Pennybacker Capital continuously seeks outstanding, driven, real estate investment professionals

Vice president of construction management

Pennybacker Capital is seeking a Vice President of Construction Management to join its dynamic, entrepreneurial team located in Austin, Texas. Pennybacker Capital is a rapidly growing real estate private equity firm that invests in multifamily, office, retail, and senior living assets in select growth markets of the United States. Pennybacker’s stellar reputation of performance and integrity has produced a stable investor base with major institutional investors and family offices. We are looking for a highly motivated, qualified professional with a proven track record of achievement and teamwork to join our team. The ideal candidate will share Pennybacker’s philosophy of integrity, transparency and honesty.

Essential Functions

  • Works with Investment Team to support due diligence efforts for new investment opportunities in the continental US. Provide input on project cost and schedule for value-add opportunities and lead feasibility efforts for potential development opportunities including zoning, design and pre-construction.

  • Works with Portfolio Optimization team to lead all construction activities for principal investment opportunities. This includes managing the bid processes, contractor selection, general contractor management as well as project management of all Pennybacker construction activities.

  • Responsibilities include:

    • Initiate and manage the procurement of design, construction and consultants services;

    • Manage the team in planning and analysis of conceptual design and preconstruction activities;

    • Oversee and review the development of architectural and engineering construction drawings and bid documents;

    • Draft, review, communicate and enforce contractual documents for design and construction professionals;

    • Serve as liaison between Pennybacker and design and construction professionals;

    • Meet with city officials, contractors, architects, engineers and consultants to present the project status and anticipate issues;

    • Coordinate permitting process with city officials and design and construction teams;

    • Anticipate potential changes to budget or schedule and provide guidance on the review and analysis of changes when presented;

    • Develop and monitor project budget and schedule, including updating and maintaining web-based project controls;

    • Review contractor and vendor onsite activities to verify they are in contractual compliance with design specifications, schedules and workmanship standards;

    • Authorize the issuance of contracts, purchase orders and approve and process scheduled progress draw packages for payment;

    • Manage the project close out process to successful completion;

    • Observe and report on construction process and construction related issues;

    • Prepare documentation for analysis and review of specific issues;

    • Establish, direct and/or document project meetings

  • Develop and implement best-practice construction processes with ability to lead and grow the construction team as Pennybacker grows and enters new markets and product types

  • 40% of the job requires travel


  • Undergraduate degree in a relevant field

  • 5 or more years of relevant work experience in development, construction and/or project management

  • Aptitude and willingness to use new technologies that add efficiencies to the construction process

  • Highly organized and detail oriented with the ability to multi-task and balance competing priorities

  • A demonstrated knowledge and understanding of project controls, project management, construction documentation and sequencing

  • A working knowledge of alternate materials/methods; construction costs, value-engineering techniques and Building/Occupancy laws and lease requirements

  • The ability to demonstrate skills in managing successful projects; meeting project expectations and timelines; procuring and engaging design, construction and consultant services

  • The ability to maintain professionalism in the face of deadlines; exhibit good listening, negotiation and problem-solving skills; and to handle confidential information with discretion and trustworthiness

  • A demonstration of strong verbal and written communication skills

  • A motivated self-starter with a high level of personal integrity and business ethics who thrives in a team environment

  • Team player who is comfortable being in a support role and comfortable accepting and providing constructive feedback

  • A demonstrated ability to interact with, and develop, long-term relationships with business partners

  • Excellent time management, communication, organization and personal effectiveness skills, as well as good computer skills, including proficiency with Microsoft Office (including Word, Excel, Project) and web-based project management tools