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MUFG Union Bank Remote - Cost Estimator & Inspector, Vice President in Sacramento, California

Remote - Cost Estimator & Inspector, Vice President - 10046290-WD


Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2018). In the Americas, we’re 14,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed, and agility. We’re a team that accepts responsibility for the future by asking tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Some MUFG roles require that individuals be fully vaccinated against COVID-19, subject to medical and/or religious exemptions, if applicable. Should you be selected for an interview, your recruiter will provide additional information

Job Summary:

Assist with the administration function of a regional Construction Technical Services (CTS) office. In addition, this position will independently prepare cost reviews and construction inspection reports for proposed and existing real estate properties of increasing complexity, e.g., site development, multi-family residential, affordable housing, multi-building/multi-tenant industrial and commercial, and special purpose properties. Additionally, reviews reports prepared by consultants, peers, and subordinates.

Major Responsibilities:

Responsible for the Construction Technical Services Regional Office's performance of cost reviews and construction inspection services for use by the Bank in support of real estate-related lending transactions.

Responsible for the delivery of all the CTS due diligence services in a cost-effective and timely manner. Engages regional consultants to perform construction inspection services as needed. Reviews all reports prepared by the regional consultants. Reviews submitted packages for completeness of information, e.g., plans, specifications, engineering reports, cost breakdowns. Reviews field inspection files for completeness, e.g., construction loan agreements, control sheets, appraisal, cost breakdown, plans.

Reviews construction plans, specifications, and related studies and reports: To compile specific quantity take-off amounts; to identify construction types and materials; and to ascertain the adequacy of design, function, and feasibility.

Reviews reports prepared by consultants – e.g., Structural Assessment, Property Condition, Cost Reviews, & Progress Payment Inspections - for adherence to Construction Technical Services scope of work and acceptability, and analyze Report findings as to their project impact.

Maintains effective and open channels of communication with various regional level Bank units that require construction technical services. To include attendance at pre-appraisal and pre-construction meetings with appraisers, account officers, architects, engineers, contractors, etc. to establish a clear understanding of the proposed project, construction costs, scheduling, and methods of payment.

Prepares cost reviews and comparative cost analyses for construction.

Performs certification of progress payment/site observation inspections for construction loans to ensure the completed improvements are in accordance with the original intent of the Construction Loan Agreement and plans reviewed by Construction Technical Services to the work in place.

Review peer and junior level staffs cost reviews and inspection reports, as necessary.

Reviews local agency requirements as to development fees and calculates fees for use in preparing cost reviews.

Assists in the collection and maintenance of the necessary data to the Section’s cost database as well as the MIS concerning services relating to the office.

Maintains current industry knowledge of construction costs, trends, techniques, and property development types to ensure that projects financed by the Bank are in conformance with current industry standards.

Trains junior-level staff.



This position requires knowledge and understanding of the following:

  • Principles of cost estimation and construction inspection.

  • Basic geometry and algebra.

  • Construction methods and techniques.

  • The relationship between the cost estimation and construction inspection processes and the appraisal and lending functions.

  • Computer literacy in spreadsheet applications and word-processing.

This position requires demonstrated experience in the following:

  • Minimum of 7 years experience in the construction industry, with major emphasis in the areas of estimating, budget analysis, and project monitoring.

  • Minimum of 3-5 years in the real estate due diligence industry.

  • Management/supervisory experience a bonus.

Other requirements include:

  • Technical reading (to include construction plans and specifications)

  • Excellent communication (oral and written) skills are required, as is analytical ability.

  • Demonstrated effective planning and organization skills are required.

  • Ability to coordinate and prioritize workload variables is essential.

  • Ability to work with others is necessary.

  • Ability to travel to construction job sites, other Bank offices and consultants' offices. Out-of-state travel is occasionally required.

  • BS Degree Engineering | Architecture | Construction Management – desired but not required.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity/Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.

A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Job : Corporate and General Services

Primary Location : CALIFORNIA-Sacramento

Other Locations : CALIFORNIA-Brea

Job Posting : Aug 27, 2021, 5:14:12 PM

Shift: : Day

Schedule: : Full Time

Req ID: 10046290-WD