Credit Products Construction Loan Monitoring Analyst

Job Description

The Credit Products Construction Loan Monitoring Analyst at Regions is responsible for managing risk related to all commercial construction loan projects from various lines of business throughout the Bank’s footprint. Key responsibilities include:

• Reviews construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issues.
• Reviews construction loan requirements in underwriter's approval with the field to ensure compliance with policy.
• Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects.
• Works in conjunction with the Credit Products and Loan Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to the loan closing.
• Evaluates and approves draw requests, ensuring that all required documentation is submitted and acceptable, per Regions' construction loan policy and Real Estate Banking Advisor guidelines.
• Aids with questions and works with senior analysts regarding issues that arise in the field during construction; facilitates with the Relationship Team and Credit Products until resolved.
• Creates and maintains sources and uses worksheet reflecting a balanced budget throughout the construction project; including hard and cost soft costs, budget reallocations, and change orders.
• Reconciles contractor draw requests in conjunction with available loan funds.
• Partners with other lenders, in agent, and not agent projects.
• Sets up and manages approved third party construction consulting inspection firms.
• Maintains relationships with third party partners, such as title contacts and inspectors, throughout project; completes scorecards as needed post project completion.
• Aids with training and mentoring new construction loan monitoring analysts.
• Pairs with one (1) or more of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management.

Requirements

• Bachelor’s degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience.
• High School Diploma or GED and seven (7) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience.

Skills and Competencies

• Advanced knowledge of Microsoft Excel.
• Demonstrates strong interpersonal, verbal, and written communication skills.
• Exhibits excellent time management.
• Displays highly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints.
• Shows strong analytical and problem-solving skills.

Position Type

Full time.

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

Other Benefits

• Paid vacation/sick time.
• 401K with Company Match.
• Medical, Dental and Vision Benefits.
• Disability Benefits.
• Health Savings Account.
• Flexible Spending Account.
• Life Insurance.
• Parental Leave.
• Employee Assistance Program.
• Associate Volunteer Program.

Location Details

Riverchase Complex North Building
Location: Hoover, Alabama

Equal Opportunity Employer

including Disabled/Veterans