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Construction Risk Manager
Ascent Developer Solutions
Encino11h ago
About the role
<div class="content-intro"><p><strong>About Ascent</strong></p>
<p>Ascent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. Founded by a leadership team with a deep understanding and personal experience in virtually every facet of real estate development, Ascent is uniquely positioned to create custom, innovative lending solutions for a variety of real estate development business strategies.</p></div><p><strong><span data-contrast="auto">The Role.</span></strong><span data-ccp-props="{"134245417":true}"> </span></p>
<p><span data-contrast="none">As a Construction Risk Manager team member, you will play a pivotal role in the success of our high-value residential construction projects, primarily focused on our Production Homebuilding, Build-to-Rent, and Multifamily products. This position encompasses pre-construction budget review, plan review, risk assessments, and post-closing construction draw management, with a specific focus on driving efficiency through technology adoption. Your expertise in construction lending and streamlining business processes is critical to the feasibility and financial health of our projects. Your ability to collaborate effectively with diverse stakeholders and your deep understanding of construction projects will contribute to Ascent’s operational excellence.</span><span data-ccp-props="{"134245417":true}"> </span></p>
<p><strong><span data-contrast="none">The Work.</span></strong><span data-ccp-props="{"134245417":true}"> </span></p>
<ul>
<li><span data-contrast="none">Streamline processes to decrease turn times for reviews, ultimately improving the overall customer experience. </span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Assess project feasibility, plans, construction budgets, risk factors, and borrowers’ development experience, applying Ascent’s guidelines to recommend an appropriate level of loan approval.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Contribute to decision-making for projects ranging in value from $1 million to $50 million, ensuring they meet stringent financial, regulatory, and investment criteria.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Provide strategic insights that drive the company's growth and enhance its competitiveness in the market, ensuring cost-effectiveness and operational excellence. Stay informed about market trends, construction costs, and regulatory changes affecting the construction and banking industries.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Consult with Sales and Credit teams to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Assist in the implementation of robust policies and procedures, underwriting parameters, and in-house disbursement servicing operations.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Engage and manage outside vendors in cost reviews, inspections, and fund control while supporting a large, diverse construction loan portfolio. </span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Assist in the adoption of data analytics in construction risk management, contributing to a more informed and proactive approach to risk mitigation.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Participate in day-to-day operations of the (pre-closing budget review) and post-close (rehab draw administration), ensuring compliance with internal policies.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Demonstrate high ethical standards and professionalism when handling significant financial transactions and sensitive information.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
</ul>
<p><strong><span data-contrast="none">Your Skills and Experience.</span></strong><span data-ccp-props="{"134245417":true}"> </span></p>
<ul>
<li><span data-contrast="none">5+ years of experience in construction management or real estate lending within the finance industry</span><span data-contrast="none">.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Experience communicating and collaborating with internal and external stakeholders.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite).</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Strong analytical and decision-making abilities.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Experience successfully multi-tasking and prioritizing work.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
<li><span data-contrast="none">Experience consistently meeting deadlines in a fast-paced environment.</span><span data-ccp-props="{"134245417":true,"335559738":60,"335559739":60}"> </span></li>
</ul>
<p><strong><span data-contrast="auto">The Pay</span></strong><span data-ccp-props="{"134233117":false,"134233118":false,"134245417":false,"335551550":0,"335551620":0,"335559738":0,"335559739":0}"> </span></p>
<p><span data-contrast="auto">Salary range is $110,000-$140,000 per year, with a discretionary bonus of</span><span data-contrast="none"> </span><span data-contrast="auto">20</span><span data-contrast="none">% per year.</span><span data-ccp-props="{"134233117":false,"134233118":false,"134245417":false,"335551550":0,"335551620":0,"335559738":0,"335559739":0}"> </span></p>
<p><strong><span data-contrast="auto">The Work Environment.</span></strong><span data-ccp-props="{"134245417":true}"> </span></p>
<ul>
<li><span data-contrast="auto">This role works </span><strong><span data-contrast="auto">on-site</span></strong><span data-contrast="auto"> from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).</span><span data-ccp-props="{"134245417":true}"> </span></li>
<li><span data-contrast="auto">Full-time, 40 hours per week; must be available for occasional overtime.</span><span data-ccp-props="{"134245417":true}"> </span></li>
<li><span data-contrast="auto">Some nights and weekends required.</span><span data-ccp-props="{"134245417":true}"> </span></li>
</ul><div class="content-conclusion"><p><strong>Our Benefits</strong></p>
<p>We offer a comprehensive benefits package designed to support your health, well-being, and work-life balance. Our benefits include five health plans, two dental plans, health savings and flexible spending accounts, vision coverage, a 401(k) plan, and other optional benefits from which to choose.</p>
<p><strong>Our Pledge</strong></p>
<p>We pledge to be fair and considerate in hiring and promoting individuals, ensuring everyone can contribute their fullest potential regardless of background, identity, or personal circumstances. By promoting equal opportunity, we not only enhance our workplace but also contribute to a more just and equitable society. At Ascent, we stand united in building a community where everyone is empowered to succeed. Thank you for joining us on our journey towards a more inclusive future.</p></div>
Perks & benefits
- 401k
- Vision Insurance
- Dental Insurance
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