Job Purpose
The Project Manager will be responsible to assist the SVP, Construction - Asset Management with the site inspections and monitoring of the construction/renovation projects, as well as all aspects of the draw requisition process.
Essential Job Functions (Duties/Responsibilities)
The Project Manager, Asset Management will have the following duties and responsibilities, including but not limited to:
• Monitor and track the progress of the construction/renovation projects. • Work with the Renovation/Rehab Team (SVP, Construction - Asset Management, Project Managers and Construction Analysts) on processing all draw requisitions. • Assist in the processing of all payment requests and payment applications including preparing the necessary paperwork for sign off by various internal departments such as Asset Management, Accounting, Treasury, Servicing, etc. • Act as a point person to the rest of the Asset Management staff, including communicating documentation requirements and funding deadlines to the Asset Managers that are directly responsible for the assets to which the draw requisitions pertain. • Coordinate site inspections with third-party engineers. • Obtain and review property reports from engineering firms. • Create and maintain spreadsheets and calendars to track the draw requisition process. • Regularly travel to properties to inspect the construction/renovations.
Qualifications
Education: Bachelor's degree; concentration in Property Management, Real Estate, or Construction Management preferred.
Experience: Minimum five (5) years property management, construction, or real estate project management/capital project experience with knowledge of renovation/construction terminology.
Knowledge/Skills/Abilities: Be familiar with and have had experience in the construction/renovation process and have knowledge and understanding of construction terminology. Have working knowledge and experience of the administration, bookkeeping, and accounting of the construction/renovation process. Proficiency in Microsoft Outlook, Excel and Word. Excellent organization, communication and multi-tasking skills. Must be hard-working, a quick learner, detail-oriented, and well-organized.
Travel: ~ 40%
For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we’re more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.
Founded by Chairman and CEO Ivan Kaufman, Arbor Realty Trust, Inc. is a national direct lender and real estate investment trust specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Arbor is a Top 10 Fannie Mae DUS® Multifamily Lender by volume and a Top Fannie Mae Small Loan lender, a Freddie Mac Program Plus® Seller/Servicer and the Top Freddie Mac Small Balance Loan Lender, a Fannie Mae and Freddie Mac Seniors Housing Lender, an FHA Multifamily Accelerated Processing (MAP)/LEAN Lender, a HUD-approved LIHTC Lender as well as a CMBS, Bridge, Mezzanine and Preferred Equity lender, consistently building on its reputation for service, quality and flexibility. Arbor also offers Arbor LoanExpress, an online loan origination and processing platform designed to make multifamily financing easier and quicker for borrowers, brokers and correspondent lenders. With a multibillion dollar servicing portfolio, Arbor is a primary commercial loan servicer and special servicer rated by Standard & Poor’s with an Above Average rating. Arbor is also on the Standard & Poor’s Select Servicer List and is a primary commercial loan servicer and loan level special servicer rated by Fitch Ratings.