What are the responsibilities and job description for the Construction Risk Manager position at Merchants Bank of Indiana?
Description
As the IRE Construction Risk Manager, you will provide subject matter expertise for all construction and environmental matters in the Investment Real Estate group’s portfolio. This includes, but is not limited to, engagement of third-party reviews, support of investment committee approvals, and guidance on active construction loan issues for market rate and affordable multi-family projects for both the underwriting and asset management teams.
Requirements
As a Construction Risk Manager, you will know you were successful if you…
- Review third party plan and cost review/property condition reports, and accompanying due diligence documents, to identify key risks.
- Ensure third party engagements are accurate, comprehensive, and timely.
- Provide construction industry insight and recommendations for policy exceptions and best practices.
- Actively guide the successful resolution of construction related issues.
- Attend Committee Meetings and provide feedback on the construction review process and outstanding items/concerns.
- Collaborate with the underwriting team to complete the construction and environmental review section of the Loan Request Memorandum.
- Perform site visits for potential and active projects to assess physical condition needs.
- Key point person as department grows, with input on development of group infrastructure, technology platforms, policies and procedures, and staffing plans.
What we are looking for…
- Minimum of 7 years’ experience in construction management, engineering or architecture experience required.
- Bachelor’s degree in construction management, Engineering, Architecture or Real Estate/Urban Planning preferred.
- Strong knowledge of multifamily real estate development. Affordable housing knowledge viewed very favorably.
- Well versed in industry practices and standards with an ability to lead policy exception discussions.
- Strong organizational skills with the ability to manage multiple priorities simultaneously while meeting deadlines.
- Ability to function well in a team environment as well as ability to work independently to complete assigned tasks with limited oversight and follow-up.
