Company: Capital Impact Partners
Location: Arlington, CA
Job Function: Project Management
Capital Impact Partners is now part of the Momentus Capital Family of Organizations which includes Capital Impact Partners, CDC Small Business Finance and Ventures Lending Technologies. Together, we work to ensure local leaders and communities have equitable access to the capital & opportunities they deserve. With a mission rooted in social impact, we support locally led solutions through our continuum of lending, impact investments, training programs, & technology programs. By joining our team, you will play a key role in how Momentus Capital is transforming the financial sector to help communities build health & generational wealth.
The Senior Construction & Program Administrator (SCPA) will be responsible for supporting multiple teams to include the Construction Department, Loan Programs Department, & Closing Department. This role will be responsible for oversight, reporting, auditing, technical assistance, and account reconciliations for a large portfolio of construction loans. The incumbent will be the point person offering their professional and technical experience in proper construction risk management and draw approvals. They will monitor construction loans per lending, grant, state, and internal underwriting guidelines. Additionally, the SCPA will communicate with owners, borrowers, and/or affiliated third parties to evaluate funding requests.
The SCPA will possess strong project management skills to include strict timing requirements, reporting deadlines, effective communication skills (written and verbal), managing third-party vendors, draw request analysis/processing, budget analysis/oversight, and problem solving skills.
The SCPA will report directly to the Sr. Closing & Construction Manager and collaborate with the Programs, Closing, Construction, Loan Servicing, Lending, Legal, Portfolio, and Treasury teams.
Key Focus Responsibilities:
- Advising grant recipients on proper construction risk management practices and oversight of construction draw approvals by a third party.
- Manage the risks associated with construction projects and funding through analysis, review, and monitoring of requests. Must be able to create, populate, and manage a report based on project triggers. Must be able to communicate those triggers and articulate the risks and needs of proper documentation and information to third parties. Must be able to have difficult conversations with owners and third parties.
- Understand, compile, and translate, grant requirements from multiple sources/platforms.
- Generate reports, assist with grant reporting requirements, data entry and manage construction projects in the construction management/draw online management system (Rabbet).
- Assist in the development of compliance transition to the state of California once project is closed out/completed.
- Open, close, and reconcile multiple accounts for owners and/or third parties.
- Work independently to administer draws, and provide an excellent customer focused/centric experience for each owner, borrower, third party.
- Collaborate with members of the Closing and Construction Teams, Sr. Manager of Closing & Construction, outside vendors, borrowers, construction professionals, and loan officers to manage CIP’s construction loan closings and portfolio per lending policies and guidelines.
- Coordinate and oversee post-closing follow-up requirements such as post-close draw overview process meeting with borrowers and lenders.
- Administer and service a portfolio of active construction loans that have multiple capital stacks.
- High School Diploma or equivalent with 6 years of experience in commercial construction lending, OR Bachelor’s degree with a minimum of 2 years of professional work experience in construction management, construction documentation, construction loan closings, and real estate administration
- Strong leadership qualities
- Ability to work through complicated grant and/or loan disbursement requirements
- Knowledge of the construction finance industry
- Demonstrate interest in diversity, equity, and inclusion
- Strong operational execution skills (planning, project management, problem-solving, etc.)
- Strong written and oral communication skills (e.g., presentations, conference calls, virtual meetings, periodic reports)
- Proficient in Microsoft programs (e.g. Word, Excel, PowerPoint) and Google Suite (e.g., Google Docs, Sheets)
- Strong budgeting and financial acumen
- Demonstrated ability to translate construction and legal requirements
- Strong analytical, problem-solving, communication, detail-oriented, and judgment skills
- Candidates must have sufficient knowledge of loan-legal documentation
- Ability to travel 10% or less required
Compensation and Benefits
$90,000 annually + performance incentive
How to Apply
Please apply directly on our careers site – https://www.capitalimpact.org/careers/