At Northwestern Mutual, we are strong, innovative and growing. We invest in our people. We care and make a positive difference.
At Northwestern Mutual, we help our clients realize the promise of financial security and deliver comprehensive planning, insurance and investments through a trusted advisor and engaging technology.
Investment Products and Services helps our clients grow their wealth. In other words, IPS completes the promise we've made to our clients. By bringing investments and insurance together into one comprehensive plan, we help our clients strive toward their complete financial picture.
Our team demonstrates a keen understanding of the WMC investment philosophy and process with the ability to effectively communicate the Private Client Services (PCS) capability to Wealth Management Advisors (WMAs) and their staff, as well as to clients and prospective clients.
This role works closely with PCS Portfolio Managers to assist in handling PCS accounts in accordance with WMC investment philosophy. This position assists PCS Portfolio Managers in handling their books of business, but also leads their own distinct book between $300 million to $500 million.
Evaluates Real Estate investments to ensure compliance with architectural, construction and environmental risk policies for the Real Estate Investment Department within the mortgage loan portfolio and select equity investments within the equity portfolio as advised by the Director of Environmental and Architectural Services. Leads the consultation processes within specifically assigned MSAs in conducting and reviewing due diligence for both Property Condition Assessments, Environmental Site Assessments and Seismic Risk Analyses. Assists, communicates and advises business teams in the management and accounting of acceptable risks within the portfolios and against individual underwriting analyses. Monitors construction quality and schedules with developers and partners on construction projects and approves changes/modifications to same. Regularly contracts, manages and leads outside consulting firms for third party evaluations. Responsible for understanding the entire Construction Draw management system, including balancing development budgets and draw requests, attending construction draw meetings, and verifying construction status on individual projects on an as needed basis to assist the Construction Audit group.
Primary Duties & Responsibilities - Evaluate and enforce policies and procedures for architectural and environmental due diligence process.
- Advise Director of ACE on potential deviations from policies and procedures and assist in amicable resolution thereof.
- Provide Production Team with economic evaluation of capital expenditures and management of environmental risks and deferred maintenance.
- Reviews and approves requested documentation including drawings/specifications, surveys, soils reports, consultants reports, and other documents to provide analysis as necessary to close new investments per established schedules.
- Reviews and approves construction related documentation (design and construction contracts, budgets, soils reports, drawings and specifications) prior to construction commencement, monitors compliance, progress and quality during construction.
- Hire and lead, nationally, consulting firms on a project by project basis to manage due diligence process. Interpret outcomes and discuss/debate issues with external consultants, Borrower's consultants and legal counsel, and represent Northwestern Mutual in a professional and ethical manner. Effectively manage costs associated with hiring third party consultants.
- Provide timely support to Closing Unit including performing daily database entries to ensure adequate communication and management of transactions.
- Where appropriate, ensure appropriate disbursement of construction loan and equity funding's.
- Participates in deal review process for all new investments.
Knowledge, Skills, Abilities - A bachelor's degree in architecture, engineering, environmental, or construction management with direct, relevant real estate experience working with institutional investors and lending of a minimum of 7 years. Candidates with longer, more specific real estate experience in lieu of educational experience may also be considered. Knowledge of multiple building types and potential issues regarding each type (high rise, mid rise, industrial/flex space, garden apartments, etc.) is required. Strong communication skills are a must, and courage to defend protocols established within Real Estate Services is mandatory. Cross training to various teams described herein is required, and willingness to train (including internal and external classes) is a requirement. Must be willing and able to be located in the Northwestern Mutual Home Office Campus in Milwaukee, WI. Short term national travel is required on a scheduled and unscheduled basis. Personal life flexibility must account for this need.
- Specific experience working within and for an institutional investor will be given the highest prioritization.
Benefits: - 401K
- Company sponsored retirement plan
- Educational assistance
- Performance based incentive pay
- Medical, dental and vision insurance
- Parental leave
- Caregiver time off
- ....and more
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W e are an equal opportunity/affirmative action employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender identity or expression, sexual orientation, national origin, disability, age or status as a protected veteran, or any other characteristic protected by law.
If you work or would be working in Colorado or outside of a Corporate location, please click here for information pertaining to compensation and benefits.
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