Capital Project Manager

Location: Chicago & Naperville, IL

Salary: $130,000 - $150,000 annually, commensurate with experience

Bonus: Eligible for annual performance-based bonus

Travel: Significant multi-state travel required

Benefits: Health, dental, vision, 401(k) with company match, PTO, short- and long-term disability, life insurance, paid parental leave, rent discounts, and more.

Qualifications Required

• High school diploma or GED.
• Minimum of five (5) years of construction or capital project management experience.
• Demonstrated experience writing scopes of work, managing competitive bid processes, administering contracts, and overseeing contractor performance.
• Strong knowledge of multifamily building systems including roofing, HVAC, plumbing, electrical, building envelope, and common area renovations.
• Ability to diagnose root causes of building system failures and develop cost-effective solutions.
• Strong budget management and cost-control experience.
• Excellent organizational, communication, and project management skills.
• Valid driver's license and reliable personal vehicle.

Preferred

• Degree or coursework in Construction Management, Engineering, Architecture, Facilities Management, or a related field.
• Owner-side capital project management experience within occupied multifamily housing communities.
• Experience supporting affordable housing, HUD-regulated properties, or NSPIRE compliance initiatives.
• Familiarity with property management software and project management platforms.

Travel & Work Requirements

This position requires significant travel throughout Banner’s multi-state portfolio. Quarterly site visits to all assigned properties are required, with additional travel based on project activity and operational needs. Candidates must reside within 60 minutes of a major Chicago-area airport. Non-travel workdays will be split between Banner's Chicago and Naperville offices. Occasional after-hours availability may be required to address urgent capital project needs or emergency building system failures.

Key Responsibilities

Capital Project Management

• Conduct site visits to assess property conditions, diagnose building system issues, and determine appropriate repair or replacement solutions.
• Develop scopes of work, bid packages, and project specifications for capital improvement projects.
• Solicit, evaluate, and negotiate contractor proposals based on scope, qualifications, pricing, and schedule.
• Award contracts and oversee project execution from mobilization through closeout.
• Manage multiple active projects across a multi-state portfolio while maintaining budget and schedule discipline.
• Review contractor invoices and change orders, ensuring costs remain aligned with project scope and market pricing.
• Serve as the primary capital project resource for regional managers, property teams, and operations leadership.
• Prioritize project requests based on life-safety concerns, asset preservation, and operational impact.

Financial & Operational Oversight

• Own project budgets from award through closeout and proactively identify cost risks before they become overruns.
• Monitor capital spending and provide variance analysis on active and completed projects.
• Collaborate with leadership to develop annual capital plans and budget forecasts.
• Identify opportunities to reduce capital expenditures through improved scoping, competitive bidding, and root-cause solutions.
• Ensure capital investments support long-term asset performance and investor objectives.

Project Administration & Reporting

• Maintain complete project files including contracts, bids, permits, inspections, change orders, and closeout documentation.
• Prepare regular project status updates for construction and operations leadership.
• Maintain portfolio-wide capital project dashboards and reporting.
• Coordinate project schedules with property teams to minimize resident and operational disruption.
• Document lessons learned to improve future project planning and execution.

Compliance & Safety

• Ensure projects comply with applicable building codes, safety regulations, and company standards.
• Verify contractor licensing, insurance coverage, and safety compliance.
• Maintain required permits, inspection records, certifications, and project documentation.
• Support emergency capital needs and coordinate rapid contractor response when critical building system failures occur.
• Assist with NSPIRE inspection readiness and compliance requirements, including HUD-regulated communities where applicable.

Pre-Employment Requirements

Final candidates will be required to pass a background check and provide professional references. If you are an experienced construction professional who thrives on solving complex property challenges, managing large-scale capital projects, and driving results across a diverse real estate portfolio, we encourage you to apply. Banner Property Management is an Equal Opportunity Employer.