Job description
Sr. Manager, CPACE Transaction Management
Nuveen Green Capital finances clean energy retrofits and clean new construction on commercial buildings through an innovative program called C-PACE (Commercial Property Assessed Clean Energy). C-PACE is a public-private financing mechanism through which private lenders provide low-cost, long-term funding for energy efficiency, renewable energy and water conservation projects in commercial properties. C-PACE financing is repaid as an assessment on the property's regular tax bill and processed the same way as other local public benefit assessments have been for decades. C-PACE is gaining traction among real estate owners and developers who are incorporating this specialty financing into their capital stacks.
The Sr. Manager, Transaction Management plays a critical role in all aspects of project development, including the support of loan origination, transaction management, and underwriting. The role supports Nuveen Green Capital as it advances complex commercial projects through to completion. The Sr. Manager, Transaction Management will benefit from rapid on-the-job learning, unparalleled strategic input, access to company executives and tremendous growth potential.
The Sr. Manager, Transaction Management plays a critical role in all aspects of project development, including the support of loan origination, transaction management, and underwriting. The role supports Nuveen Green Capital as it advances complex commercial projects through to completion. The Sr. Manager, Transaction Management will benefit from rapid on-the-job learning, unparalleled strategic input, access to company executives and tremendous growth potential.
Key Responsibilities and Duties
Transaction Management
- Leading a diverse pipeline of C-PACE projects of various complexity, triaging and prioritizing the most impactful next steps for the overall pipeline.
- Communicating internally with originations, credit, legal, and asset management teams and externally with clients and partners to keep the deal team on track for key milestones and closing.
- Working with mortgage holders (where applicable) to gain consent for C-PACE financing.
- Supporting relationships with commercial clean energy contractors, building owners, and other industry stakeholders.
- Preparing for client meetings, including development of background material and presentations.
- Increasing market awareness of Nuveen Green Capital.
- Going above and beyond to ensure a positive customer experience, creatively solving challenging problems, and enthusiastically supporting Nuveen Green Capital’s mission to be the Lender of Choice for our clients and partners.
Underwriting
- Preparing term sheets for early-stage deals and assisting with presentation materials when needed.
- Assisting in deal structuring negotiations, providing analysis to show borrowers and senior lenders how PACE can be a value-add in development project capital stacks.
- Leveraging third-party market research, such as CoStar, to support underwriting assumptions.
- Identifying transaction risks and tracking exceptions to Nuveen Green Capital’s underwriting criteria.
- Drafting and presenting credit memos to obtain credit approval, interfacing with Nuveen Green Capital’s credit team to troubleshoot underwriting concerns.
- Completing loan files accurately and thoroughly.
Educational Requirements
- University (Degree) Preferred
Work Experience
- 3+ Years Required; 5+ Years Preferred
Physical Requirements
- Physical Requirements: Sedentary Work
Career Level
7IC
Required Qualifications:
- 3+ Years of Commercial Real Estate experience
Preferred Qualifications:
- 5+ Years of Commercial Real Estate experience
- CRE underwriting experience
- Masters/ MBA related to CRE
- Demonstrated interest in sustainability and/or clean energy deployment
- Experience with commercial real estate construction/development projects
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).
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Company Overview
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information about the firm please visit our website at
www.Nuveen.com
Benefits and Total Rewards
The organization is committed to making financial well-being possible for its clients, and is equally committed to the well-being of our associates. That’s why we offer a comprehensive Total Rewards package designed to make a positive difference in the lives of our associates and their loved ones. Our benefits include a superior retirement program and highly competitive health, wellness and work life offerings that can help you achieve and maintain your best possible physical, emotional and financial well-being. To learn more about your benefits, please review our
Benefits Summary
.
Equal Opportunity
We are an Equal Opportunity/Affirmative Action Employer. We consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other protected status.
Read more about the Equal Opportunity Law
here
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Accessibility Support
TIAA offers support for those who need assistance with our online application process to provide an equal employment opportunity to all job seekers, including individuals with disabilities.
If you are a U.S. applicant and desire a reasonable accommodation to complete a job application please use one of the below options to contact our accessibility support team:
Phone: (800) 842-2755
Email:
accessibility.support@tiaa.org
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