Commercial Construction Administrator

Assists Commercial Construction Manager in overseeing commercial construction lending processes; conducts business development activities to achieve commercial construction loan portfolio gain and profit objectives.

Responsibilities

• Assists in managing the administration of all commercial construction loan requests and files, which includes:
  • Reviewing and analyzing the feasibility of commercial construction loan requests, cost to build, debt ratios, cash to close, construction timelines, project/contractor reviews, and third-party reports
  • Overseeing processes for loan documentation, funding and disbursement of construction funds
  • Performing property inspections during course of construction
  • Ensuring the safety and soundness of the commercial construction division and the Credit Union
• Maintains a strong knowledge of commercial underwriting practices including loan analysis, credit history, industry knowledge, risk mitigation, financial and cash flow analysis, and internal policies and procedures
• Monitors the commercial construction loan portfolio and informs management, including MACU Loan Committee, of issues that arise during the construction process that could negatively impact the ability to secure long-term financing
• Partners with commercial loan officers in presenting complex commercial construction loan and modification requests in Loan Committee for decision; ensures all pertinent information is presented to Loan Committee so an informed decision can be made
• Works and communicates directly with contractors, builders, inspectors, title companies and borrowers to ensure timely project completion and facilitation of long-term financing
• Assists in leading the commercial construction team; has sufficient knowledge and is cross-trained sufficiently to handle all duties in the absence of the construction manager
• Trains SBA and commercial loan officers, processors, and underwriters with respect to required documentation of construction loan files
• Builds in-depth knowledge of each construction loan relationship understanding strengths and weaknesses of borrower and overall risk to the Credit Union
• Ensures compliance with regulatory standards and requirements
• Assesses environmental risks
• Reviews and understands geo-technical reports
• Reviews professional commercial real estate appraisals and understands the three valuation methods used
• Working knowledge of the State Construction Registry and its equivalent in the footprint within which the Credit Union operates
• Working knowledge of title insurance, endorsements, and settlement statements
• Offers the member outstanding service, ease of access, and competitive products
• Ensures procedure manuals are kept updated as changes occur

Requirements

• Four years commercial lending or related commercial experience in a progressive financial setting, working in a lending setting preferred
• Bachelor’s degree from an accredited institution in business, marketing, finance, economics or related field OR an additional 2 years combined progressive experience in a business/commercial lending setting
• Experience with construction lending preferred
• Advanced skills with Microsoft Office Suite including Outlook, Word, and Excel
• Experience with financial reporting or tax analysis software preferred
• Experience with loan origination systems preferred
• Experience with loan documentation software preferred
• Must have the ability to read and interpret documents such as safety rules, operating maintenance instruction, and procedure manuals
• Ability to write routine reports and correspondence
• Ability to speak effectively before groups of employees, members, or clients
• Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations
• Demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization
• Strong writing and grammatical skills relating to preparing credit memos, addendums, memorandums, and all forms of written communication
• Ability to adeptly gauge the merits of a commercial construction loan request, the ideal structure and whether there are enough strengths to mitigate expected weaknesses to a degree satisfactory to MACU
• Ability to work both autonomously and collaboratively in a fast-paced environment
• Willingness to be accountable and take ownership of assigned roles and responsibilities
• High level of coordination, organization, planning, and prioritization of work, and management of one’s own time in a fast-paced environment
• Adaptive to change, responds positively to altered circumstances or conditions
• Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
• Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies
• Knowledge of rules, requirements and regulations from governing bodies (NCUA, CFPB, et al), specifically with respect to commercial construction
• Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.)

Physical Abilities / Working Conditions

• Ability to sit, talk and hear consistently
• Ability to stand, walk, and use hands to handle or reach occasionally
• Close vision (clear vision at 20 inches or less)
• Distance vision (clear vision at 20 feet or more)
• Ability to lift up to 10 pounds occasionally
• Moderate noise environment (business office with computers and printers, light traffic)

Has no supervisory/managerial responsibilities.