Construction Loan Officer III
About The Position
The Construction Loan Officer III develops new residential and commercial construction-loan business and provides service to clients, builders, developers, branches, and other Bank personnel. The role originates, underwrites, negotiates, and monitors construction loans, assesses project feasibility and financial assumptions, coordinates loan documentation and closings, and oversees project funding and portfolio performance. The position also supports compliance with Bank policies and applicable laws, underwriting standards, and the Bank’s Community Reinvestment Act (CRA) objectives. The successful candidate can review construction budgets, project capitalization, and lease-up or sales assumptions; communicate and negotiate effectively with borrowers and Bank personnel; and manage assigned loans through construction, sale, or takeout. A bachelor’s degree or equivalent education and experience is specified. The position requires a current driver’s license and travel 10% of the time. Physical demands include frequent sitting, regular use of hands and communication, occasional movement and postures such as standing, walking, climbing, or crouching, and occasional lifting or moving of up to 10 pounds. The work environment usually has moderate noise.
Requirements
- Bachelor’s degree from a four-year college or university, or one to two years of related experience and/or training, or an equivalent combination of education and experience.
- Ability to read, analyze, and interpret business publications, professional journals, technical procedures, and governmental regulations.
- Ability to write reports, business correspondence, and procedure manuals, and to present information and respond to questions effectively.
- Ability to calculate figures including interest, percentages, proportions, and measurements, and apply basic algebra and geometry.
- Ability to solve practical problems with limited standardization and interpret written, oral, diagrammatic, or scheduled instructions.
- Working knowledge of Microsoft Office and Premier Software.
- Current driver’s license.
- Social and interactive skills, self-motivation, and organizational ability.
- Ability to travel 10% of the time.
Nice To Haves
- Ability to read blueprints.
- Experience working with builders and developers with substantive balance sheets and relationships with multiple banks.
Responsibilities
- Comply with and stay current on Bank policies and applicable federal and state laws.
- Provide and promote The Citizens Experience to internal and external customers.
- Develop new residential and commercial construction-loan business and attract qualified borrowers through business development.
- Provide client service that encourages repeat business.
- Respond to construction-loan inquiries from builders, developers, branches, and other Bank personnel.
- Assess project feasibility; originate, underwrite, and negotiate construction loans.
- Use Excel and real-estate project capitalization software to support negotiations and assist branches working with clients.
- Review project line items and lease-up or sales assumptions for accuracy.
- Prepare written approval requests, Requests of Credit Extension, and EOI’s.
- Coordinate loan documentation and closings.
- Oversee construction-project funding through completion, sale, or takeout.
- Review and approve disbursement requests and reconveyances for assigned clients.
- Monitor the construction-loan portfolio, manage loans in accordance with policy, address deficiencies, document and report issues as appropriate, and process extensions in a timely manner.
- Follow appropriate underwriting procedures and guidelines and assist with the Bank’s CRA objectives.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
