Cardinal Group Jobs (NOW HIRING)

POSITION: Due Diligence Project Manager, CapEx (Full Time, Exempt)

COMPENSATION:  Pursuant to Colorado regulations, if this job is performed in Colorado, the salary range is $85,000-$100,000. Eligible to participate in the company benefits plan. We offer health, vision, dental, and pet insurance. We offer a 401(k) retirement plan, student loan assistance, licensing and continuing education reimbursement, and parental leave.

SUMMARY

As the Due Diligence Project Manager, you are primarily responsible for the management of acquisition due diligence physical condition assessments, inspections, CapEx budget information, and physical risk assessment for real estate acquisitions where Cardinal Group Real Estate Services has been engaged.  This will often be in service of Cardinal Group Investment’s acquisitions, though may also be required for third-party assets, or while supporting the Consulting and New Business Development teams.   You will also be responsible for keeping and maintaining cost data and comparable estimated budget information to assist clients with CapEx planning and execution risk assessments.  This role also requires leadership, collaborating with our CapEx project managers during the DD process. You will also be tasked with the testing and implementation of new technology that can improve Cardinal Group’s cost estimating, due diligence and project planning capabilities.    Project types typically include student and conventional multi-family residential renovation, with a focus on unit upgrades, and range in value from $2500k to $10MM.

RESPONSIBILITIES (Including but not limited to)

• Liaison with Cardinal Group Investment’s Acquisitions (CGI Acq) team members or third party clients, frequently and as requested, to provide the appropriate support for pre-acquisition due diligence activities.

• Own the relationships with our preferred and backup PCA vendors, such as Partner ESI, etc., and secure PCA proposals, manage the procurement process, schedule/coordinate the site visits and work deliverables, and integrate final PCA reports into our team’s acquisition DD process deliverable.

• Develop and lead collaboration for our CapEx Services “DD Memo” document to CGI Acq team, and work with the Acq team on any further detail requests or clarifications until DD Memo final copy acceptance. 

• Lead or co-lead vendor pricing requests during the Due Diligence process to confirm/establish scope budgets.

• Collaborate through the DD process with a pre-determined CapEx project manager, who will execute the CapEx renovations/upgrades after acquisition.

• Contribute to the underwriting process by evaluating how specific physical improvements will impact the asset’s Net Operating Income and long-term valuation.

• Lead or co-lead vendor pricing requests during the Due Diligence process to confirm/establish scope budgets.

• Facilitate a formal transition of the CapEx plan and any operational impacts to the Asset Management and On-site Operations teams to ensure Day 1 operational alignment. 

• Maintain excellent relationships with all internal and external clients and team members.

• Contribute to the development of Cardinal Group’s platform by testing and implementing new technologies, processes, workflows, or general business practices.  These technologies may be specifically focused on using new software, artificial intelligence or machine learning to automate key parts of the cost estimating and budget creation process.

• Build stakeholder connections through integrity, performance, and leadership to establish and maintain trust in our expertise.

• Champion the Cardinal Culture and Cardinal’s Core Values every day.

• Other tasks, as assigned by the Director.

QUALIFICATIONS

• Bachelor’s degree in Construction Management, Architecture, Engineering, or comparable field and/or min 10 years of experience working with a construction firm, program management consultant, or general contractor.

• Minimum 5 years experience working with multifamily property CapEx renovations/upgrades

• Ability to demonstrate strong vendor and trade relationships, specifically for PCA vendors and multi-family rehab work.

• Outstanding leadership, organizational, and customer service skills.

• Proficiency in Google Suite and Microsoft office software applications; project management applications preferred.

• Excellent written and verbal communication skills.  Capability to write interdepartmental memos.

• Effective facilitation of team and client meetings.

• Strong interpersonal skills and problem-solving ability.

• Ability to travel when needed to fulfill project responsibilities.

• Meet strict deadlines and prioritize.

• Excellent analytical skills, attention to detail and a strong work ethic.

• Ability to solve problems and think outside-of-the-box.

• Build and maintain strong relationships and establish strong interpersonal connections.

• Ability to embody the Cardinal Culture and Cardinal Core Values every day.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those a Team Member encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Incumbents work in an office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the Team Member is regularly required to use hands to finger, type, handle, or feel and talk or hear.  The Team Member is frequently required to stand; walk; reach with hands and arms, and stoop, or squat.  The Team Member is often required to sit.  The Team Member must be able to push, pull, lift, carry, or maneuver office products and supplies of up to twenty (20) pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus.

The above job description is not intended to be an all-inclusive list of duties and standards of the position.  Incumbents will follow any other instructions, and perform any other related duties, as assigned by their Team Leader.