Managing Director, Transaction Management

Job Description

ABOUT CLEARWATER

Clearwater PACE, LLC (“Clearwater”) is a New York–based, institutionally backed direct lender providing C-PACE financing nationwide across all commercial real estate asset types. Our capital supports ground-up development, value-add repositioning, adaptive reuse, and recapitalizations of recently completed projects.

Led by seasoned real estate credit and structured finance professionals, Clearwater structures customized, credit-driven financing aligned with sponsor objectives, supported by fully assumable loan features and flexible prepayment terms. When paired with more expensive senior or bridge debt, C-PACE provides a cost-effective source of capital that lowers WACC and strengthens the overall capital stack.

We seek to hire the best and the brightest. Our team operates with autonomy, accountability, and a solutions-oriented mindset, contributing directly to the growth of a high-performance platform at the center of energy transition and structured-credit innovation.

SUMMARY

Clearwater PACE is seeking a Managing Director of Transaction Management to lead all underwriting, diligence, and closing functions. This individual will own the full transaction lifecycle, ensuring every opportunity sourced by the Originations team is evaluated, structured, and executed with institutional precision.

The ideal candidate brings deep experience in commercial real estate credit and C-PACE financing, with a proven ability to manage teams, drive process discipline, and deliver high-quality execution across underwriting and closing.

Success in this role requires strong leadership and organizational skills, the ability to operate independently in a fast-paced environment, and the judgment to balance strategic priorities with executional rigor. The Managing Director should be comfortable navigating complex underwriting challenges, structuring sophisticated financing solutions, and collaborating closely with borrowers, lenders, developers, and capital partners.

KEY RESPONSIBILITIES

Credit & Structuring

• Lead Clearwater’s underwriting and credit analysis functions from initial sizing through term sheet execution, ensuring each transaction aligns with credit standards, investor mandates, and return parameters
• Refine and institutionalize underwriting frameworks, financial models, and approval protocols to support scalable, repeatable execution across multiple asset classes and markets
• Oversee preparation of detailed cash flow models, capitalization analyses, and sensitivity scenarios to guide investment decisions and credit committee recommendations
• Maintain an active dialogue with Originations and Credit to evaluate deal feasibility, structure optimization, and risk mitigation strategies in real time
• Represent Transaction Management in Investment Committee discussions, providing data-driven recommendations and market intelligence to support credit decisions

Transaction Management

Operations

Executive Leadership

QUALIFICATIONS & EXPERIENCE

COMPENSATION & BENEFITS

Clearwater offers a highly competitive compensation package that includes a base salary and an annual performance bonus. Compensation is commensurate with experience and aligned with market benchmarks for this role.

The firm offers a comprehensive benefits suite, including health, dental, and vision coverage, as well as a 401(k) retirement plan. This role follows a hybrid schedule with flexibility based on responsibilities and business needs.

EQUAL OPPORTUNITY EMPLOYER

Clearwater is committed to a diverse, inclusive, and equitable workplace grounded in integrity, collaboration, and respect. We welcome applicants from all backgrounds and are proud to be an equal opportunity employer. Only candidates selected for further consideration will be contacted.