Construction Loan Monitoring Analyst- CBG Operations

Regions Bank•Hoover, AL

1d•$44,600 - $57,280•Onsite

About The Position

At Regions, the Corporate Loan Fulfillment Construction Monitoring Analyst position is responsible for managing risk related to all commercial construction loan projects, greater than two million, from the various lines of business throughout the Bank's 16-state footprint.

Requirements

Bachelor's degree OR High School Diploma or GED with three (3) years previous real estate underwriting, construction loan disbursement, paralending, or related commercial banking experience
Demonstrates strong interpersonal, verbal, and written communication skills
Highly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints
Strong analytical and problem solving skills
Excellent time management
Strong Microsoft Excel skills

Responsibilities

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
Works in conjunction with the Credit Products and 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
Assists with questions, and work with senior analysts regarding issues that arise in the field during construction; facilitating with 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
Assigns and manage approved 3rd party construction consulting inspection firms
Maintains relationships with third party partners, such as title contacts and inspectors, throughout project; complete scorecards as needed post project completion
Secures all required final construction completion documents at project completion, and verify that there are no outstanding issues
Partners with one (1) or more of the following segments : Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management