Construction Administrator

Job Description

The Asset Management - Construction Administrator will be an integral part of CRG’s development team. This position will be primarily responsible for processing construction draws, coordinating capital calls with investors and managing loan advances with lenders. This position also would assist in reporting to management, investors and lenders and a broad range of construction and asset management functions.

Primary Duties:

Draw Processing

• Manage construction draw process and procedures for each development project.
• Establish due dates and milestones to ensure draw funding occurs in a timely manner for owner, investors and lender.
• Monitor project budgets relative to joint venture documents, loan agreements and GC contract.
• Process and document Change Order approvals with Owner, Investor, Lender and GC.
• Ensure draw packages are accurate and complete
• Coordinate draws with accounting, title company, investors, lender and their respective inspecting/disbursing advisors.
• Manage the Owners Statement/Project Budget, including processing and tracking of Owner’s expenses with CRG accounting.
• Submit funding requests to investors and lenders and coordinate/monitor with accounting
• Review and abstract Owner agreements, loan agreements, construction contracts for key reporting requirements, draw process, Owner obligations/approvals, construction close-out, and key milestones.
• Verify preconstruction items with Partners after Investment Committee (REIC) approved.
• Assist with project reporting to Owners, investors and lenders

Secondary Duties:

• Assemble monthly reports for management and investors
• Maintain Tickler Reports and Tracking Logs
• Track Insurance Certificates
• Provide general office support for the development team as needed

Experience

• Undergraduate degree in Business or Accounting or equivalent related work experience
• 5 + years administering commercial construction disbursements
• Proficient in MS Word, Excel, Outlook, PowerPoint, Adobe, and other relevant software
• Ability to support multiple projects in parallel and prioritize competing demands
• Strong work ethic with effective organizational and time management skills
• Excellent verbal and written communication skills
• Demonstrates balance of independence and ability to play supportive role in team process
• Accurate and detail oriented

About CRG 
CRG is a leading North American real estate developer headquartered in St. Louis, Missouri with offices in Chicago, Sacramento, Atlanta, Pittsburgh and Northern New Jersey. The CRG team has developed more than 5,000 acres of land and delivered over 160 million square feet of commercial, industrial, multi-family and institutional assets exceeding $9 billion in value. For more information visit www.realcrg.com. CRG is the real estate service subsidiary of Clayco.