Commercial Construction Administration Specialist

SouthState Bank•Remote Worker, SC

1d•$59,959 - $95,780

About The Position

Works with Loan Administration, Credit Risk, and Commercial Lending to manage the Bank’s risk in its commercial construction portfolio. The role is primarily responsible for accurate and timely processing of commercial construction loan draws in accordance with policies and procedures, including reviewing and approving draws and monitoring project budgets. It also tracks and reports on the construction portfolio, including loans designated as HVCRE. The position reviews inspection reports and invoices to validate costs and determine whether requested amounts are applicable, then approves or adjusts draw requests based on supporting evidence. It monitors project status for cost increases and change orders, assesses whether budgets are sufficient to complete projects, and may reallocate available budget funds or require additional borrower equity. Requests to delay or adjust the timing of required equity injections must be reviewed and decided or escalated for additional approval. The Specialist collects, reviews, and manages documents required for draw releases, including lien releases, surveys, insurance, and change orders. The role maintains organized project budget workbooks and supporting documentation; trains and coaches lenders on the construction process; handles final code conversion as loans transition from construction to term loans; and reviews projects on an ongoing basis to identify issues that could delay completion or adversely affect the Bank’s collateral position or repayment. Other duties may include special projects related to reporting, portfolio maintenance, or team support.

Requirements

College degree.
At least 3 years of mortgage or commercial banking experience.
Understanding of commercial construction.
Ability to manage multiple processes, multitask, and work in a fast-paced environment.
Strong verbal and written communication skills.
Ability to collaborate with business partners and customers to resolve issues and keep projects within budget.
Detail-oriented, with critical-thinking and analytical skills.
Ability to identify potential issues and recommend changes.
Proficiency with Excel.
Must be able to sit for long periods and effectively access and interpret information on computer screens, documents, and reports.

Nice To Haves

Experience with loan closings and construction draw monitoring.
Training in MS Excel, MS CRM, Report Writing and Processing Program, General Ledger and Financial Reporting Program, and Core Processing System.
New Employee Orientation and Product Knowledge Class.

Responsibilities

Process commercial construction loan draws accurately and promptly in accordance with policy and procedures.
Review and approve construction loan draws and monitor project budgets.
Track and report on the commercial construction portfolio, including management of HVCRE-designated loans.
Review inspection reports and invoices to validate costs and determine whether requested draw amounts are applicable.
Approve draw requests or adjust them downward based on supporting evidence.
Monitor projects for cost increases and change orders and determine whether budgets are sufficient to complete projects.
Reallocate available funds among budget line items or require additional borrower equity when needed; review or escalate requests to change the timing of equity injections.
Collect, review, and manage documents required for draw releases, including lien releases, surveys, insurance, and change orders.
Maintain organized project budget workbooks and supporting documentation.
Train and coach lenders to support a smooth construction process.
Complete final code conversion for reporting when a construction loan transitions to a term loan.
Review projects on an ongoing basis to identify issues that could delay completion or negatively affect the Bank’s collateral position or repayment.
Undertake other projects related to reporting, portfolio maintenance, or team support, and accept other duties as assigned.