Commercial Construction Portfolio Specialist

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Ware, MA, US

Salary Range: $75,000.00 To $93,000.00 Annually

Being a part of the Award-Winning Country Bank team has a lot of perks! Our competitive total compensation package and comprehensive benefit package include:

• Medical, dental and vision insurance, a 401(k) Plan with a generous employer contribution plus match;
• Educational assistance and tuition reimbursement benefits;
• Hybrid work and flexible scheduling options;
• Generous total paid time off, and more!

For more information on the Country Bank employee experience, visit our Join Our Team page to learn more!

We're excited to announce an opportunity for the position of Commercial Construction Portfolio Specialist! Under the guidance of the Vice President, Commercial Lending & Construction Management Team Lead, the Commercial Construction Portfolio Specialist performs a variety of duties to ensure the proper servicing of commercial construction loans. Additionally, this hybrid role will provide assistance to the commercial lending team.

The hiring range for this position is $75,000 to $93,000.Starting pay determined based on candidate’s qualifications and experience.

This position is Full Time, 40 hours weekly.

• Assists with management of the construction loan portfolio, including:
• Creates disbursement schedules using the appropriate tool (Construct / Excel)
• Reviews documents such as invoices, AIA documentation, pictures, and other supporting documentation, as applicable
• Completes site visits and/or scheduling and reviewing inspections, as applicable
• Orders and reviews date down endorsements and/or title searches, as applicable
• Completes the appropriate FDICIA documentation for circulation and approval as outlined in policy
• Maintains communication with the borrower, Team Lead and Lender as needed
  • To review disbursement schedule to ensure all parties understand the process and to make any required adjustments.
  • To work with all parties to address and resolve any issues found during advance review.
• Assists with ongoing maintenance requirements and monthly reporting review of construction loans.
• Ensures invoices for inspections and date down endorsements are submitted for payment and funds are collected from the borrower.
• Reviews the end of advance period for loans and notifies loan officer of any loan that may need a modification.
• Monitors loans for class code changes as appropriate and in accordance with FFIEC guidance.
• Ensures the Certificate of Occupancy is obtained and filed.
• Reviews the digital Construction folders
• Assists with the quarterly board reporting.
• In collaboration with the designated Commercial Loan Officer(s), assists with the following tasks:
• Reviews the outstanding financial report and completes outreach to the borrower and/or their accountant to gather required financial information and initiates the financial review process.
• Reviews the various property inspection reports to determine which properties are due for an inspection. Works with Lender to determine who is most appropriate to visit the property and then completes the required internal documentation.
• Initiates funds transfers as directed by the Loan Officer.
• Assists with miscellaneous tasks such as appraisal ordering and file comments.
• In an effort to continually foster growth, with assigned lenders:
• Sits in on client calls and /or attend client visits as requested
• Assists with the collection of required documentation for a prospective transaction
• Discusses the pending transaction with the Lender to gain a deeper understanding of how and why a loan is…