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Managing Director, Transaction Management
Managing Director, Transaction ManagementCRE Finance Council • New York, NY, United States
Managing Director, Transaction Management

Managing Director, Transaction Management

CRE Finance Council • New York, NY, United States
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  • [job_card.permanent]
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ABOUT CLEARWATER

Clearwater PACE, LLC ("Clearwater") is a New York–based, institutionally backed direct lender providing C-PACE financing nationwide across all commercial real estate asset types. Our capital supports ground-up development, value-add repositioning, adaptive reuse, and recapitalizations of recently completed projects.

Led by seasoned real estate credit and structured finance professionals, Clearwater structures customized, credit-driven financing aligned with sponsor objectives, supported by fully assumable loan features and flexible prepayment terms. When paired with more expensive senior or bridge debt, C-PACE provides a cost-effective source of capital that lowers WACC and strengthens the overall capital stack.

We seek to hire the best and the brightest. Our team operates with autonomy, accountability, and a solutions-oriented mindset, contributing directly to the growth of a high-performance platform at the center of energy transition and structured-credit innovation.

SUMMARY

Clearwater PACE is seeking a Managing Director of Transaction Management to lead all underwriting, diligence, and closing functions. This individual will own the full transaction lifecycle, ensuring every opportunity sourced by the Originations team is evaluated, structured, and executed with institutional precision.

The ideal candidate brings deep experience in commercial real estate credit and C-PACE financing, with a proven ability to manage teams, drive process discipline, and deliver high-quality execution across underwriting and closing.

Success in this role requires strong leadership and organizational skills, the ability to operate independently in a fast-paced environment, and the judgment to balance strategic priorities with executional rigor. The Managing Director should be comfortable navigating complex underwriting challenges, structuring sophisticated financing solutions, and collaborating closely with borrowers, lenders, developers, and capital partners.

KEY RESPONSIBILITIES

Credit & Structuring

  • Lead Clearwater’s underwriting and credit analysis functions from initial sizing through term sheet execution, ensuring each transaction aligns with credit standards, investor mandates, and return parameters
  • Refine and institutionalize underwriting frameworks, financial models, and approval protocols to support scalable, repeatable execution across multiple asset classes and markets
  • Oversee preparation of detailed cash flow models, capitalization analyses, and sensitivity scenarios to guide investment decisions and credit committee recommendations
  • Maintain an active dialogue with Originations and Credit to evaluate deal feasibility, structure optimization, and risk mitigation strategies in real time
  • Represent Transaction Management in Investment Committee discussions, providing data-driven recommendations and market intelligence to support credit decisions

Transaction Management

  • Oversee all aspects of deal execution from signed term sheet through funding, ensuring deadlines, conditions precedent, and closing deliverables are met across multiple jurisdictions
  • Direct coordination among third-party engineers, construction monitors, title agents, appraisers, attorneys, and program administrators to ensure technical and legal compliance with PACE statutes and Clearwater’s standards
  • Review and approve due diligence reports, legal documentation, and escrow arrangements; anticipate potential issues and design practical resolutions to maintain closing velocity
  • Manage capital flow, disbursement sequencing, and warehouse / securitization logistics to ensure alignment with investor structures and servicing requirements
  • Act as the primary escalation point for transactional issues, ensuring transparency and accountability across all execution channels
  • Operations

  • Build and manage a high‑performing Transaction Management team, setting clear objectives, performance metrics, and professional development paths
  • Strengthen institutional processes by implementing controls, workflow automation, and cross‑functional coordination among Originations, Credit, Capital Markets, Legal, and Servicing
  • Drive continuous process improvement to enhance speed, accuracy, and scalability of underwriting and closing operations
  • Track portfolio-level performance, underwriting throughput, and capital deployment effectiveness, reporting key metrics to senior leadership and investors
  • Foster a culture of accountability, collaboration, and precision within all aspects of deal execution
  • Executive Leadership

  • Partner with senior leadership, including the CEO, Chief Credit Officer, and Head of Capital Markets, to integrate Transaction Management into broader platform strategy and capital deployment objectives
  • Support Clearwater’s ABS and rating agency initiatives through portfolio data aggregation, credit documentation, and transaction reporting
  • Contribute to platform scalability by designing and implementing best practices in diligence, closing, and credit administration for institutional investors and capital partners
  • Provide strategic input on new product development, program enhancements, and technology adoption to strengthen Clearwater’s competitive positioning
  • Serve as a senior cultural leader within Clearwater, reinforcing standards of integrity, discipline, and client service
  • QUALIFICATIONS & EXPERIENCE

  • At least 10 years of experience in commercial real estate credit, underwriting, or structured finance; C-PACE experience strongly preferred
  • Demonstrated success leading underwriting, closing, or transaction management functions within a capital markets, structured credit, or CRE lending platform
  • Deep understanding of complex financing structures, including construction, bridge, and permanent executions
  • Experience managing third-party diligence providers, external counsel, warehouse facilities, and securitization processes
  • Exceptional analytical, quantitative, and communication skills with the ability to present complex analyses clearly to both internal and external stakeholders
  • Proven ability to manage and scale teams while fostering cross-departmental alignment
  • COMPENSATION & BENEFITS

    Clearwater offers a highly competitive compensation package that includes a base salary and an annual performance bonus. Compensation is commensurate with experience and aligned with market benchmarks for this role.

    The firm offers a comprehensive benefits suite, including health, dental, and vision coverage, as well as a 401(k) retirement plan. This role follows a hybrid schedule with flexibility based on responsibilities and business needs.

    EQUAL OPPORTUNITY EMPLOYER

    Clearwater is committed to a diverse, inclusive, and equitable workplace grounded in integrity, collaboration, and respect. We welcome applicants from all backgrounds and are proud to be an equal opportunity employer. Only candidates selected for further consideration will be contacted.

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