Construction Loan Supervisor

Construction Loan Supervisor

This position is responsible for oversight and management of the Bank's construction loan processing department. Primary responsibilities include processing construction loan draws. Serves as primary point of contact for borrowers, lenders, and third-party vendors to resolve construction loan-related questions and issues. May assist with department-wide projects and initiatives, as required by Bank Management.

Major and Essential

Job Responsibilities:

• Superior understanding of the construction loan management process.
• The position is the primary contact for obtaining documentation from the borrower and third-party vendors throughout the construction period of the loan.
• The position is responsible for hands-on management of the loan, including managing site inspections, and draw request analysis/processing, budget analysis/oversight.
• The position is responsible for owning or participating in a customer relationship while providing a positive customer experience and high level of expertise to help ensure all construction projects are managed smoothly.
• Utilize third-party construction loan management software to ensure draws are processed correctly, project completion percentages are accurate, and the amount advanced under the construction loan is commensurate with the percentage completion.
• The position may receive support from more experienced personnel within the team as well as the Bank overall.
• Review commitment letters and underwriting files, review closing statements, work with closing attorney, borrower, investors and participants, and coordinate post-closing follow-up for construction loans to ensure completeness of requirements before loan disbursements.
• Regularly review, analyze, and process draw requests, budget reallocations, and lot releases for commercial real estate and/or multifamily construction loans based on project completion. Coordinate funding of loan settlements and regular draw takedowns with the appropriate internal departments and external investors/participants.
• Manage disbursements and payments and collect and analyze loan documentation for a portfolio of multifamily construction loans.
• Identify critical risks or project setbacks through careful analysis of submitted documentation, such as budget allocations, title documentation, site inspections, etc. Work with contractors, sub-contractors, vendors, engineers/inspectors, attorneys, title companies, Loan Officers, Credit Administration, and borrower to acquire necessary documentation and resolve any project issues that arise.
• Communicate with the Loan Officer(s) or borrower(s) regarding any deficiencies or issues discovered during analysis of all submitted documentation to ensure completeness and accuracy of all documentation supporting the loan.
• Participate in department-wide special projects and initiatives, as needed.
• Complete other related duties as assigned.
• Maintains the highest level of confidentiality with all information obtained.
• Actively participate in training programs to maintain and acquire additional job knowledge and skills.
• Promote the bank's products and services.
• Represent the Bank in a manner that maintains and expands positive relations with all customers, prospects and Bank colleagues.
• Perform as a team member in allocating and coordinating the work flow.
• Contribute to the fulfillment of department, company objectives, and goals.
• Comply with all Bank policies, procedures and regulations.
• Meet expectations for attendance and punctuality.

Compliance

Assists in the Bank's compliance with all applicable federal and state laws and regulations.

• Develop familiarity with all applicable federal and state banking rules and regulations regarding lending.
• Adhere to all applicable Bank policies and procedures.
• Cooperate with banking Regulators and Auditors.

Interpersonal/Team Skills

Cultivate and maintain a professional image and rapport with customers, the public, co-workers, Regulators, Auditors, Bank Management and Directors.

• Positive attitude and the ability to take direction and accept constructive feedback.
• Keep appropriate parties informed of project status, problems, issues, etc.
• Negotiate and attempt to resolve conflicts around projects or work assignments; communicate problems to manager as needed.

Minimum

Job Requirements:

• Preferred Skills/Experience
  • Construction loan management experience.
  • Understanding of the construction Loan draw process.
  • Experience with bank loan and deposit systems preferred.
  • Some accounting experience is preferred. Financial institution experience may be substituted.
  • Demonstrated competency with Microsoft Office Suite.
  • Detail oriented and analytical thinker.
  • Strong organizational and problem solving skills.
  • Ability to multitask in a dynamic environment.
  • Effective verbal and written communication skills
• Ability to work independently, as well as part of a cohesive team.
• Ability to meet bonding requirements for employment purposes.