Construction Monitor Spec, Sr

Old National Bank•Indianapolis, IN

23h•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Associates degree in a business-related field or equivalent work experience.
Minimum three (3) years in commercial banking.
Highly detail oriented, thorough, and ability to think critically with limited oversight.
Excellent time and project management skills.
Strong organization skills.
Refined verbal and written communication skills.
Ability to meet strict deadlines.
Ability to handle multiple and complex projects in various stages of construction.

Responsibilities

The Construction Monitoring Specialist, SR works under the direction of the Credit Division and is responsible for monitoring the construction phase of assigned commercial construction loans.
The Construction Monitoring Specialist, SR will work with Commercial Relationship Managers, Commercial Support, Borrowers, title companies, attorneys, contractors, and others to ensure that all information required to make a construction draw is provided and ensures that any issues have been mitigated prior to approving draws.
The Construction Monitoring Specialist, SR will be responsible for a portfolio of construction loans that are in various stages of construction.
The Specialist must be able to prioritize each of the projects and ensure that draw requests are executed timely while making sure that any and all risks have been mitigated.
Work closely with Commercial Relationship Managers and Commercial Support Staff on newly approved commercial construction loans to ensure that all required construction documentation is received, reviewed, and approved prior to closing.
The Construction Monitoring Specialist, SR will also facilitate the initial funding of construction loans with the Commercial Support Staff, Relationship Managers, Borrowers, title companies, etc.
Facilitate the funding of draws on Commercial Construction loans.
The Construction Monitoring Specialist, SR must ensure that each draw is following loan policy and regulatory requirements.
The draws must be in alignment with the budget and expected percent of completion.
The Construction Monitoring Specialist, SR must think critically to work through and solve problems as they arise.
Serve as a Commercial Construction Policy expert to provide guidance to Commercial Relationship Managers and Commercial Support Staff during the origination process on policy, procedures, and applicable laws and regulations.
Proactively works with Commercial Relationship Managers and Commercial Support staff to find solutions to when construction issues arise.
Communicates directly with clients, title companies, attorneys, contractors, etc. when construction issues arise.
Communication may also occur during the origination phase where outside parties need to understand our process or have questions.