MANAGER - CONSTRUCTION LOANS

 

 

POSITION SUMMARY

The position is responsible for managing the commercial construction loan portfolio, during the funding stage, construction underwriting and pre-closing due diligence reviews, managing insurance claim check approval and disbursing along with developing and leading the construction loan team.

ESSENTIAL FUNCTIONS

• Monitor projects under construction across the Bank footprint to ensure construction is progressing timely and on budget.
• Ensure all required documentation related to the construction component of new loans is obtained prior to loan closing.
• Analyze various construction data and inspection reports, draw requests, and report findings. Identify inadequacies or missing documentation pertaining to construction loan closings, construction loan draw requests, and retainage/final draw requests. Report these findings to internal and external clients both verbally and in writing.
• Provide guidance on structuring of construction loans and identify risk during the underwriting process.
• Evaluate and recommend approval or denial of requests for funding, report on the status of projects with respect to budget and timeliness for construction loan administration and risk management.
• Approval of wire transfer for construction loan disbursement.
• Attend offsite construction draw inspections.
• Oversee and assist team with construction draw reviews and approvals.
• Provides guidance on construction risk management practices and monitor compliance with Bank lending policies and procedures.
• Monitor compliance with the Construction Loan Policies and Procedures. Contributes to development of department policies and procedures.
• Audits staff work to ensure that day-to-day policies and procedures are followed, and productivity levels are maintained.
• Coordinates with internal and external auditors, providing information and incorporating recommended changes.
• Responsible for the management of department systems, monitors performance of systems and communicates feedback to leadership and vendors.
• Ensure adherence to regulatory requirements of the department’s activities.
• Prepares regular and customized in-depth reports and information summarizing various aspects of department activities.
• Provides people management leadership by hiring and retaining the best talent, setting goals, developing staff, managing employee performance, promoting teamwork, and managing any/all disciplinary actions.
• Oversees activities of the construction disbursing team ensuring the most efficient processes are in place. Recommend process changes as needed.
• Review, approve and disburse insurance claim checks in adherence to bank policies and procedures.
• Complete property inspections as needed.

SUPERVISORY RESPONSIBILITIES

This position supervises the Construction Loan Associate. Responsible for the hiring, performance management and development of these employees.

COMPETENCIES

• Sunrise Core Values
• Individual Contributor Competencies
• Business Acumen
• Coaching
• Compliance Management
• Conflict Management
• Employee Development
• Leadership
• Planning/Delegation
• Problem Solving
• Project Management
• Resource Management
• Relationship Management

EDUCATION & EXPERIENCE

• High school degree or GED required.
• 4 year college degree in business related field preferred.
• 2+ years construction lending and disbursing experience and/or commercial real estate lending experience required.
• Experience in the financial industry preferred.
• Superior skill set in the use of the following software applications: Microsoft Excel, Word, PowerPoint, Access, Outlook, and Teams.