Vice President OF Construction

Full-time Description CREA, LLC is a full-service low-income housing tax credit (LIHTC) syndicator forming long-term relationships with investors and developers that cultivate success and improve lives. With 25 years in affordable housing, CREA has raised $13.5 billion, resulting in the formation of over 97,500 homes within 1,059 communities across the country. Thanks to the contributions of over 135 employees, CREA continues to seek talented, passionate individuals who are excited about opportunities to grow with us. We are seeking a talented AVP, Construction Management, to join our Construction Management team in Indianapolis. Physical Presence: Remote or In-Office | Tue – Thu; Flexible | Mon & Fri Open to: Any CREA Office (San Diego, Indianapolis, Boston, New York) and Remote (West Coast Location Preferred) Reports to: Managing Director, Construction Management Position Summary: CREA is seeking a driven and collaborative construction risk management professional to play a key role in underwriting prospective investments and managing construction-related risk across our national portfolio. This position will primarily focus on construction underwriting, including reviewing development plans, specifications, construction schedules, budgets, third-party reports, and other due diligence materials to identify potential risks and recommend appropriate mitigation strategies. The remaining responsibilities will include construction monitoring, reviewing draw requests, conducting site inspections, supporting investor relationships, and helping guide projects toward successful completion. Serving as a critical partner to Acquisitions, Credit & Underwriting, Asset Management, and Syndications, you will provide comprehensive risk analyses and underwriting recommendations that help drive successful investment outcomes. Primary Responsibilities: Conduct pre-construction analyses covering key due diligence items, including site work, design plans and specifications, construction schedules, and budgets for senior & multi-family housing projects. Coordinate and assess third-party Construction Plan/Cost Reviews as well as Environmental Desktop Reviews. Evaluate and highlight the principal strengths, weaknesses, and potential risks of each proposed development. Identify risks revealed during the underwriting process and recommend appropriate mitigation measures. Prepare and deliver comprehensive pre-construction analysis reports to department leadership and Investment Committee members. Review monthly construction draw requests, examine third-party monitoring reports, and approve equity draw requests in collaboration with Asset Management. Visit project sites to conduct construction monitoring inspections as required. Compile site inspection reports detailing findings, observations, and risk assessments. Input and track property-specific construction data using CREA’s integrated web-based software. Collaborate closely with other departments within CREA. Requirements Bachelor’s degree in Construction Management, Engineering, Architecture, Risk Management, or a related field. Minimum of five years of relevant experience in construction, real estate development, or construction risk management, including direct experience underwriting multifamily or residential development projects; candidates with 5–7 years of experience are ideal. Ability to confidently interpret construction plans and technical documents, including geotechnical and environmental reports. Demonstrated ability to perform construction underwriting and due diligence, including analyzing development budgets, construction schedules, plans and specifications, third-party reports, project feasibility, and construction-related risks. Experience identifying construction and development risks and recommending appropriate mitigation strategies as part of the underwriting and investment approval process Strong computer proficiency, along with excellent written communication skills. Working knowledge of residential construction operations, design, and risk mitigation practices. Ability to travel approximately 25%, including overnight travel, throughout the continental United States. Core Competencies: Keen attention to detail, with a commitment to accuracy and quality in all deliverables. Strong written and verbal communication skills, with the ability to convey complex ideas and solutions clearly. Solid analytical and problem-solving skills, with the ability to interpret data, identify trends, and recommend actionable solutions. Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint, Outlook). Self-motivated and resourceful, with the confidence and initiative to succeed with minimal supervision. Proven ability to manage multiple priorities simultaneously, balancing competing deadlines and resources with strong organizational and time-management skills. Demonstrates professionalism, integrity, and a team-oriented mindset, upholding high ethical standards in all aspects of work. Our Values: We work as a family, investing in each other, worthy causes, and the communities we serve. We have integrity in all that we do; we embrace differences and treat others with kindness and respect. We believe that, with teamwork, we can accomplish anything and pursue inventive solutions for our clients. Work Authorization CREA does not provide employment visa sponsorship. Candidates must be authorized to work in the United States without current or future sponsorship from CREA. Pay The offered compensation rate will be based on factors such as education, qualifications, experience, and geographic location. The salary range for this position is as follows: California – $72K up to $122K; Massachusetts – $78K up to $132K; New York – $81K up to $138K