AVP Construction Risk Manager - Sustainability (Affordable Housing Finance)
Locations: Central Office - New York, NY
About the Employer
The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities, and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recognized leader in affordable housing finance, CPC has provided a consistent source of capital to underserved housing markets throughout New York State since our inception in 1974.
Today, CPC stands as the largest CDFI solely committed to investing in multifamily housing, having invested more than $15 billion to finance the creation and preservation of more than 230,000 units of quality housing in neighborhoods across New York State and beyond. CPC has a robust construction lending platform, a mortgage bank, and equity and impact investment platforms that focus on our three goals: Expanding Affordable Housing, Closing the Racial Wealth Gap, and Investing in the Green Economy.
As a member of our team, you'll have the opportunity to work on impactful projects that make a real difference in people's lives. We're looking for talented individuals who are passionate about our mission and share our values of commitment, respect, excellence, accountability, and collaboration.
Role Summary
The AVP, Construction Risk Manager – Sustainability Specialist, will assist in managing CPC’s funding portfolio, including those within NYS’s CFHF-funded retrofit program and Climate Capital, a subsidiary of CPC.
The individual will work with CPC’s lending teams company-wide and will be responsible for providing technical expertise regarding sustainability guidelines, procedures, policies, and best practices for investments. The individual will be responsible for tracking and overseeing construction progress, reviewing construction disbursement recommendations, and interfacing with project engineers, developers, and contractors. They will assist in identifying risks that may delay construction and play a proactive role in developing solutions to resolve issues. They will be part of a team that is integral to the integrity and execution of CPC’s companywide platforms.
What You’ll Do
- Lead portfolio monitoring and risk management processes for CPC’s sustainability portfolio
- Regularly interact with all parties to the transactions, including but not limited to: originators/underwriters, program staff, program engineers, grantees/borrowers, contractors/installers, governmental partners, internal legal counsel, and other external partners
- Review/approve grant/loan packages submitted by originators, including the Basis of Design, Plans, Budget, Schedule, and Contracts, ensuring scope and all related construction documents comply with program requirements
- Review project advance requests, including review of engineer-submitted Site Observation and Commissioning reports, ensuring compliance with requirements of funding source, CPC policies and procedures, as well as construction risk best practices
- Track and provide reporting on project budgets and the availability of funds during construction as it relates to the construction timeline and anticipated construction draws, ensuring that projects remain in balance. Review and approve, if applicable, paperwork required for ongoing project advances.
- Collect and coordinate all documentation on recently completed projects to facilitate return (“reassignment”) back to the State or conversion to permanent financing.
- Attend project site visits as needed per program requirements
- Provide training seminars to internal and external clients on sustainability construction risk guidelines, procedures, and policies
- Work to develop best practices and equipment type recommendations for various building type sustainability retrofits.
- Provide policy and technical expertise in support of current local and State sustainability guidelines and requirements, as well as to support the design of future decarbonization and energy efficiency programs.
Required Qualifications
- BS/BE degree required in Environmental Sciences or related field, Sustainable Design, or Mechanical Engineering.
- Minimum of five (5) years’ experience in construction management and/or development, and demonstrated expertise with construction consulting service firms in New York City, New York State, and other major urban areas
- Minimum two (2) years’ experience in a construction lending environment, and/or representing construction lenders, with significant responsibility for managing construction risk
- Experience with, and knowledge of, multifamily energy efficiency retrofit scopes of work, sustainability, and building electrification measures are required
- Strong Word, Excel, and PowerPoint skills
- Demonstrated ability to manage multiple tasks requiring strong attention to detail
- Must be a self-starter, team player, yet also able to work independently.
- Superior verbal and written communication skills and presentation skills
- Strong analytical, organizational, and problem-solving skills
- Alignment with CPC’s core values: commitment, respect, excellence, accountability, and collaboration.
Preferred Qualifications
- A master’s degree beneficial.
- Working experience with affordable housing finance a plus, including familiarity with subsidy and grant sources
Compensation & Benefits
Compensation: $120K – $140K • Offers Bonus
The salary range is $120,000 – $140,000, dependent on experience.
- Competitive compensation
- 401(k) retirement plans with employer match
- Medical, dental, and vision benefits for employees and their dependents
- Commuter benefits
- PTO for vacation, personal days, sick leave, holidays, jury duty, bereavement, parental leave, and disability
- Tuition assistance program
- Two “work from anywhere” weeks per year
- Summer Fridays
- Collaborative working spaces
- Service days to support our communities
- Employee development and engagement events
- More about our offerings and culture here
This is a hybrid role where you will work from the Manhattan office two to three days a week.
Applicants must be authorized to work in the United States. The Community Preservation Corporation does not provide employment sponsorship of any kind. Candidates are responsible for ensuring they meet all minimum qualifications for the position at the time of application.
Equal Opportunity Statement
The Community Preservation Corporation is an Equal Opportunity Employer, and all employment-related decisions, including recruitment, selection, evaluation, promotion, compensation, training, and termination, are made without regard to race, creed, color, national origin, sex, disability, marital status, status as a veteran, sexual orientation or gender identity, or any other protected status.
