CRE Construction Loan Portfolio Manager II

About the role

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Responsibilities

• Possess a strong working knowledge of the Commercial Real Estate Policies and Procedures.
• Accountable for all assigned customers and associated construction projects.
• Review General Contractor, Architect/Engineer agreements, construction budgets and loan agreement to ensure bank’s construction policy and procedures are adhered and align with approval.
• Responsible for coordinating the review and resolution of any issues identified in the third-party plan, spec and cost reports as well as coordination of Bank’s Consultant’s for monthly draw requests.
• Review budgets to confirm all sources of funds such as equity and loan commitment, are sufficient to complete the project.
• Monitor changes by line item in the project budget and contractor payment applications and pursue explanations to budget changes and determine if changes are acceptable.
• Evaluate if interest reserve and contingency line items remain adequate.
• Escalate any out of balance situations to LOB and Credit Risk partners.
• Responsible for review and reconciliation of equity documentation to determine that equity contribution per loan approval has been met.
• Responsible for collecting and reviewing all Post-Closing construction related documentation.
• Identify documentation required pursuant to loan agreement. Should documentation be deemed insufficient, recommend to LOB and or Borrower alternate solutions to ensure proper evidence is obtained.
• Verify that Construction Loan Administrators (CLA’s) are reviewing the appropriate draw documentation. Provide high level secondary review function on draws reviewed by CLA’s.
• Communicate with LOB and Credit Risk Partners the progress of construction projects and issues that may need to be addressed, such as budget increases, mechanic's liens, equity needs and project delays.
• Able to prioritize pending work for multiple projects related to the review and approval of commercial real estate construction loan closings and advances.
• Be a resource and provide guidance to the CLA team members and business partners.
• When we agent a loan, coordinate with internal partners on syndicated or participated loans to establish a portal to share draw documentation timely with participant banks. Address participant questions or concerns and elevate issues as appropriate to avoid funding delays.
• Develop relationships with LOB and Credit Risk Partners as a trusted advisor for construction loan administration.
• Order and review title updates or endorsements, identify exceptions and pursue remedies to remove exceptions.
• Ensure all appropriate lien waivers are collected, reviewed for accuracy and seek corrections if necessary.
• Review inspection reports, identify issues, raise issues to LOB and Credit Risk Partners, and provide recommendations for resolution.
• Well versed in ability to identify early warnings signs of fraud or project changes that may impact the completion of project delivering on time and within budget.
• Complete all internal forms required for closings, disbursements and tracking and compliance with RCSA.
• Review interest payments completed by Construction Loan Administrators and ensure monthly interest reserve reporting for management is completed by deadline.
• Responsible for ensuring timely payments to outside vendors engaged in the disbursement process.
• Ensure current and accurate information for all portfolio reporting prepared for Management.
• As requested, supply information for internal and external audits.
• Responsible for establishing and managing construction files on shared drive, construction management system and CLA SharePoint. Ensure loans are properly set-up, coded and updated on the commercial loan systems.
• Mentors and develops more junior team members and partners.

Requirements

• Minimum of 5+ years of commercial real estate construction credit analysis and/or loan review experience in the banking industry, or business-related experience at a developer or title company.
• Minimum of 7+ years administering commercial construction loan disbursements.
• Proven ability to identify construction risks.
• Clear and articulate oral and written communication skills.
• Solid understanding of internal operation functions and commercial real estate lending.
• Skilled in problem solving and customer service.
• A self starter with the ability to work in a deadline driven environment and multi task with excellent attention to detail.
• Proficient in basic software applications such as Microsoft Word and Excel.
• Ability to execute with minimal to no supervision required.

Qualifications

• Preferred degree in Business or Accounting.

Skills

• Strong working knowledge of Commercial Real Estate Policies and Procedures.
• Ability to identify and manage construction risks.
• Excellent problem-solving and customer service skills.
• Proficiency in software applications such as Microsoft Word and Excel.

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html.

Pay

Total Base Pay Range: $82,100.00 - $172,500.00 USD Annually

Schedule

Full-time