Construction Loan Officer III

Citizens Business Bank•Ontario, CA

About The Position

The Construction Loan Officer III develops new residential and commercial construction lending business, builds relationships with qualified borrowers, builders, and developers, and delivers excellent service to clients and internal partners. The role originates, underwrites, and negotiates construction loans; assesses project feasibility and the accuracy of project budgets and sales or lease-up assumptions; prepares credit requests; and coordinates loan documentation and closings. It also oversees construction loan funding through project completion and monitors portfolio performance, including disbursements, past-due or problem loans, deficiencies, and extensions. The position follows applicable laws, regulations, and Bank policies and supports the Bank’s Community Reinvestment Act objectives. The successful candidate has a bachelor’s degree or an equivalent combination of education and experience, strong communication, mathematical, analytical, and organizational abilities, and working knowledge of Microsoft Office and Premier Software. A current driver’s license is required, and travel is required 10% of the time. Reading blueprints is a plus. The work environment typically has moderate noise. The role involves frequent sitting, regular use of hands and communication, occasional standing, walking, reaching, climbing or balancing, stooping, kneeling, crouching or crawling, and occasional lifting or moving of up to 10 pounds.

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 periodicals, professional journals, technical procedures, and governmental regulations.
Ability to write reports, business correspondence, and procedure manuals and present information effectively.
Ability to calculate figures and amounts involving discounts, interest, commissions, proportions, percentages, area, circumference, and volume, and apply basic algebra and geometry.
Ability to solve practical problems, work 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 applicable policies, procedures, and federal and state laws.
Provide, present, and promote The Citizens Experience to internal and external customers.
Develop new business in residential and commercial properties and attract qualified construction-related borrowers.
Provide excellent client service that encourages repeat business.
Interact with builders, developers, branches, and other departments; respond to construction loan inquiries.
Originate, underwrite, and negotiate construction loans, and determine project feasibility.
Use Excel and real estate project capitalization software to assess projects and support client negotiations and branch service.
Review construction project line items and lease-up or sales assumptions for accuracy.
Prepare written requests for approval, Requests of Credit Extension, and EOI’s.
Coordinate loan documentation and closing processes.
Monitor construction loan portfolios and oversee project funding through construction completion, sale, or takeout.
Review and approve disbursement requests and reconveyances for assigned clients.
Follow up on and monitor past-due or problem loans; manage portfolios in accordance with policy and address deficiencies promptly.
Document and report issues when appropriate and process extensions in a timely manner.
Follow underwriting procedures and guidelines and assist with Bank CRA objectives.
Perform other duties as assigned.