Construction Loan Manager

About the role

The Construction Loan Manager is responsible for overseeing the bank's construction and development loan portfolio, ensuring sound underwriting, effective risk management, and strong borrower relationships. This role manages all aspects of construction lending, including loan structuring, underwriting oversight, project monitoring, and compliance with regulatory and internal credit standards.

Responsibilities

• Manage and oversee construction and development loan portfolio.
• Supervise construction draws, inspections, and disbursements.
• Provide guidance to the credit analysts on construction loan requests; oversee underwriting including feasibility, budgets, and borrower strength.
• Meet with lending staff and borrower to set upfront expectations as to the structure of the request, the construction underwriting requirements, post approval closing requirements, and ongoing draw process.
• Monitor loan performance and identify emerging risks.
• Ensure regulatory compliance and adherence to internal policies.
• Assist in other Credit Administration tasks as needed.

Qualifications

• Five to eight years of similar or related experience.
• Bachelor's degree, or formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g. information technology certifications in lieu of a degree).
• Experience in underwriting and portfolio management.
• Strong knowledge of construction lending practices.
• Understanding of regulatory and credit risk standards.
• Experience working directly with borrowers throughout the construction loan process.
• Excellent communication and leadership skills.

Work environment

This job operates in a professional office environment. This role routinely uses standard office equipment such as calculators, computers, phones, photocopier, filing cabinets and fax machines. The person in this position needs to frequently move about inside the office to interact with associates or customers and access office machinery and file cabinets. The person constantly operates a computer and other office productivity machinery, such as a calculator, photocopier, and printer. The position could require occasional travel for construction management.