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Director, Environmental & Construction Risk Management
Director, Environmental & Construction Risk ManagementOrix • Boston, MA, United States
Director, Environmental & Construction Risk Management

Director, Environmental & Construction Risk Management

Orix • Boston, MA, United States
1 day ago
Job type
  • Full-time
Job description

Environmental Risk Management

  • Review Phase I ESA’s and other environmental reports provided by developers to identify possible environmental issues and follow-up requirements. Reports reviewed for adherence to ASTM Standard E1527-21.
  • Through Account Managers, engage GZA GeoEnvironmental, Inc. or Partners Environmental to conduct peer review of all environmental reports. Interface with GZA / Partners regarding environmental findings.
  • Work with Account Managers to obtain documentation to address all open items.
  • Review follow-up documentation for adequacy prior to submission to GZA / Partners to obtain final review letter. Insure final letter closes all open issues and clearly identifies follow-up documentation required during construction.
  • Communicate any post-closing follow-up requirements to Asset Management / Development Risk Management (DRM).
  • Assist Capital Officers in addressing any environmental issues or concerns from investors.
  • Review and approve adequacy of any follow-up documentation for Asset Management / DRM prior to equity advances as specified in the Limited Partnership Agreement.
  • Track and process invoices for environmental services.
  • Maintain approved list of environmental firms to conduct peer reviews that meet BFIM quality standards, are responsive, and have strong geographic coverage.
  • Monitor industry standards for any proposed changes.

Construction Risk Management

  • Work with Account Managers to obtain required engineering and architectural documents. Standard set of documents to be provided for new construction and rehabilitation projects.
  • Review construction documents including plans, specifications, contracts, geotechnical reports, budget, schedule, and project team resumes for construction risk issues.
  • Engage approved consultants to perform Plan and Cost Reviews (PCR) and provide construction monitoring services using standardized report formats.
  • Review draft PCR’s and generate a Recommendation & Missing Documentation Memo (Tracking Memo) for Account Managers that identifies issues, and outstanding documentation.
  • Work with Account Managers to obtain adequate documentation to close out open issues. All issues must be satisfactorily addressed prior to closing.
  • Attend Investment Screening Committee meetings as necessary to address specific risk concerns.
  • Communicate any post-closing follow-up issues with Asset Management / DRM and include in Tracking Memo.
  • Alert Asset Management to equipment recalls, material deficiencies, and other issues that could impact the portfolio of managed assets.
  • Conduct periodic construction progress reviews of select developer / contractor clients. Reports to provide update on construction status (budget and schedule versus projections).
  • Assist Capital Officers in addressing construction risk issues with investors.
  • Periodically update report templates to address needs of investors, updates in the industry, and to resolve any report deficiencies.
  • Maintain approved list of engineering consultants to perform PCR’s and construction monitoring services. Continually assess performance of current consultants to insure quality is maintained.
  • Track and manage consultant invoices for payment by the Partnership.
  • Maintain project management database for Engineering as well as Environmental services.
  • Monitor construction industry trends regarding material pricing, shortages, new materials, procedures, tariffs and changes affecting building construction.
  • Additional Proprietary Investor Tasks

  • Initial investor kick-off call to discuss the deals, any issues etc. and select an approved consultant with investor originator, Investor Development Risk Manager (IDRM) and BFIM Capital Officer
  • Upload and maintain all documentation to specific investor designated shared file folders
  • Provide summary cover memos for the architect’s contract, GC contract and geotech report and upload to investor designated shared file folders
  • Upon receipt and review of the draft Plan and Cost Report, lead a conference call review with IDRM and BFIM consultant
  • Attend investor site visits with investor originator, analyst, IDRM and BFIM Capital Officer to allow investor to discuss deal specifics on site and / or virtually with project development team including architect and contractor representatives
  • Work with IDRM to answer / resolve questions / open issues in order to assure BFIM Chief Credit Officer investor is ready to close on environmental and construction related issues through closure of open items in Tracking Memo
  • Drone Photos – arrange for site drone photos with designated BFIM vendor and track delivery to investor; approve and process vendor invoices
  • Post-closing during construction, review monthly consultant reports and support BFIM DRM as needed
  • Annual base salary gross : $160,000 - $180,000 (MA only). The base salary range represents the estimated low and high end of ORIX’s salary for this position based on geography. Actual base salaries will vary and will be based on various factors, such as candidate’s qualifications, skills, competencies and proficiency for the role. The base pay is one component of ORIX’s total compensation package for employees. Other rewards and benefits include cash bonuses, long term incentives, health insurance, accident and life insurance, and retirement benefits. Please visit our Benefits page for additional information.

    Life at ORIX

    We are committed to the health and well-being of our employees and offer a quality, competitive benefits package that provides valuable healthcare and financial protection for our workforce, while emphasizing a healthy work / life balance.

    You Time

    We want you to have the time needed to recharge and manage life with our competitive vacation policy, floating personal holidays, extensive leave options, our annual observed holidays, and more.

    Family Care

    Every family has a different journey and ORIX USA Group is proud to offer extensive benefit programs such as : infertility coverage, adoption support, child and elder care, fully paid maternity, and generous parental leave benefits to help you and your families along the way.

    Flexible Work Arrangements

    ORIX associates enjoy the advantages of our hybrid working model with a 3 day in-office minimum requirement.

    Boston Financial Investment Management, LP and its parent company, ORIX USA, is an equal opportunity employer, providing equal employment opportunities (EEO), and is committed to diversifying its workforce. All employees and applicants for employment will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, gender identity or expression, pregnancy, protected veteran status or other status protected by law. This policy applies to all terms and conditions of employment.

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