Construction Support Team Leader

Overview

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.

At Provident Bank, we are committed to enhancing our customer and employees’ experience.

POSITION SUMMARY:

Accountable for the supervision of Construction Loan Administration for the Commercial Lending Division of the Bank and Residential Lending (all construction loans regardless of amount). In addition, the Construction Support Team Leader will be responsible for managing a team of Construction Loan Administrators and ensuring all Bank policies and compliance requirements are adhered to by the Team. Ensures all funding processes, procedures and policies are adhered to by the Team.

The Construction Loan Support Team Leader will provide timely and accurate information for both internal and external stakeholders related to construction loans managed by the department and assist relationship managers with any projects related to them. Knowledge/work experience of construction loans in the NJ, NY, PA, CT and Florida markets.

KEY RESPONSIBILITIES:

• Build and develop strong, productive relationships with all key internal and external stakeholders to ensure efficiency and consistency in procedures and proper compliance in the administration of the Bank’s construction loans.
• Create, maintain, and implement construction management procedures for both the Construction Team as well as the Commercial Lending Division.
• Coordinate construction administration training for Commercial Lending, including ongoing training for existing employees as well as training for new employees.
• Responsible for the supervision of CLA’s – Construction and monitor and assign workflow to team members. Ensure they are responding to borrower request in a timely and professional manner.
• Provide advisory support to Relationship Managers, Portfolio Managers, bank counsel and Bank closing department with review of legal documentation, budgets, and GC contracts to ensure it is in compliance with construction funding procedures prior to loan closing.
• Engage engineers to prepare Plan and Cost Reviews and provide to Relationship Managers.
• Manages the direct administration of construction loans and coordinates and act as a liaison with Relationship Managers, customers, engineering firms, attorneys, loan administration, the Bank’s Senior management, and other professionals.
• Oversee the accuracy of funding to ensure we are in compliance with loan documentation.

Other Responsibilities:

• Interacts with internal and external partners to communicate and discuss construction procedures and any issues/deficiencies.
• Monitor receipt of inspections and inspection reports by team.
• Monitor interest reserve trackers for adequacy to support loan payments.
• Attend customer meetings and site inspections with Relationship Managers and bank engineers to ensure property is being completed on time and within budget and in accordance with plans.
• Review and approve monthly construction reports prepared by CLA-Construction III and distributed to upper manager.
• Manage and Monitor maturities, liens, insurance.
• Prepare employee reviews.
• Complete special projects as requested.
• Carries out supervisory responsibilities in accordance with the organization's policies. This includes interviewing, hiring, training, and managing employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees and addressing and resolving employee complaints and concerns.

MINIMUM QUALIFICATIONS
:

• High School degree or GED. Work experience equivalent to meet job requirements.
• Seven (7) to ten (10) years’ work experience in all facets of Commercial Construction Administration and/or management within the financial industry, with a strong concentration in Commercial Banking.
• Previous Management Experience.
• Experience in the NJ, NY, PA, CT…