Construction Budget Manager

The Construction Budget Manager is responsible for analyzing and maintaining construction budgets for DCHFA's multifamily housing projects. This includes processing draw requests (requisitions), auditing backup documentation, reconciling project budgets with trustee records, and resolving variances between actual draws and budgeted amounts. The role collaborates with internal teams and external stakeholders such as underwriters, construction engineers, and developers.

ESSENTIAL DUTIES AND RESPONSIBILITIES

???Collaborate with multifamily underwriters and development teams to establish and analyze project budgets prior to closing the transaction.

???Participate in pre-closing conference calls and kickoff meetings; review initial requisitions to ensure compliance with closing memoranda.

???Maintain a system for tracking expenditure and draw requests; reconcile account balances with trustee records; produce accurate summary reports.

???Analyze actual expenditures against budgeted line items; identify variances and work with Construction Engineers to review and present draws for approval.

???Address discrepancies and resolve draw-related issues in coordination with internal and external stakeholders.

???Conduct due diligence on bond documents to ensure requisition line items are following contract terms; communicate inconsistencies to the Underwriter, Accounting Manager, and General Counsel as needed.

???Review and evaluate all soft cost reallocation requests for accuracy and appropriateness.

???Perform project management responsibilities, specifically related to construction inspections for both new developments and rehabilitation projects

???Supports the financial management team by providing accurate construction ledger reports and financial data

???Perform on-site inspections to confirm that construction/rehabilitation activities align with contract documents, DC codes, and applicable regulations.

???Certify work completion and support preparation of construction cost write-ups and other technical documentation.

???Ensures construction contracts comply with District of Columbia codes, FHA/HUD standards, and industry best practices, and verifies that completed work aligns with approved plans and specifications.

Perform other duties as required

KNOWLEDGE AND QUALIFICATIONS:

• Bachelor's Degree in Construction Management, Accounting, Business Administration, related field or equivalent years of experience is required
• Minimum 5+ (five) years of experience in construction project management, preferably within a real estate finance or affordable housing environment.
• Project Management Professional (PMP) is a plus
• Advanced proficiency in Microsoft Excel; experience with financial or project management systems and system conversions is a plus.
• Solid understanding of construction practices, materials, and building codes.
• Ability to pay strong attention to detail and demonstrate excellent organizational skills
• Strong analytical and problem-solving skills to address project budget and construction issues.
• Excellent verbal and written communication skills to effectively engage with diverse stakeholders.
• Must be able to successfully and autonomously manage projects of a varied and complex nature.
• Proven ability to manage multiple priorities and maintain accuracy in a fast-paced environment.

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