CRE Construction Asset Management

Hybrid Flex

New York, NY, USA

Darien, CT - 19 Old Kings Highway South

Full time

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The Associate Director, CPACE Asset Management is responsible for ensuring that assets are tracked and disbursed per program and company requirements. Working under limited supervision, this role works with both internal and external stakeholders to support projects, including the collection of documents in advance of a disbursement, as well as tracking repayments after a loan has closed. This role is responsible for closing out projects and maintaining a positive relationship with contractors and building owners.

• Provides customer service as the relationship manager after loan closing, including guiding contractors through our disbursement process and ensuring a positive experience.

• Oversees disbursements on energy efficiency projects, including items such as: processing and project managing draw requests and tracking/reporting draw amounts and interest accrued.

• Ensures asset activity is communicated in advance to appropriate parties – lenders, administrators, and accountants.

• Identifies critical risks / project setbacks through review / analysis of submitted documentation including budget allocations, title documentation and site inspections.

• Works with contractors, sub-contractors, vendors, engineers/inspectors, attorneys and borrowers to resolve any project issues or documentation needs as they arise.

• Ensures all construction projects adhere to conditions as outlined in the Loan Agreement, follow regulatory standards and maintain the approved schedule / budget within the credit policy.

• Coaches and reviews the work of lower level professionals.

• University (Degree) Preferred

• 3+ Years Required; 5+ Years Preferred

• Physical Requirements:
  
  Sedentary Work

7IC

• 3+ Years in Construction loan administration and debt asset management

• 5+ Years Construction loan administration and debt asset management

• CPACE experience a plus

Related Skills

Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement

Base Pay Range: $83,500/yr - $117,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world’s largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy.

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At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values:
Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work across organizational boundaries…