Summary:Responsible for preparing and handling the documentation necessary to service complex commercial loans during the construction phase.
Job Functions:
Administer complex multi-million-dollar commercial construction loan files by assessing loan budgets, construction schedules, inspection reports and plan & cost reviews to determine the project adheres to the established Credit Approval Memo. Prepare and update excel spreadsheets outlining construction loan budgets by line item.
Monitor monthly draws and continually review construction loan progress with assistance from the CRE relationship manager.
Review and approve lien waivers, title continuations, and the funding of monthly requisitions.
Provide active customer communication, service and execution.
Proactively respond to ongoing borrower requests.
Confirm real estate/ other tax payments and insurance coverages are up to date.
Assist in assuring a well-organized and efficient commercial construction loan department.
Handle incoming customer calls as needed, determine needs and take ownership until solution is achieved.
Maintain accurate spreadsheets of any ongoing information requiring periodic reporting and be proficient with all resource systems.
Functions as a back-up to the Construction Loan Administration Manager.
Assist in maintaining customer profiles and assure loan information is accurate and up to date.
Assist in preparing and closing loan extensions and modifications
Assist with any commercial loan related task as needed.
Review loan documentation for accuracy and ensure loan is being closed according to the Credit Approval Memo.
Review and approve all funds being disbursed at closing.
Monitor post-closing agreements and ensure documents are received by the allotted timeframe.
Position Requirements:
High School diploma or equivalent.
Minimum 5+ years’ banking experience with strong exposure to construction lending administration.
Minimum 2+ years’ experience with residential construction loan monitoring.
Possesses knowledge in construction and real estate lending.
Ability to read and interpret loan documents and to respond effectively to sensitive inquiries or complaints.
Key Qualifications:
Strong verbal and written communication skills.
Attention to detail and adherence to policies and procedures.
Maintain effective working relationships with both internal and external clients.
Strong organizational and problem-solving skills.
Strong knowledge of Microsoft products such as Excel, PowerPoint, Word, and Outlook.
Knowledgeable in financial institution operating policies and procedures and banking regulations state and federal.
Ability to make sound transactional decisions to ensure polices and directives are met.