Manager- Construction Project Assessment

Job Description

Manager - Construction Project Assessment

FinacPlus provides Virtual Business and Professional Services to overseas clients and this position is to be part of the dedicated team which provides Mortgage Loan Management Services to Toorak Capital Partners from Mortgage Finance Industry.

About Toorak Capital

Toorak Capital Partners is a multibillion-dollar integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Tampa, FL, Toorak Capital Partners acquires and manages loans directly from private lenders that originate high credit quality loans. Toorak Capital Partners principals have a deep understanding of mortgage credit in the residential and commercial space with backgrounds in real estate lending, capital markets, securitization, asset-liability management, asset management and credit. Toorak Capital Partners-funded projects have renovated or stabilized housing for more than 10,000 families to date an average of more than 500 families every month.

Position Overview

Manager - Construction Project Assessment position analyzes and evaluates construction projects to determine whether the estimated scope, cost, and schedule are accurate to determine if reimbursement draw requests are warranted.

Responsibilities

- Evaluates construction progress based upon on site pictures and submitted documentation to ensure the borrower(s) adhere to the original scope of work and compliance with the applicable codes and regulations.
- Serves as subject matter expert in support of draw management team by assigning percentage completion/construction progress to ensure appropriate release of funds using best practices.
- Assesses appropriateness of project schedule and milestones to ensure project completion prior to loan maturity.
- Assesses reasonableness of project labor requirements relative to the amounts budgeted.
- Considers construction methods being employed and determines cost-effectiveness relative to project budget.
- Communicates with leadership and stakeholders on the status of projects, raises awareness regarding thematic concerns to ensure the on-time and on-budget completion of projects.
- Critically evaluates the photos and other submitted documentation procured on-site to assess project status and assign completion percentage across all trades.
- Maintains open communication lines with the external stakeholders: loan originators and the borrowers, as needed.

Qualifications

- Bachelors degree in architecture or civil engineering, masters degree preferred.
- Licensed Architect who passed the AAT/ARE exam conducted by the Council of Architecture, or a Chartered Civil Engineer with the chartered engineer certificate from the Institution of Engineers-Not a Must
- 6-8 Years Project management and On-site experience in the construction site strongly preferred.
- Ability to interact successfully with owners, developers, and contractors through the various phases of planning, budgeting, and construction.
- Adept at identifying areas of risk and exposure when analyzing a project status. Superior organizational skills.
- Proficient with computer hardware and software including MS Office and MS Project. Strong Microsoft Excel skills required and must have the ability to summarize and present data efficiently.

LOCATION: Hyderabad

TIMINGS: 6:30pm to 3:30am IST

SALARY RANGE: Best in Industry

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