Director of Construction Management - Los Angeles, United States - Arixa Capital
Description
About Arixa Capital
Arixa is seeking a Director, Construction Management, to support the Companys growth and development as one of the leading non-bank private real estate lenders in the Western U.S.
Arixa is truly differentiated in our market. Arixa is both an investment manager and a lending platform, while our competition is almost exclusively lenders who do not manage discretionary funds. This distinction allows Arixa to customize solutions for borrowers without special approvals from distant committees or boards of Managers that dont understand our business. Arixa also is one of the only private lenders that manages money from top tier institutional investors, giving Arixa substantial capacity to grow.
We place organizational health at the top of our priority list. Arixa operates with an organizational playbook that is updated each year and incorporates input from across the organization. This playbook ensures that we remain aligned, and everyone knows what is most important - covering our mission, our values, and our top priorities each year.
More information on Arixa can be found online at
Job Description
Arixas Director, Construction Management, will play a pivotal role in supporting Construction Leadership by providing guidance and oversight within construction underwriting, fund control, and asset management. This will include conducting plan and cost reviews for loans, validating borrower track record / historical performance, and managing draw escalations while maintaining exceptional customer services. In the event of an underperforming
Summary of Primary Responsibilities:
While not an all-inclusive list of responsibilities, the Director, Construction Management, will be responsible for:
Providing support and guidance to cross functional work teams in matters of construction management.
Partner with borrowers ensuring building requirements are being met in accordance with Arixa practice and procedure.
Oversee borrower construction draw escalations, ensuring Arixa performs withing SLA on construction fund disbursement.
Conduct comprehensive plan and cost reviews for subject loans to ensure feasibility and accuracy.
Interview borrowers, Contractors, or other relevant parties assessing their experience and ability to perform.
Review all relevant construction documentation and advise on project or borrower construction risk.
Develop plans on work-outs to optimize asset performance, including reviewing and selecting contractors or sub-contractors for completing construction.
Oversee the preparation of weekly cash flow projections, providing strategic input to senior management as it relates to leveraging warehouse facilities, managing loan sales and funding allocations between funds.
Special Projects
Works with other internal teams in handling special requirements or projects. Remains current with any best practices, particularly in lending services and real estate.
Requirements
Bachelors degree with an emphasis in Construction Management, Civil Engineering, or related field. Relevant MA / MS / MBA preferred.
10+ years of related construction management experience, including construction underwriting, process and system design and implementation, and fund control / draw control oversight.
Excellent communication skills with the ability to present and partner with borrowers, construction teams, business leaders and executives.
Broad understanding of real estate lending, valuation, and workflows; with a commitment to exceptional customer service.
Continuous improvement mindset, and the ability to think critically about systems and processes to improve them through ingenuity, hard work and creative thinking.
Proficient in Salesforce, Microsoft Office applications (Word, Excel, and PowerPoint), and related software programs.
This LA-based position requires in-office work three (3) or more days per week, to ensure close alignment among all team members.
Compensation
This position is an exempt full-time role with a salary range of $135,000 - $155,000 plus potential discretionary bonus based on individual and business performance.
Benefits
The employee is eligible for the following benefits:
Annual discretionary bonus program
Medical, dental and vision insurance
Exceptional health and wellness benefits programs
Two weeks (10 days) paid time away excluding holidays and sick time.
All major holidays (8 days)
One floating holiday
Note: This is not an all-inclusive list. The Director, Construction Management, will be involved and participate in relevant related business matters and duties as assigned. Arixa is an at-will employer.