Construction Director (Development/Fund Monitoring Specialist)

Construction Director (Development/Fund Monitoring specialist)

The role:

• Oversight and day-to-day management of complex construction assets or loans;
• Construction risk management throughout the life cycle of the investment Working with the investment team to review new opportunities;
• Working with the asset management team monitoring and assessing progress of the developments;
• Assessing the suitability of counterparties, contractors and professional teams;
• Reviewing construction costs and programme of new deals;
• Implementing procedures for Due Diligence;
• Managing external construction teams and design teams;
• Managing external enhanced monitoring teams;
• Working with external monitoring surveyors accessing the technical due diligence of new deals;
• Reviewing monthly monitoring surveyor reports;
• Tracking construction cost and programme changes across the projects;
• Approving UTR requests for construction related drawdowns;
• Visit sites to meet with the sponsor, contractors and professional team;
• Identify discrepancies in budgets, reports and ongoing projects, recommend appropriate remedies for these discrepancies and where necessary to challenge borrowers and third parties. Support re-underwriting of budgets by providing relevant comps.