Construction Risk Manager

The Role.

Streamline processes to decrease turn times for reviews, ultimately improving the overall customer experience.
Assess project feasibility, plans, construction budgets, risk factors, and borrowers’ development experience, applying Ascent’s guidelines to recommend an appropriate level of loan approval.
Contribute to decision-making for projects ranging in value from $1 million to $50 million, ensuring they meet stringent financial, regulatory, and investment criteria.
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.
Consult with Sales and Credit teams to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent.
Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues.
Assist in the implementation of robust policies and procedures, underwriting parameters, and in-house disbursement servicing operations.
Engage and manage outside vendors in cost reviews, inspections, and fund control while supporting a large, diverse construction loan portfolio.
Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions.
Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance.
Assist in the adoption of data analytics in construction risk management, contributing to a more informed and proactive approach to risk mitigation.
Participate in day-to-day operations of the (pre-closing budget review) and post-close (rehab draw administration), ensuring compliance with internal policies.

The Work.

• Streamline processes to decrease turn times for reviews, ultimately improving the overall customer experience.
• Assess project feasibility, plans, construction budgets, risk factors, and borrowers’ development experience, applying Ascent’s guidelines to recommend an appropriate level of loan approval.
• Contribute to decision-making for projects ranging in value from $1 million to $50 million, ensuring they meet stringent financial, regulatory, and investment criteria.
• 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.
• Consult with Sales and Credit teams to package appropriate solutions to meet the needs of the borrower while ensuring profitable outcomes for Ascent.
• Monitor the performance of the construction loan portfolio, identifying and addressing any emerging risks or issues.
• Assist in the implementation of robust policies and procedures, underwriting parameters, and in-house disbursement servicing operations.
• Engage and manage outside vendors in cost reviews, inspections, and fund control while supporting a large, diverse construction loan portfolio.
• Conduct site visits as necessary to assess project progress and ensure compliance with loan conditions.
• Review portfolio reporting mechanisms to improve decision-making and accountability in asset performance.
• Assist in the adoption of data analytics in construction risk management, contributing to a more informed and proactive approach to risk mitigation.
• Participate in day-to-day operations of the (pre-closing budget review) and post-close (rehab draw administration), ensuring compliance with internal policies.

Your Skills and Experience.

• 5+ years of experience in construction management or real estate lending within the finance industry.
• Experience communicating and collaborating with internal and external stakeholders.
• Proficiency in relevant software such as construction management software (e.g., TrustPoint, Procore), and general office software (e.g., Microsoft Office Suite).
• Strong analytical and decision-making abilities.
• Experience successfully multi-tasking and prioritizing work.
• Experience consistently meeting deadlines in a fast-paced environment.

The Pay

Salary range is $110,000-$140,000 per year, with a discretionary bonus of 20% per year.

The Work Environment.

This role works on-site from Ascent's Encino office, Monday - Thursday (Fridays are work-from-home).

Our Benefits

• 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.

Our Pledge

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.

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