Commercial Construction Loan Specialist

Wings Credit Union•Apple Valley, MN

About The Position

The Commercial Construction Loan Specialist is responsible for supporting the end-to-end processing of both construction-to-permanent and standalone construction loans. This position manages a complex portfolio while ensuring strict compliance with regulatory and organizational standards and loan agreements. This role coordinates construction draws, lien monitoring, inspections, documentation, funding, and risk management. In addition, the specialist collaborates closely with management to improve operational efficiency and acts as a central liaison between borrowers, builders, inspectors, loan officers, and internal stakeholders. The role emphasizes effective risk mitigation, strong relationship management, member satisfaction, and requires in-depth knowledge of applicable lending policies.

Requirements

High School Diploma/G.E.D. required
4+ years of experience in commercial construction lending, construction administration, loan servicing, commercial credit, or construction-related experience, required
Strong understanding of commercial construction lending practices.
Proven ability to build strong customer/member relationships and delivering customer/member-centric solutions.
Known for building partnerships and working collaboratively with others to meet shared objectives.
Proven track record of taking on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
Ability to adapt approach and demeanor in real time to match the shifting demands of different situations.
Driver's License required

Nice To Haves

Bachelor's Degree in Finance, Accounting, Business Administration, Economics, Construction Management, Project Management, or other related field of study, preferred
Experience in Built Technologies construction draw management platform, preferred.

Responsibilities

Review loan documents to ensure construction terms, budgets, and funding requirements are accurately established.
Coordinate project setup within loan servicing and/or any construction loan management systems.
Review and approve complex draw requests, ensuring alignment with project milestones, budget, and third-party inspection results.
Validate percentage of completion calculations and remaining funds availability.
Monitor lien waivers, title updates, endorsements, and other collateral protection requirements.
Review project budgets for cost overruns and identify potential project risks, escalating any concerns regarding delays, budget deficiencies, contractor issues, and/or collateral risks.
Ensures compliance with loan covenants and construction loan agreements.
Serves as point of contact for borrowers, contractors, builders, title companies, and inspectors.
Provide guidance regarding draw procedures, documentation requirements, and project expectations.
Participate in audits, quality control reviews, third-party examinations, and pipeline reporting.
Maintain accurate records of inspections, funding approvals, and project status updates.
Assist management with construction portfolio analytics and risk reporting.
Performs other duties as assigned.
Remains cognizant of and adheres to Wings policies and procedures, and regulations pertaining to the Bank Secrecy Act.