Teachers Insurance and Annuity Association of America
Sr. Associate, CPACE Transaction Management
Teachers Insurance and Annuity Association of America, Washington, District of Columbia, us, 20022
Nuveen Green Capital (NGC) is a rapidly growing company with the goal of changing how our country’s commercial real estate buildings produce and use energy. We finance commercial real estate new construction developments, substantial rehab projects, and retrofits of existing buildings with an innovative financing product called C‑PACE (Commercial Property Assessed Clean Energy). Nuveen Green Capital is the nation’s leading provider of C‑PACE financing. C‑PACE financing funds multi‑million dollar energy, water, and resiliency measures within a commercial real estate project’s construction budget and is paired with traditional construction, bridge, and permanent financing to complete a project’s capital stack. C‑PACE financing is attractively priced construction‑to‑permanent financing that is growing in popularity among real estate developers and property owners.
The Senior Associate, Transaction Management is responsible for assisting in identifying investment opportunities via C‑PACE lending secured by all real estate product types. Working with senior originations team members, the Senior Associate, Transaction Management plays a critical role in all aspects of loan origination, transaction management, and underwriting. The role supports the analysis and execution for originating new C‑PACE investments on behalf of Nuveen Green Capital investors. The Sr. Associate, 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 Underwriting
Preparing term sheets for early‑stage deals and assisting with presentation materials when needed.
Perform loan underwriting in support of senior debt originations team members through building financial models, conducting financial and credit analysis of properties, reviewing markets, underwriting borrowers, writing internal investment memoranda, assisting in internal and external processes, and conducting other key diligence.
Prepare credit committee memoranda, term sheets, and other associated documents.
Perform ongoing market and property‑specific research.
Transaction Management
Execute on a diverse pipeline of C‑PACE projects of various complexity, triaging and prioritizing the most impactful next steps for the overall pipeline.
Communicate internally with originations, credit, legal, and asset management teams.
Lead externally with clients and partners to keep the deal team on track for key milestones and closing.
Support relationships with developers and third‑party capital providers.
Go 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.
Educational Requirements
University (Degree) Preferred
Work Experience
3+ Years Required; 5+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Required Qualifications
Minimum of 3+ years of Commercial Real Estate (CRE) underwriting experience
Preferred Qualifications
5+ years of Commercial Real Estate (CRE) experience
1+ year of CRE construction and/or development underwriting
Demonstrated interest in sustainability and/or clean energy deployment
Related Skills: Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement
Base Pay Range: $106,000/yr - $148,000/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).
Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Our full EEO & Non‑Discrimination statement is on our careers home page (https://careers.tiaa.org/), and you can read more about your rights and view government notices here (https://www.dol.gov/general/topics/posters).
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The Senior Associate, Transaction Management is responsible for assisting in identifying investment opportunities via C‑PACE lending secured by all real estate product types. Working with senior originations team members, the Senior Associate, Transaction Management plays a critical role in all aspects of loan origination, transaction management, and underwriting. The role supports the analysis and execution for originating new C‑PACE investments on behalf of Nuveen Green Capital investors. The Sr. Associate, 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 Underwriting
Preparing term sheets for early‑stage deals and assisting with presentation materials when needed.
Perform loan underwriting in support of senior debt originations team members through building financial models, conducting financial and credit analysis of properties, reviewing markets, underwriting borrowers, writing internal investment memoranda, assisting in internal and external processes, and conducting other key diligence.
Prepare credit committee memoranda, term sheets, and other associated documents.
Perform ongoing market and property‑specific research.
Transaction Management
Execute on a diverse pipeline of C‑PACE projects of various complexity, triaging and prioritizing the most impactful next steps for the overall pipeline.
Communicate internally with originations, credit, legal, and asset management teams.
Lead externally with clients and partners to keep the deal team on track for key milestones and closing.
Support relationships with developers and third‑party capital providers.
Go 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.
Educational Requirements
University (Degree) Preferred
Work Experience
3+ Years Required; 5+ Years Preferred
Physical Requirements
Physical Requirements: Sedentary Work
Required Qualifications
Minimum of 3+ years of Commercial Real Estate (CRE) underwriting experience
Preferred Qualifications
5+ years of Commercial Real Estate (CRE) experience
1+ year of CRE construction and/or development underwriting
Demonstrated interest in sustainability and/or clean energy deployment
Related Skills: Accountability, Adaptability, Clean Energy Acumen, Collaboration, Commercial Mindset, Consultative Communication, Continuous Improvement Mindset, Executive Presence, Prioritizes Effectively, Stakeholder Engagement
Base Pay Range: $106,000/yr - $148,000/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).
Equal Opportunity We are an Equal Opportunity Employer. TIAA does not discriminate against any candidate or employee on the basis of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.
Our full EEO & Non‑Discrimination statement is on our careers home page (https://careers.tiaa.org/), and you can read more about your rights and view government notices here (https://www.dol.gov/general/topics/posters).
#J-18808-Ljbffr