Position: Construction Services Engineer– Sustainable Finance
Location: Stamford, CT
Reports To: Head of PACE
Our client invests nationwide at the intersection of the commercial real estate and energy industries through diversified ESG Infrastructure investments, including PACE, mortgage project finance and other financial tools.
The company consists of Wall Street veterans with decades of commercial real estate financial expertise and is coupled with environmentally driven corporate values that set us apart from our competitors. Have had a major impact in reducing the commercial building sector’s carbon footprint and in providing resiliency to the nation’s infrastructure.
Position Description:
The successful candidate will play a key role in partnering with origination team to work with OEMs, ESCOs, developers, building owners, energy and the commercial construction industry managing feasibility of projects and construction risk for the firm’s investments of sustainable measures in commercial buildings. Candidate will review new construction or planned sustainable or resiliency renovation projects for eligibility under our behind-the-meter sustainable financing, mortgages, and Property Assessed Clean Energy (PACE) programs and then provide construction lending monitoring services throughout construction.
Primary Duties:
Work with originations team to evaluate and to maximize projects for energy, water conservation or other sustainable resiliency measures to determine eligibility and feasibility for sustainable financing
Work with developers, contractors, energy professionals, and owners to engage and to evaluate third-party reports in new construction and retrofits of commercial properties.
Manage construction risk by working with project accountant in reviewing disbursement requests throughout draw process.
Assist with investor presentations and reporting.
Will be trained in any/some of the following depending upon interests and skill set:
Financial loan modeling of cash flows and sizing of deals.
Transaction management of complex PACE financings with senior management, including origination, underwriting, negotiating terms and conditions.
Screen financing opportunities, determine size, price and structure financing up to $500 million or more
Perform rigorous analysis of proposed transactions by reviewing completed underwriting to confirm statutory and financial underwriting. Will be trained to determine property valuation and credit enhancement models. value transactions for firm equity investment and CMBS execution
Manage origination and determine credit risk, review appraisal reports, property markets and direct underwriters or underwrite property cash flows determining transaction strengths
Qualifications:
Relevant energy experience as PE, architect and/or certification BEAP, BEMP, AEE, CEM, CEA, or ICP.
Certification or licensure is required (licensure in any state)
Experience in construction risk management
Proven experience modeling for commercial real estate energy efficiency or water conservation savings as PE or architect
Additional emphasize on soft skills - communication abilities, and effective collaboration, which are crucial for success in roles involving interaction with various stakeholders in the construction and sustainable financing industry.
Benefits:
Comprehensive benefits package, which includes medical, dental, life and disability insurance, paid vacation, and holidays.