Manager, Construction Loan Admin - Morristown, NJ

Overview

Manager, Construction Loan Admin — #26-160
• Multiple Locations

Location(s): Multiple locations as listed above.

• Responsible for the Administration of all Commercial Construction Loans and the processing of all construction loan advances as well as the upkeep of contract and file information.
• Monitor commercial construction projects from inception to completion.
• Analyze construction cost estimates.
• Review construction loan commitment letters and construction agreements assuring compliance with approved construction credit conditions.
• Oversee the review construction inspection reports prepared by outside vendors for single family residential, site improvement work and vertical commercial construction projects to ensure compliance with loan documentation as well as bank regulations.
• Validate that all municipal approvals and construction requirements have been met.
• Manage construction loan advance function insuring conformance with loan documentation.
• Attend bank meetings relating to commercial loans and follow up on any outstanding issues.
• Comprehensive oversight of all construction loans in the commercial bank.
• Management of two construction loan administration sites and all employees including hiring, coaching/development, performance reviews and disciplinary action.
• Manage vendor relationships with inspection firms, build and maintain relationships with outside counsel and title companies.
• Manage the department's service levels (to line, loan operations, appraisal, and risk functions) and ongoing relationships within the bank.
• Continually look for ways to improve process to make them more efficient and effective.

• Experience in construction lending.
• Strong experience in process-oriented areas of organizations, ideally banking (commercial loan operations).
• Ability to manage large teams both on-site and remotely.
• Ability to communicate effectively with business partners as a control function, balancing the need to accommodate customer (internal and external) needs, with process discipline and a risk management mindset.
• Strong understanding of the construction lien laws of New Jersey, New York, Florida and Alabama (primary markets), and awareness of laws in other geographies in which Valley does business.
• Strong analytical skills.
• Ability to handle multiple projects simultaneously.
• Proficient in Microsoft Office, specifically Word and Excel.
• Strong communication skills both written and oral.
• Valid Driver's License.

• High school diploma or GED and minimum of 10 years work experience, preferably in the operations area of a financial institution.
• Commercial real estate loan experience, and especially construction loan administration experience a huge plus.
• Bachelor's degree preferred.

Full-time

Exempt

• One Penn Plaza Suite 4625, New York, NY 10119, United States
• 1125 E Bay Dr, Largo, FL 33770, United States
• 119 E Whiting St, Tampa, FL 33602, United States
• 70 Speedwell Ave, Morristown, NJ 07960, United States

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range — $85,200.00 - $ / year

Pay Transparency:
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.