Environmental Risk Management Specialist

5 days ago

Chicago, Illinois, United States First Industrial Full time
Job Overview

We are seeking a highly skilled Environmental Risk Management Specialist to join our team at First Industrial Realty Trust, Inc.

Estimated Annual Salary: $85,000 - $110,000

Key Responsibilities

As an Environmental Risk Management Specialist, you will be responsible for assisting in the performance and tracking of environmental due diligence for property transactions, including acquisitions and dispositions. You will also monitor the performance of consultants in completing assignments on time and on budget.

You will prepare Environmental Due Diligence recaps for approval by the Vice President of Environmental and/or Environmental Risk Managers/Senior Analysts. Additionally, you will assist in managing and tracking environmental issues in the portfolio, perform research and analysis on environmental regulations and environmental history of properties, and maintain databases of environmental and administrative-related projects and tracking tools.

  • Manage environmental issues discovered during acquisition due diligence that require post-closing follow-up by coordinating with regional personnel and consultants.
  • Assist in obtaining closure of environmental issues with regional personnel, regulatory agencies, attorneys, and consultants.
  • Implement and monitor compliance with Operations and Maintenance Plans for asbestos and lead-based paint.
  • Monitor and approve disbursements from environmental escrow accounts set up in conjunction with property acquisitions.
  • Coordinate with regional personnel to address environmental issues on portfolio assets and potential tenants.
  • Research and respond to environmental questions/issues as directed by the Environmental Team or requested by regional personnel.
  • Address potential compliance issues with tenant operations.
  • Property Sales - Proactively review environmental information for properties in the disposition pipeline and prepare Disposition Summaries. Review file documentation and report items of potential transactional impact to members of the Environmental Team.
  • Evaluate alternatives and recommend approaches to reduce or mitigate impacts/concerns from potential purchasers of properties.
  • Assist in preparing annual environmental budgets for regions and annual environmental liabilities disclosures in the Company's financial statements, and assist with maintaining and updating properties to the Company's portfolio insurance policy.
  • Review and analyze the impact of environmental components of Leases and Contracts.
  • Interact with third parties (lenders, consultants) to facilitate transactions.
  • Monitor the performance of consultants.
  • Report on Actual Costs vs. Budgeted Costs for environmental assignments.
  • Monitor, gather, process, and maintain environmental and admin-related spreadsheets, files, invoices, databases, and tracking tools.
Requirements

To succeed in this role, you should have a strong understanding of real estate, commercial leases, transactions, and the insurance provisions of same. Approximately 3-5 years of related experience and a Baccalaureate degree are preferred. You should also possess strong interpersonal and telephone communication skills, as well as strong written communication skills, including the ability to prepare accurate and appropriate documentation and review, proofread, and check documentation for accuracy.

A computer-savvy individual with the ability to multi-task and prioritize work in a fast-paced environment is ideal. This position requires internal and external contacts, including regional personnel, outside counsel, environmental consultants, government agencies, tenants, brokers, buyers, and sellers.

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