Construction Loan Doc Review & Monitoring Set Up Clerk

About the role

This position is responsible for completing post-closing reviews of loan documentation for construction loans, including reviewing budget documentation to ensure accuracy and adherence to approval requirements.

Responsibilities

• Provide support and backup to the Construction Monitoring Assistant Lead and Construction Monitoring Lead
• Ensure activation of all construction loans within the Construct monitoring system, tracking total project costs and required borrower injected equity amounts
• Maintain workflow and ensure compliance with Loan Policy and procedures, as well as SOX requirements
• Review construction loan documentation for exceptions, verify project costs, equity requirements, and HVCRE status (if applicable)
• Ensure compliance with Renasant Loan Policy for proper loan documentation
• Verify that all construction loans are approved in compliance with Loan Policy requirements
• Assist with monitoring daily and monthly reports to maintain construction loans in the monitoring system
• Assist with setting up new user access for internal and external users
• Enter information for residential and commercial inspections as needed
• Ensure proper administration and adherence to Loan Policy guidelines during the life of the construction loan
• Escalate discrepancies to the Construction Monitoring Assistant Lead, Team Lead, Credit Admin Manager, or other management as needed
• Perform other related duties as assigned

Requirements

• High School diploma or equivalent
• Minimum of 5 years of banking, loan documentation, credit quality, compliance, or underwriting experience
• Knowledge of residential and commercial construction loans
• Detailed oriented with ability to learn federal and state laws and regulations related to construction loans
• Excellent verbal and written communication skills
• Proficiency in personal computer use, database management, and software
• Proficient in Microsoft Office suite (Outlook, Word, Excel)

Physical Demands

• Frequently required to stand, sit, kneel, stoop, or squat
• Use hands or fingers to handle objects, tools, or controls
• Reach with hands and arms, and talk or hear
• Occasionally required to walk and lift or move up to 25 pounds
• Specific vision abilities required: close vision, peripheral vision, depth perception, and ability to focus

Work Environment

• Professional working environment requiring effective verbal and written communication
• Strong interpersonal skills needed for collaboration with internal and external partners
• Exposure to confidential and proprietary information; confidentiality must be upheld
• Potential exposure to high-risk situations (e.g., robbery); must follow detailed instructions and procedures to safeguard employees, customers, and assets