Credit Products Construction Loan Monitoring Analyst

Job Description

At Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank’s footprint.

• Reviews construction contracts and other construction‑related documents to ensure compliance with policy and identify any relevant or outstanding issues
• Reviews construction loan requirements in underwriter's approval with the field to ensure compliance with policy
• Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects
• Works in conjunction with the Credit Products and Loan Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to the loan closing
• Evaluates and approves draw requests, ensuring that all required documentation is submitted and acceptable, per Regions' construction loan policy and Real Estate Banking Advisor guidelines
• Assists with questions and works with senior analysts regarding issues that arise in the field during construction; facilitating with the Relationship Team and Credit Products until resolved
• Creates and maintains sources and uses worksheet reflecting a balanced budget throughout the construction project; including hard and cost soft costs, budget reallocations, and change orders
• Reconciles contractor draw requests in conjunction with available loan funds
• Partners with other lenders, in agent, and not agent projects
• Assigns and manages approved third party construction consulting inspection firms
• Maintains relationships with third party partners, such as title contacts and inspectors, throughout project; completes scorecards as needed post project completion
• Secures all required final construction completion documents at project completion, and verifies that there are no outstanding issues
• Assists with training and mentoring new construction loan monitoring analysts
• Partners with one (1) or more of the following segments:
  Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management

• Bachelor’s degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience
• High School Diploma or GED and seven (7) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience

• Advanced knowledge of Microsoft Excel
• Demonstrates strong interpersonal, verbal, and written communication skills
• Excellent time management
• Highly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints
• Strong analytical and problem solving skills

Pay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors which directly impact pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

• Minimum: $65,805.30 USD
• Median: $78,760.00 USD

This job is not incentive eligible.

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Riverchase Complex North Building

Hoover, Alabama

Equal Opportunity Employer/including Disabled/Veterans