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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: In-Office | Tue – Thu; Flexible | Mon & Fri. Open to: Indianapolis, IN. Reports to: Managing Director, Construction Management. Position Summary: CREA is looking for a driven, collaborative construction risk management professional to play a key role in evaluating prospective investments and guiding construction risk strategy across our national portfolio. In this high-impact role, you will partner with Acquisitions, Asset Management, Credit & Underwriting, and Syndications while leading pre-construction due diligence, supporting construction monitoring, managing investor relationships, and helping drive successful project outcomes nationwide.
Job Responsibility
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 5 years of relevant experience in construction or real estate development, including risk management and underwriting
candidates with 5–7 years of experience are ideal
Ability to confidently interpret construction plans and technical documents, including geotechnical and environmental reports
Ability to analyze construction schedules and budgets with a strong focus on identifying and mitigating risk
Experience underwriting development projects is highly valued
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