Construction Portfolio Manager

About the role

The Construction Lending Manager plays a critical role in supporting the Bank’s commercial lending strategy by overseeing the underwriting, approval, and ongoing administration of construction loan relationships. This position is responsible for evaluating construction lending opportunities to ensure they align with the Bank’s credit philosophy, risk appetite, and safe and sound lending practices while delivering a high level of service to clients and internal partners.

Responsibilities

• Partner with Relationship Managers, borrowers, developers, and builders to evaluate construction lending opportunities and determine overall project feasibility.
• Evaluate construction project scope, including: Ground-up construction, Tenant Improvements (TI), Renovations and rehabilitation projects, Land development, Mixed-use and other commercial construction projects.
• Analyze borrower experience, project viability, repayment sources, and overall project risk.
• Prepare comprehensive credit analyses and Credit Approval Memorandums (CAMs) for loan approval.
• Receive, review, and approve detailed construction cost breakdowns.
• Maintain responsibility for the integrity of the construction budget from initial review through project completion.
• Ensure final construction budgets reconcile with executed General Contractor contracts prior to loan documentation and fund control setup.
• Review: Construction budgets, Cost breakdowns, Soft costs, Hard costs, Financing costs, Contingency reserves, Order and review independent construction cost analyses when appropriate.
• Resolve budget variances and recommend modifications as needed.
• Provide legal oversight and counsel regarding SEC reporting obligations and public company.
• Assess contractor qualifications including: Licensing, Relevant project experience, Financial strength, Reputation, Trade references, Insurance requirements.
• Perform background reviews on borrowers, guarantors, and contractors as appropriate.
• For SBA construction loans: Collect contractor financial statements, Review trade references, Complete financial analysis, Ensure SBA compliance requirements are satisfied.
• Verify borrower equity contributions and project sources of funds.
• Monitor construction loans throughout the life of the project.
• Coordinate with Fund Control to ensure timely and accurate project funding.
• Review draw requests and supporting documentation.
• Obtain and review: Invoices, Lien releases, Change orders, Inspection reports.
• Ensure reimbursement requests comply with approved project budgets.
• Perform periodic site inspections to verify construction progress.
• Maintain ongoing communication with borrowers regarding project performance and financial condition.
• Ensure all loan files remain complete, current, and compliant with Bank policy and regulatory requirements.
• Collaborate effectively with: Relationship Managers, Credit Administration, Loan Operations, Fund Control, Appraisers, Attorneys, Inspectors, Title Companies, Executive Management.
• Support loan origination staff by providing construction lending expertise throughout the underwriting and closing process.
• Provide an exceptional level of service to clients while balancing prudent risk management.
• Afford assistance to the Chief Credit Officer and executive leadership with internal reporting, portfolio analytics, policy development, and special projects as assigned.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Accounting, Real Estate, Construction Management, or a related field preferred.
• Minimum of 5 years of progressively responsible experience in commercial construction lending, commercial underwriting, commercial real estate lending, or construction portfolio management.
• Experience with construction lending at a commercial bank or financial institution strongly preferred.
• Comprehensive understanding of commercial credit analysis, construction financing, and portfolio management principles.
• Expertise in commercial lending, credit structures, and banking operations.

Skills

• Commercial construction lending, commercial underwriting, commercial real estate lending, or construction portfolio management experience.
• Comprehensive understanding of commercial credit analysis, construction financing, and portfolio management principles.
• Expertise in commercial lending, credit structures, and banking operations.
• Ability to evaluate construction lending opportunities and determine overall project feasibility.
• Ability to prepare comprehensive credit analyses and Credit Approval Memorandums (CAMs) for loan approval.
• Ability to maintain responsibility for the integrity of the construction budget from initial review through project completion.
• Ability to resolve budget variances and recommend modifications as needed.
• Ability to perform background reviews on borrowers, guarantors, and contractors as appropriate.
• Ability to collect contractor financial statements, Review trade references, Complete financial analysis, Ensure SBA compliance requirements are satisfied.
• Ability to verify borrower equity contributions and project sources of funds.
• Ability to monitor construction loans throughout the life of the project.
• Ability to coordinate with Fund Control to ensure timely and accurate project funding.
• Ability to review draw requests and supporting documentation.
• Ability to obtain and review: Invoices, Lien releases, Change orders, Inspection reports.
• Ability to ensure reimbursement requests comply with approved project budgets.
• Ability to perform periodic site inspections to verify construction progress.
• Ability to maintain ongoing communication with borrowers regarding project performance and financial condition.
• Ability to ensure all loan files remain complete, current, and compliant with Bank policy and regulatory requirements.
• Ability to collaborate effectively with: Relationship Managers, Credit Administration, Loan Operations, Fund Control, Appraisers, Attorneys, Inspectors, Title Companies, Executive Management.
• Ability to support loan origination staff by providing construction lending expertise throughout the underwriting and closing process.
• Ability to provide an exceptional level of service to clients while balancing prudent risk management.
• Ability to assist the Chief Credit Officer and executive leadership with internal reporting, portfolio analytics, policy development, and special projects as assigned.

Benefits

CalPrivate Bank offers competitive compensation and benefits, including:

• Health insurance
• Retirement savings plan
• Flexible work arrangements
• Professional development opportunities
• Employee recognition programs

Pay

Competitive salary based on experience and qualifications.

Schedule

Full-time position with flexible working hours to accommodate client needs.

Contact

To apply, please visit our careers page at [insert link]. For questions about the position, contact [insert contact information].