. With a focus on acquiring distressed properties, we aim to improve communities by investing in local real estate. Our companies Core Values are:
Department: Asset Management
Reports to: Director of Asset Management
Job Type: Office based in Chicago Loop; 50% Travel (could vary depending on projects/needs)
Compensation and Benefits
We are seeking a CapEx Regional Manager interested in working for a growing and dynamic firm. This position is responsible for leading and managing capital projects focused on enhancing and upgrading acquired properties. The role involves overseeing the planning, budgeting, execution, and closeout of CapEx projects aimed at optimizing the value and functionality of the acquired assets.
The ideal candidate is initiative-taking and drives projects through to completion. The ability to work in a fast-paced, high-stress environment is key, but so is a sense of camaraderie: our team values working collaboratively. We are looking for candidates who possess the qualities of an Ideal Team Player. We want someone who is Humble, Hungry, and Smart.
Humble – someone with experience who can learn and grow
Hungry – someone who wants drive results, create new standards and who constantly wants to improve
Smart – someone who is people and business smart and able to collaborate well with a diverse team of people
About you:
Included but not limited to:
Clear Investment Group is a boutique real estate investment firm in Chicago specializing in rehabilitating and stabilizing distressed multi-family assets. We are based in Chicago, with portfolios across the Midwest, South, and Northeast. With a focus on acquiring distressed properties, we aim to improve communities by investing in local real estate. Our companies Core Values are:
- Get it Done 2. Ride the Wave 3. Add Value 4. Exhibit Passion
Department: Asset Management
Reports to: Director of Asset Management
Job Type: Office based in Chicago Loop; 50% Travel (could vary depending on projects/needs)
Compensation and Benefits
- Base Salary: $70,000-$110,000 based on experience
- Eligible for year-end and performance bonuses
- Access to 401k
- Health & dental insurance
- Generous PTO policy
We are seeking a CapEx Regional Manager interested in working for a growing and dynamic firm. This position is responsible for leading and managing capital projects focused on enhancing and upgrading acquired properties. The role involves overseeing the planning, budgeting, execution, and closeout of CapEx projects aimed at optimizing the value and functionality of the acquired assets.
The ideal candidate is initiative-taking and drives projects through to completion. The ability to work in a fast-paced, high-stress environment is key, but so is a sense of camaraderie: our team values working collaboratively. We are looking for candidates who possess the qualities of an Ideal Team Player. We want someone who is Humble, Hungry, and Smart.
Humble – someone with experience who can learn and grow
Hungry – someone who wants drive results, create new standards and who constantly wants to improve
Smart – someone who is people and business smart and able to collaborate well with a diverse team of people
About you:
- Seasoned (10 years) property manager with experience in stabilizing distressed assets; experience taking over unstable portfolios and/or receiverships is a must
- Significant leadership and management experience (5 years) with a proven ability to recruit, train, and supervise talented property teams
- Proficient in financial analysis, budgeting, and cost management for projects of different scales.
- Strong operational mind: ability to lead cross-functional teams and manage multiple projects of varying complexity simultaneously
- Strong understanding of project management methodologies and tools
- Familiarity with regulatory requirements and compliance for real estate CapEx projects
- Excellent communicator; able to professionally and compassionately work with colleagues, direct reports, vendors, and residents
- Proficient in Microsoft Office products, including Excel, Word, and Outlook
- Familiarity with Yardi Voyager and RentCafe a major plus
- Ability to lift 50 lbs and walk-up multiple flights of stairs
Included but not limited to:
- Project Planning and Budgeting: Develop and manage detailed project plans and budgets for CapEx projects related to both small and large acquired buildings, ensuring alignment with investment goals.
- Stakeholder Management: Collaborate with internal teams, property owners, and external stakeholders to align project objectives with the overall strategy for the acquired properties.
- Vendor and Contractor Management: Select and oversee vendors, contractors, and suppliers, ensuring quality work and adherence to budgets and timelines for various scales of projects.
- Risk Management: Identify, assess, and mitigate risks associated with the CapEx projects, ensuring minimal disruption to property operations.
- Project Execution and Oversight: Lead the execution of CapEx projects across a portfolio of acquired buildings, ensuring timely, on-budget, and high-quality outcomes.
- Financial Reporting and Analysis: Monitor CapEx spending on each project, provide detailed financial analysis, and report on budget variances.
- Quality Assurance: Ensure that all improvements meet the required quality standards and comply with relevant building codes and regulations.
- Team Leadership: Manage and mentor project teams, providing direction and support tailored to the scale and complexity of each project.
- Project Closeout and Documentation: Oversee the completion of all project documentation and ensure a seamless transition of the upgraded properties to operations.
- Compliance and Regulatory Management: Ensure that all projects, whether large or small, adhere to relevant regulatory and compliance requirements.
Salary : $70,000 - $110,000
