Construction Monitoring Analyst- CBG Operations

Regions Bank•Hoover, AL

30d•Onsite

About The Position

At Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank’s footprint. Primary 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 Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects Works in conjunction with the Credit Products and Loan 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 works with senior analysts regarding issues that arise in the field during construction; facilitating with the 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 manages approved third party construction consulting inspection firms Maintains relationships with third party partners, such as title contacts and inspectors, throughout project; completes scorecards as needed post project completion Secures all required final construction completion documents at project completion, and verifies that there are no outstanding issues Assists with training and mentoring new construction loan monitoring analysts Partners with one (1) or more the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

Bachelor’s degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience or High School Diploma or GED and five (5) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, 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
Advanced knowledge of Microsoft Excel

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
Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects
Works in conjunction with the Credit Products and Loan 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 works with senior analysts regarding issues that arise in the field during construction; facilitating with the 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 manages approved third party construction consulting inspection firms
Maintains relationships with third party partners, such as title contacts and inspectors, throughout project; completes scorecards as needed post project completion
Secures all required final construction completion documents at project completion, and verifies that there are no outstanding issues
Assists with training and mentoring new construction loan monitoring analysts
Partners with one (1) or more the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management