Associate Director, CPACE Asset Management

Associate Director, CPACE Asset Management
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.

Key Responsibilities and Duties

• 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.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements: Sedentary Work

Career Level
7IC

Required Qualifications:

• 3+ years of asset servicing and/or commercial real estate underwriting experience.

 

Preferred Qualifications:

• 5+ years of asset servicing and/or commercial real estate underwriting experience.
• Experience in commercial construction project management.
• Experience monitoring assessments to identify risks of construction stalling, or non-payment and proactively work though credit analysis and strategic approaches to resolution.
• Ability to interpret loan documents to enforce terms and conditions and confirm compliance.
• Ability to Negotiate, structure, underwrite post-closing modifications.

Related Skills

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

Anticipated Posting End Date:

2024-12-20

Base Pay Range: $90,000/yr. - $125,000/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). 

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Company Overview

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at www.Nuveen.com

Benefits and Total Rewards

The organization is committed to making financial well-being possible for its clients, and is equally commi