Development Risk Manager - Construction Oversight

Development Risk Manager

Under limited supervision, the Development Risk Manager ("DRM") works within RJAHI's Asset Management group. The DRM will be a member of a professional team that provides expertise and analysis for affordable housing investment and asset management activities. For investments representing moderate risk and complexity, performs underwriting functions for to-be-built or existing developments, and manages development risk through construction lease-up. Also, performs administration of the documentation and funding requirements, and provides consulting support through a high level of professional service and conduct to existing and potential customers.

Specific Responsibilities

Underwriting (with moderate supervision)

• Reviews the project design, entitlements, technical merit, building code, compliance, usability, and marketability of the project.
• Performs initial project underwriting site visit with development and production teams.
• Evaluates the qualifications of the development team.
• Contributes to the understanding and analysis of real estate market conditions and long-term competitiveness of the project.
• Reviews development, design, and construction contracts for appropriate structure and terms.
• Analyzes the project budget, completion schedule, and delivery methods for material risk.
• Recommends and assists in review and negotiations of the partnership agreements.
• Analyzes overall risk and recommends appropriate level of oversight outsourcing.
• Determines insurance requirements in accordance with insurance guidelines and that the appropriate insurance certificates have been received before closing.

Development Risk Management (with moderate supervision)

Administration (with minimal supervision)

Knowledge Base

Educational Background and Professional Expertise

Qualifications Knowledge, Skills, and Abilities Knowledge Of

Skill In

Ability To

~or~

Licenses / Certifications

Bachelor's : Accounting, Bachelor's : Business Administration, Bachelor's : Finance

Manager Experience - None

Housing Credit Certified Professional (HCCP) - National Association of Home Builders (NAHB), Tax Credit Specialist (TCS) - National Center for Housing Management (NCHM)

Less than 25%

Remote

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to : Grow professionally and inspire others to do the same Work with and through others to achieve desired outcomes Make prompt, pragmatic choices and act with the client in mind Take ownership and hold themselves and others accountable for delivering results that matter Contribute to the continuous evolution of the firm

At Raymond James as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.