Senior Manager - Team Lead of Construction Risk Management
Experience Sr. Manager
Primary Address Boston, Massachusetts
Overview100 Summer (21021), United States of America, Boston, MassachusettsSenior Manager - Team Lead of Construction Risk Management
The Senior Manager will be responsible for leading the Construction Risk Management team which consists of 5 Associates. This is a player/coach role that will require the review and approval of plans, specifications, budgets, schedules, contracts and reports. Also, performs site inspections when necessary or requested. Qualifies and engages outside consultants to perform pre-closing analysis and monitoring inspections. National experience is highly desirable related to entitlements, zoning, and the construction monitoring process. All of these are key elements in protecting Capital One Bank’s loan assets.
Manage the performance of the Construction Risk Management team and be an independent contributor tasked with the following:
Review project plans, specifications, construction agreements, cost, budgets, and project schedules as required under the terms of our construction loan commitments, as a key element in the loan closing and disbursement process
Analyze and mitigate risks to Capital One Bank
Work with the Construction Risk Management team to identify mitigation strategies regarding assigned construction loans
Perform occasional site inspections of work in process on construction loans when required or requested. Attend progress meeting with outside consultants, developers, and contractors
Review third-party inspection reports for completeness, accuracy, and compliance with Capital One Bank’s requirements
Work closely with internal teams such as, Construction Loan Administration, Asset Management and Credit to monitor construction loans with respect to funding, budget, and schedule adequacy
Make recommendations for funding, budget, and schedule adequacy
Attend Real Estate/Portfolio Management Construction Meetings to present project status and/ or potential issues
Provide monthly status reports on construction loans to Asset Managers
Inspect properties representing collateral on construction loans in conjunction with annual credit reviews to provide a check of the physical condition of collateral
Occasionally perform annual reviews/inspections on real estate collateral for term loans. Assist with coordinating and scheduling annual inspections performed by third party consulting firm
Assist with qualifying, hiring, and managing work products of specific outside consultants authorized to perform construction and inspection services for Capital One Bank
Perform additional functions to include, but not limited to, review of Property Condition Assessments, Seismic Risk Assessments, and Planning and Zoning reports related to term and construction loans
Bachelor’s degree from an accredited institution
At least 7 years of financial services experience working with commercial real estate transactions and construction or at least 7 years of consulting experience with a focus on lender construction monitoring
At least 7 years experience as a team lead
Registered Architect including affiliation with one or more of the following professional organizations: American Institute of Architect’s, the Urban Land Institute, or a Construction Specifications Institute
5+ years of multifamily experience
This role may be based in either of one of the following office locations - New York, Boston, Atlanta, Chicago, Dallas or Mclean.
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).
How We Hire
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Step 1 Apply
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Step 2 Screen and Schedule
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Step 3 Interview(s)
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Step 4 Decision
The team will discuss — if it’s a good fit for us and you, we’ll make it official!
How to Pick the Perfect Career Opportunity
Overwhelmed by a tough career choice? Read these tips from Devon Rollins, Senior Director of Cyber Intelligence, to help you accept the right offer with confidence.
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