Assistant Vice President, Construction Management
Location: Indianapolis, IN
Work Arrangement: In-Office (Tue–Thu); Flexible (Mon & Fri)
About the Employer
CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of over 97,500 homes within 1,059 communities across the country. The organization is supported by over 135 employees committed to improving lives through affordable housing opportunities.
Role Summary
CREA is seeking a driven, collaborative construction risk management professional to play a key role in evaluating prospective investments and guiding construction risk strategy across the national portfolio. In this high-impact role, you will partner with Acquisitions, Asset Management, Credit & Underwriting, and Syndications while leading pre-construction due diligence, supporting construction monitoring, managing investor relationships, and helping drive successful project outcomes nationwide. This position reports to the Managing Director, Construction Management.
What You'll Do
- Conduct pre-construction analyses covering key due diligence items, including site work, design plans and specifications, construction schedules, and budgets for senior & multi-family housing projects
- Coordinate and assess third-party Construction Plan/Cost Reviews as well as Environmental Desktop Reviews
- Evaluate and highlight the principal strengths, weaknesses, and potential risks of each proposed development
- Identify risks revealed during the underwriting process and recommend appropriate mitigation measures
- Prepare and deliver comprehensive pre-construction analysis reports to department leadership and Investment Committee members
- Review monthly construction draw requests, examine third-party monitoring reports, and approve equity draw requests in collaboration with Asset Management
- Visit project sites to conduct construction monitoring inspections as required
- Compile site inspection reports detailing findings, observations, and risk assessments
- Input and track property-specific construction data using CREA's integrated web-based software
- Collaborate closely with other departments within CREA
Required Qualifications
- Bachelor's degree in Construction Management, Engineering, Architecture, Risk Management, or a related field
- Minimum of 5 years of relevant experience in construction or real estate development, including risk management and underwriting
- Ability to confidently interpret construction plans and technical documents, including geotechnical and environmental reports
- Ability to analyze construction schedules and budgets with a strong focus on identifying and mitigating risk
- Strong computer proficiency, along with excellent written communication skills
- Working knowledge of residential construction operations, design, and risk mitigation practices
- Ability to travel approximately 25%, including overnight travel, throughout the continental United States
Preferred Qualifications
- 5–7 years of experience in construction or real estate development
- Experience underwriting development projects
Additional Information
Keen attention to detail, with a commitment to accuracy and quality in all deliverables. Strong written and verbal communication skills, with the ability to convey complex ideas and solutions clearly. Solid analytical and problem-solving skills, with the ability to interpret data, identify trends, and recommend actionable solutions. Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). Self-motivated and resourceful, with the confidence and initiative to succeed with minimal supervision. Proven ability to manage multiple priorities simultaneously, balancing competing deadlines and resources with strong organizational and time-management skills. Demonstrates professionalism, integrity, and a team-oriented mindset, upholding high ethical standards in all aspects of work.
Candidates must currently reside within commuting distance of Indianapolis, IN, as relocation assistance is not available for this position. No visa sponsorship available.
