Director, Development Risk Management

🔥 0 minutes ago

🦀 Maryland – Remote

🦀 Maryland – Remote

💵 $135k - $160k / year

⏰ Full Time

🔴 Lead

🔒 Insurance

👻 Ghost score 0%

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Enterprise Community Partners

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1982

🏗️ Construction

🏥 Healthcare

📦 Logistics

Construction • Healthcare • Logistics

Enterprise Community Partners is a national non-profit organization dedicated to increasing the supply of affordable housing and advancing racial equity and resilience within communities. Since 1982, they have invested $72 billion to create and preserve over 1 million homes across the United States. The organization offers a range of services including policy advisory, financing for developers, and community development financial institution (CDFI) services. Their mission centers on making home and community places of pride, power, and belonging, with particular focus areas in housing supply increase, racial equity advancement, and building upward mobility and resilience. Enterprise Community Partners also collaborates with other organizations to support sustainable and equitable housing solutions through its Power Forward Communities program. They aim to bring about change by investing in affordable housing and align financial returns with social impact through their Enterprise Community Impact Note.

📋 Description

• Manage construction risk for affordable housing projects developed with Low-Income Housing Tax Credits (LIHTC) • Monitor construction progress, identify issues, and help resolve them • Support successful completion and long-term viability of low-income housing projects • Oversee collection and review of monthly inspection reports • Evaluate proposed change orders and other construction information for development-phase projects • Participate in construction-related due diligence, including contracts, plans, specifications, and development team qualifications, to support underwriting • Evaluate the construction portfolio and identify projects with emerging or existing issues • Coordinate with internal teams to assess impacts and develop solutions with mitigation strategies and cost considerations • Identify potential construction-phase issues, including cost overruns, delays, design problems, stakeholder issues, agency matters, financing difficulties, utility constraints, severe weather, and environmental conditions • Facilitate dispute resolution among general partners, general contractors, vendors, and agencies • Support asset management staff in resolving construction and development issues on stabilized projects • Provide quarterly written summaries of issues and progress against strategy for watchlist projects • Interface with proprietary investors regarding construction risk updates, project-level questions, mitigation strategies, and project performance • Collaborate with regional asset management, finance, workouts, credit, accounting, underwriting, and specialized teams across the project life cycle

🎯 Requirements

• Bachelor’s degree in Architecture, Engineering, Construction Management, or equivalent experience is required • Registered Architect or Professional Engineer preferred • 2–6 years of related experience with increasing levels of responsibility, preferably including on-site construction oversight • 2 or more years of Development Risk Management experience with LIHTC funds • Demonstrated ability to manage a wide variety of construction-related individuals, issues, and situations • Solid understanding of standards, processes, and challenges specific to affordable housing preferred • Knowledge of and experience with green building standards helpful • Familiarity with local and regional housing/building agencies and contractors • Ability to work effectively in a team environment • Ability to work independently • Advanced oral and written communication skills • Highest level of professional integrity • Ability to travel periodically to job sites throughout the continental United States, approximately 10% • Ability to travel intermittently to company functions 1–2 times per year

🏖️ Benefits

• Annual performance bonuses • Generous paid leave programs • Dental, health, and vision care plans • Family-building benefits including adoption and surrogacy support • Flexible work arrangements • Health advocacy • Employee Assistance Program (EAP) • Mental health benefits • Financial education • Wellness programs • Auto-enrollment in the company’s 401(k) plan with employer matching contributions • Learning and development opportunities • Tuition reimbursement for job-related courses and certifications