Construction Risk Specialist

As a Construction Risk Specialist at Cincinnati Development Fund, your primary responsibilities will include managing a portfolio of construction loans, ensuring projects adhere to approved plans and budgets, and supervising draw requests to maintain financial accuracy. You'll also work closely with loan officers, developers, and general contractors to monitor project progress, conduct site inspections, and report any issues that may impede loan quality.

To apply for the Construction Risk Specialist position at Cincinnati Development Fund, candidates should possess a Bachelor’s degree in business, real estate, finance, or a related field. Additionally, having 3-5 years of experience in commercial real estate financing or banking is preferred. Strong communication skills, proficiency in Microsoft Office, and the ability to analyze financial documents will also be essential qualifications for this role.

The salary range for a Construction Risk Specialist at Cincinnati Development Fund is between $65k to $80k. This competitive compensation reflects the importance of the role in supervising construction loans and contributing to the organization’s mission of community development.

Cincinnati Development Fund emphasizes team collaboration in the role of a Construction Risk Specialist by encouraging cooperative efforts with loan officers, finance staff, and credit risk managers. The working environment is designed to support a collaborative spirit, where effective communication and teamwork are vital in ensuring the successful management of construction projects.

Cincinnati Development Fund offers a comprehensive range of benefits for Construction Risk Specialists, including competitive medical, dental, and vision insurance options, a 403(b) retirement plan with a company contribution, company-paid life insurance, long-term disability insurance, tuition reimbursement, and generous paid time off. These benefits make it an excellent place to grow your career while enjoying a supportive work environment.

When answering this question, emphasize your direct experiences with construction loans, detailing the types of projects you've managed and the specific responsibilities you held. Be sure to discuss any processes you implemented for monitoring budgets, timelines, or approvals, which align well with the expectations at Cincinnati Development Fund.

Speak about your thorough approach to verifying financial documentation, including how you systematize reviewing draw requests, employing a checklist for documentation. Highlight specific examples where your attention to detail helped prevent financial discrepancies on past projects, as this is crucial for a Construction Risk Specialist.

Describe your understanding of the construction draw process, focusing on how funds are released at various stages of a project in relation to completed work. It would be beneficial to reference any tools or methodologies you have used to track disbursements and ensure compliance with lending guidelines.

Discuss your problem-solving approach, which might include conducting site visits, collaborating with contractors to understand the challenges, and modifying timelines or budgets where necessary. Mention any successful experiences where you've turned around a project from delays, showcasing your proactive project management skills.

Explain your analytical methods for assessing risk, such as utilizing historical data, financial statements, or risk management matrices. Share how you apply these methods in real-world scenarios, particularly in relation to construction projects you've overseen.

Share a specific example highlighting your role in a team-oriented project, focusing on your contributions and how you facilitated communication and collaboration among team members. Discuss the project outcomes and any lessons learned that you can apply when working at Cincinnati Development Fund.

This is an opportunity to showcase your alignment with the organization’s mission. Discuss your passion for community development, mention any past experiences with similar organizations, and express your enthusiasm for leveraging your skills to enhance low-income neighborhoods in Cincinnati.

Describe your strategies for prioritization, such as utilizing project management tools or establishing a task hierarchy based on deadlines and project complexity. Provide an example of how you've successfully juggled multiple responsibilities without compromising quality.

Emphasize the significance of clear and effective communication in your previous positions. Illustrate how you have kept all stakeholders informed throughout the construction process, and how maintaining open lines of communication has led to successful project completions.

Talk about your commitment to professional development through attending industry seminars, reading relevant publications, participating in forums, or networking with other professionals. This shows your proactive attitude toward continuous learning, which is crucial for a role at Cincinnati Development Fund.