Construction Review Administrator

Umpqua Bank Corp•Mountlake Terrace, WA

54d•$77,969 - $135,000•Onsite

About The Position

Oversees and participates in receipt of receiving, as well as evaluating construction related due diligence items and equity verification during commercial real estate loan underwriting operations, and coordinates loan closings; summarizes findings in credit recommendation for Construction Loan Administration (CLA). Engages and monitors third party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications. Initiates, performs and/or reviews construction loan disbursements. Interacts with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (Regional Manager, loan officer) and other Columbia associates. Analyzes, reviews and comments on Construction Loan Agreements and related legal documents for CLA requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule. Review credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with CLA requirements, policies and procedures. Develop CLA credit document, the Credit Risk Certification (CRC) for each assigned construction loan, and review with RM prior to submittal to Credit Quality for approval. Identify equity requirements, verification, and closing documentation, and coordinate with Loan Administration and Loan Support Services. Identify deficiencies and ensure corrections prior to recommendations and granting final acceptance. Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of "Plans & Specs", verification of construction budgets, endorsement of design professionals and construction contracts, etc. During construction, monitor the monthly draw requests inputting necessary information into the CLA tracking systems. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes. Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training. Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description. May be asked to coach, mentor, or train others and teach coursework as subject matter expert. Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words. Takes personal initiative and is a positive example for others to emulate. Embraces our vision to become "Business Bank of Choice" May perform other duties as assigned.

Requirements

Bachelor's degree in architecture, civil or structural engineering, construction management or similar, preferred.
Associate, vocational, or technical degree related to information technology or related field equivalent experience, required.
4-6 years of relevant construction, construction lending, credit analysis, and/or appraisal experience, required.
Ability to be flexible with an ever-changing body of work; manage multiple projects and inquiries at the same time; learn quickly, knowing own learning style; recognize and support efficiency opportunities.
Ability to read, review and comment on complex loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements.
Demonstrated analytical and problem-solving skills including wide-ranging and in-depth knowledge of real estate and construction industry practices.
Proven written and verbal communication skills, including verbalizing concerns, conflict resolution and proofing/editing others' documents.
Intermediate proficiency with personal computers and related software packages such as Microsoft Office products, especially Outlook, Word and Excel.
Knowledge of loan documents, construction documents and specifications from all disciplines, construction contracts, and consulting agreements; construction and real estate industry standards (AIA and AGC documents, appraisals, surveys, title reports, insurance requirements, etc.) and direct field experience desired.
Proficient at working effectively and collaboratively with individuals, groups and departments across the company to manage internal and external customer relationships.
Ability to train and present to small and large audiences or has the interest in learning to train and present.

Nice To Haves

Knowledge of Microsoft Project or other scheduling software desired but not required.

Responsibilities

Oversees and participates in receipt of receiving, as well as evaluating construction related due diligence items and equity verification during commercial real estate loan underwriting operations, and coordinates loan closings; summarizes findings in credit recommendation for Construction Loan Administration (CLA).
Engages and monitors third party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications.
Initiates, performs and/or reviews construction loan disbursements.
Interacts with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (Regional Manager, loan officer) and other Columbia associates.
Analyzes, reviews and comments on Construction Loan Agreements and related legal documents for CLA requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule.
Review credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with CLA requirements, policies and procedures.
Develop CLA credit document, the Credit Risk Certification (CRC) for each assigned construction loan, and review with RM prior to submittal to Credit Quality for approval.
Identify equity requirements, verification, and closing documentation, and coordinate with Loan Administration and Loan Support Services.
Identify deficiencies and ensure corrections prior to recommendations and granting final acceptance.
Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of "Plans & Specs", verification of construction budgets, endorsement of design professionals and construction contracts, etc. During construction, monitor the monthly draw requests inputting necessary information into the CLA tracking systems.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become "Business Bank of Choice"
May perform other duties as assigned.

Benefits

We offer a competitive total rewards package including base wages and comprehensive benefits.
The pay range for this role is $77,968.80 - $135,000.00, and the pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location.
The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays.
Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

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