Sr. Manager, CPACE Credit
The Credit Team at NGC facilitates new CPACE financing originations by partnering with deal teams to help structure, review, approve, and appropriately risk-adjusted assessments in line with NGC's risk profile. While Deal Teams hold primary underwriting responsibility, NGC's Credit Team provides key underwriting support throughout the originations process including providing 'red flag' feedback or structuring input to help the team achieve smooth closings and understanding the overall risk tolerance strike zone. Additionally, the Credit Team takes the lead in representing deals post-close with investors and other stakeholders.
The Sr. Manager, CPACE Credit role supports the Credit Team in its work overseeing and representing the underwriting of CPACE transactions. Working in coordination with credit team members, this role provides the base Greenlight stage and pre-close stage review of a proposed transaction to ensure compliance with credit requirements, guidelines, and policy. This role further supports the credit department through appraisal ordering, data management, reporting, underwriting resource maintenance, and special topics research.
Key Responsibilities and Duties :
- Reviews early-stage deals to confirm compliance with credit policy and guidelines and identify key open diligence or gating items.
- Manages internal loan approval process to ensure :
- Acknowledgement, tracking, and timely responses to deal team inquiries
- Verifying that underwriting and information presented is complete and accurate
- Accurate portrayal of compliance with NGC and funder requirements
- Credit Team and deal team have latest data on market dynamics, including running CoStar, Trepp, and / or GreenStreet reports
- Complex issues are identified and escalated, working with senior members of the Credit team to quickly assess and mitigate risk and formulate credit decisions.
- Appropriate approver sign-off is coordinated, obtained, and documented in SF
- Salesforce contains accurate status on deal approval and CPs
- Takes the lead in appraisal ordering for NGC, closely tracking deliverables, performing appraisal credits review, and maintaining relationships with appraisal vendors. Uses best judgement in working with deal teams to identify correct scope for appraisal orders.
- Manages the updating and release of multiple key underwriting resources
- Leads on any credit related data, reporting, and / or salesforce needs.
Educational Requirements :
University (Degree) PreferredWork Experience :
2+ Years Required; 3+ Years PreferredPhysical Requirements :
Physical Requirements : Sedentary WorkCareer Level : 6IC
Required Qualifications :
2+ years of commercial real estate (CRE) experiencePreferred Qualifications :
5 - 10 years of commercial real estate (CRE) experienceExposure to real estate development and real estate risk and decision making e.g., underwriting, acquisitions, lendingExceptional problem-solving skills; ability to think strategically and creativelyAbility to self-manage a large volume of tasks and respond to changes in priorityExcellent written and verbal interpersonal skills; ability to engage with internal (Underwriters, Directors) and external stakeholders (borrowers, lenders, appraisers)Fluency with most of the following topics :Property cash flows : proformas, reading and evaluating compsValuations : reading appraisals and performing independent property valuations; market diligence; comparable sale / rent analyses; CoStar or similar real estate databaseFinancial Statements : reading balance sheets, income statementsDevelopment : construction management, lien waivers, draw requests, contractor review, budget reviewsCapital stack components : common debt and equity structuresIncentive finance : tax credits (new market, historic, low income), TIF, EB-5 FinancingAlternative legal structures : ground leases, commercial condominiums / declarationsInsurance : property insurance, builder's risk insurance, earthquake / flood / fire riskReal Estate Law : title reviews and common encumbrances, background searchesEnvironmental Risks : in real estate such as contamination, flood, earthquake, fireSpecial Use Properties : such as greenhouses, churches, theme parks, etc.CRE Ownership / Management Structures : organizational documents, ownership waterfalls, guarantees, management agreements, franchise agreementsCRE Document Review : loan documents, lease documents, property improvement plans (PIPs)Related Skills : Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement
Anticipated Posting End Date : 2025-10-04
Base Pay Range : $106,200 / yr - $127,000 / yr
Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).