Securitized Products Group Development Risk Manager Vice President
Share
Job Location:
Chicago, IL - USA
Monthly Salary:
$ 200000 - 275000
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
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
Required Experience:
Exec
Key Skills
- Change Management
- Financial Services
- Growing Experience
- Managed Care
- Management Experience
- Analysis Skills
- Senior Leadership
- Performance Management
- Process Management
- Leadership Experience
- negotiation
- Analytics
About Company
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans ov ... View more
