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Job Description
About the
Job:
Evaluates Real Estate investments to ensure compliance with architectural, construction and environmental risk policies for the Real Estate Investment Department within the mortgage loan portfolio and select equity investments within the equity portfolio as directed by the Director of Environmental and Architectural Services. Manages the consultation processes within specifically assigned MSAs in conducting and reviewing due diligence for both Property Condition Assessments, Environmental Site Assessments and Seismic Risk Analyses. Assists, communicates and advises business teams in the management and accounting of acceptable risks within the portfolios and against individual underwriting analyses. Monitors construction quality and schedules with developers and partners on construction projects and approves changes/modifications to same. Regularly contracts, hires and manages outside consulting firms for third party evaluations. Responsible for understanding the entire Construction Draw management system, including reconciling development budgets and draw requests, attending construction draw meetings, and verifying construction status on individual projects on an as needed basis to assist the Construction Audit group. Evaluate and enforce policies and procedures for architectural and environmental due diligence process. Advise Director of ACE on potential deviations from policies and procedures and assist in amicable resolution thereof. Provide Production Team with economic evaluation of capital expenditures and management of environmental risks and deferred maintenance. Reviews and approves requested documentation including drawings/specifications, surveys, soils reports, consultants reports, and other documents to provide analysis as necessary to close new investments per established schedules. Reviews and approves construction related documentation (design and construction contracts, budgets, soils reports, drawings and specifications) prior to construction commencement, monitors compliance, progress and quality during construction. Hire and manage, nationally, consulting firms on a project by project basis to manage due diligence process. Interpret outcomes and discuss/debate issues with external consultants, Borrower's consultants and legal counsel, and represent Northwestern Mutual in a professional and ethical manner. Effectively manage costs associated with hiring third party consultants. Provide timely support to Closing Unit including performing daily database entries to ensure adequate communication and management of transactions. Where appropriate, ensure appropriate disbursement of construction loan and equity fundings. Participates in deal review process for all new investments. What you will Bring to the
Role:
A bachelor's degree in architecture, engineering, environmental, or construction management with direct, relevant real estate experience working with institutional investors and lending of a minimum of 7 years. Candidates with longer, more specific real estate experience in lieu of educational experience may also be considered. Knowledge of multiple building types and potential issues regarding each type (high rise, mid rise, industrial/flex space, garden apartments, etc.) is required. Strong communication skills are a must, and courage to defend protocols established within Real Estate Services is mandatory. Cross training to various disciplines described herein is required, and willingness to train (including internal and external classes) is a requirement. Must be willing and able to be located in the Northwestern Mutual Home Office Campus in Milwaukee, WI. Short term national travel is required on a scheduled and unscheduled basis. Personal life flexibility must account for this need. Specific experience working within and for an institutional investor will be given highest prioritization. #
LI-Hybrid Compensation Range:
We believe in fairness and transparency. It's why we share the salary range for most of our roles. However, final salaries are based on a number of factors, including the skills and experience of the candidate; the current market; location of the candidate; and other factors uncovered in the hiring process. The standard pay structure is listed. Grow your career with a best-in-class company that puts our clients' interests at the center of all we do. Get started now! Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives. If you work or would be working in California, Colorado, New York City, Washington or outside of a Corporate location, please click here for additional information pertaining to compensation and benefits. At Northwestern Mutual, we believe relationships are built on trust. That our lives and our work matter. These beliefs launched our company over 160 years ago. Today, they're just a few of the reasons why people choose to build careers at Northwestern Mutual. What started in Milwaukee, WI has grown into 7,000+ home office professionals split across 3 campuses: New York City, Franklin and downtown Milwaukee (HQ) - each one bringing with it its own unique talent and culture. In a company with such a long and storied history, this may be the most exciting and important time to be a part of Northwestern Mutual as we are growing our digital and tech capabilities and are always on the lookout for bright, tech-savvy candidates. Northwestern Mutual is an equal opportunity employer that welcomes talented individuals of all backgrounds. We are committed to creating and maintaining an environment in which each employee can contribute creative ideas, seek challenges, assume leadership and continue to focus on meeting and exceeding business and personal objectives.
