About the position
Responsibilities
• Oversees the construction draw process phase for an assigned portfolio of loans of various size, type and complexity.
• Forms a full understanding of project scope, requests, and any special needs for all closed loans through collaboration with portfolio managers, commercial banking associates, borrowers, and other stakeholders.
• Reviews the risk associated with construction loans to provide guidance to associates involved in the process.
• Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations.
• Reviews Loan Agreement requirements for adherence during construction draw process to include benchmarks, covenants and limit thresholds.
• Reviews third party construction consultant reports and title endorsements to ensure accuracy and completeness.
• Communicates deficiencies to the appropriate parties.
• Collaborates with portfolio managers on obtaining construction close-out documents as outlined in the Loan Agreement.
• Maintains construction draw folders to ensure accuracy and completeness as set forth in the Bank's Professional Developer Construction Credit Standards.
• Assists management with additional tasks related to the construction loan process, including involvement in complex transactions.
• Monitors and reports on daily activities to aid leadership awareness of results.
• Facilitates an efficient and effective workflow through process and policy recommendations.
• Provides expert direction to activities and less experienced associates.
• Works closely with Deal Team and Closing Team during Pre-Close phase to obtain and reconcile all pre-paid Equity.
• Onboards newly closed construction projects into Built software for monitoring.
• Maintains project and budget within Built software through construction phase to ensure balancing and reconciliation of all project costs and funding sources.
• Ensures validity of financial information in Built against loan system of record.
• Monitors all funding requests and ensures funding is approved within Bank guidelines and policy.
Requirements
• Bachelor's Degree and 0 years of experience in Loan documentation prep, review and/or loan processing or basic financial reporting.
• High School Diploma or GED and 1 years of experience in Loan documentation prep, review and/or loan processing.
• Basic financial reporting.
Nice-to-haves
• Bachelor's Degree in Business.
• Financial Services Construction Loan experience.
• Experience with budgets of various complexity and general accounting background.
• Ability to work in a fast-paced environment and manage tight SLA deadlines.
• Successful in building relationships with borrowers, third party vendors, team members and internal partners.
• Intermediate Excel experience.
• Strong customer service skills.
Benefits
• Competitive, thoughtfully designed and quality benefits program.
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