Director of Construction and Capital Projects

Job Description

Job Description

Company Overview
Clear Investment Group is a boutique real estate investment firm based in Chicago specializing in the rehabilitation and stabilization of distressed multi-family assets. Operating across the Midwest, South, and Northeast, we acquire and improve underperforming properties to generate value for investors and revitalize communities.
Our Core Values:

1. Get it Done
2. Ride the Wave
3. Add Value
4. Exhibit Passion

Position Title: Director of Construction & Capital Projects
Department: Construction & Capital Projects
Reports to: Director of Asset Management
Location: Chicago Loop (office-based); Travel as needed (~40–60%) Compensation & Benefits

• Competitive base salary ($175K- $215K DOE)
• Annual performance-based bonus
• 401(k) plan with employer match
• Comprehensive health and dental insurance
• Paid time off and holidays

Position Overview
The Director of Construction & Capital Projects will lead and oversee all renovation, redevelopment, and capital improvement initiatives across Clear Investment Group’s growing portfolio of distressed multifamily properties. This role will directly manage a team of Construction Project Managers and Project Management Associates, providing leadership, direction, and mentorship to ensure consistent execution, quality, and results across all projects.
This is a high-impact leadership position that combines strategic oversight with hands-on project management expertise. The ideal candidate is a proactive leader who thrives in a dynamic, entrepreneurial environment and is committed to delivering operational excellence that drives both asset value and community transformation. Key Responsibilities
Strategic Leadership & Oversight

• Lead all construction and capital project initiatives from due diligence through stabilization, ensuring alignment with asset management and investment strategies.
• Provide vision and direction for the Construction & Capital Projects department, setting clear objectives and KPIs for project delivery.
• Manage and mentor a team of Construction Project Managers and Project Management Associates, fostering a high-performance culture centered on accountability, collaboration, and continuous improvement.
• Establish and refine company-wide standards for construction execution, quality control, and cost efficiency.
• Collaborate with executive leadership on strategic planning, pipeline evaluation, and portfolio forecasting.

Budgeting & Financial Management

• Develop and manage annual CapEx budgets across the portfolio; ensure accurate forecasting, cost tracking, and reporting.
• Oversee value-engineering efforts to maximize ROI and control construction costs without sacrificing quality or performance.
• Partner with Finance and Asset Management to track project performance and identify cost-saving opportunities.

Team & Vendor Management

• Lead a high-performing construction team with multiple direct reports, including project managers and associates.
• Conduct regular one-on-one and team meetings to align priorities, provide feedback, and support professional development.
• Build and maintain strong relationships with contractors, architects, engineers, and consultants to ensure consistent delivery across markets.
• Negotiate and manage contracts to safeguard timelines, budgets, and quality standards.

Project Execution & Risk Management

• Oversee the planning, scheduling, and delivery of multiple renovation and CapEx projects simultaneously across diverse markets.
• Identify project risks and proactively implement mitigation strategies.
• Ensure compliance with all relevant building codes, zoning laws, and safety regulations (including OSHA).

Cross-Functional Collaboration

• Partner closely with acquisitions, property management, and asset management teams to ensure construction strategies align with investment goals.
• Provide construction expertise during acquisition due diligence to evaluate scope, risk, and cost.
• Serve as a key liaison between field operations and executive leadership.

Quality Assurance & Reporting

• Implement consistent standards for quality, efficiency, and craftsmanship across all projects.
• Provide regular updates and performance reports to executive leadership and investors.
• Continuously improve processes through data-driven insights and post-project evaluations.

Qualifications

• Bachelor’s degree in Construction Management, Engineering, Architecture, or related field (required).
• 12 + years of experience in construction or capital project management, with at least 3 years in a leadership or director-level role.
• Proven success managing multiple direct reports, including project managers and project management support staff.
• Strong track record overseeing large-scale multifamily renovation or value-add projects.
• Deep understanding of construction methods, project budgeting, scheduling, and contract negotiation.
• Strong financial acumen with the ability to evaluate ROI and manage capital budgets.
• Excellent leadership, communication, and problem-solving skills.
• Proficiency with project management and ERP systems (e.g., Smartsheet, Yardi) and Microsoft Office Suite.
• Ability to travel regularly to project sites (approx. 40–60%).

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