AVP, Construction Underwriting Job at Conventus, New York, NY

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  • Conventus
  • New York, NY

Job Description

CONVENTUS MISSION AND VISION

Conventus Holdings Corporation was envisioned and created to reduce the number of economic intermediaries involved in the origination, funding and investment in the $25 billion real estate bridge loan market place. True to the Latin origin of the company’s name, “to bring together,” CHC existence and strength is anchored to a business model that removes unnecessary economic intermediates so that it can provide superior pricing and service to its clients. Our competitive edge in executing our mission is assembling, nurturing, and developing a collaborative group of talented individuals. To that end, diversity of experiences, perspectives, skills, and cultures is core to our mission and team.

POSITION

Full-Time, Salary, Performance-Based Bonus

Location: New York, NY

Required 4 days per week in the office (Mon-Thu).

We are currently looking for a detail-oriented and highly organized Associate Vice President (AVP) for our Construction Department to join our team at a crucial stage in our company's growth. As an AVP within the Construction Department, you will play a vital role in our success by executing our mission to serve our clients and investors. The ideal candidate should possess construction and lending experience, be detail-oriented, highly organized, and be genuinely committed to going the extra mile for our customers.

This is a fast-paced role in an ever-changing environment, so being flexible and adaptable is key to success. This is your role if you thrive on ownership, creativity, and collaboration.

Responsibilities:

Construction Underwriting Analysis

  • Analyze construction project documents submitted by our borrowers, including the scope of work, quotes, plans, permits, and project schedules.
  • Review the borrower's submitted scope of work and conduct due diligence to understand the project's feasibility and the client's operational capacity.
  • Review loan files, establish the risk of the proposed project, and make an independent final call.
  • Evaluate borrower and contractor experience
  • Communicate time-sensitively with sales, operations, servicing, credit, and capital markets teams regarding construction risk before and after closing.
  • Deliver analysis to the valuation department, recommend loan terms and conditions, and collaborate to resolve any project concerns.
  • Become the in house expert on construction along the eastern seaboard, with particular emphasis on New York City
  • Regularly visit proposed projects and projects that are underway

Pushing the Department Forward

  • Collaborate with Servicing and our Diligence team to check in on and track construction projects that are delayed
  • Contribute to making our construction underwriting process more data driven
  • Assist in continuous improvement of our Ground Up Construction guidelines
  • Help establish relationships with clients and general contractors that could help with any construction loans that are distressed
  • Help build a database of past construction projects

Requirements:

  • A bachelor’s degree is required, preferably in Construction Management, Civil Engineering, Architecture, Real Estate Development, or a related field.
  • 4+ years' experience in construction lending or construction management industry.
  • Strong understanding of construction procedures and terminologies.
  • Experience in reviewing construction contracts, budgets and scopes of work.
  • Experience with residential construction projects (single family and/or multifamily)
  • Working knowledge of New York zoning laws, permit pathways, and entitlements processesAbility to understand construction project plans and specifications.
  • Proficiency in project management and construction budgeting.
  • Customer-facing experience with strong communication skills through emails and phone calls.
  • Previous experience in team management or leadership roles
  • Possess a strong ability to define problems, collect data, establish facts, and draw valid conclusions.

Mindset and Character

At CHC, we look for future employees who demonstrate the mindset and character of our following core values:

Deliver Extraordinary Client Experience:

  • Demonstrate unwavering responsiveness and dedication to delighting clients at every touchpoint.

Take Responsibility:

  • Be proactive, know what you are responsible for, act with integrity and follow through to the end.

Respond with Urgency and Care:

  • Balance speed with quality, ensuring that every response is both timely and impactful. Grow Together:
  • Grow together through a culture of intellectual curiosity, collaboration and celebration.

Job Tags

Full time, For contractors, Work at office, Flexible hours

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