Credit Products Construction Loan Monitoring Analyst

Regions Bank•Hoover, AL

4d•Hybrid

About The Position

At Regions, the Credit Products Construction Loan Monitoring Analyst manages risk related to all commercial construction loan projects from the various lines of business throughout the Bank’s footprint.

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 seven (7) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience
Advanced knowledge of Microsoft Excel
Demonstrates strong interpersonal, verbal, and written communication skills
Excellent time management
Highly organized, detail-oriented, with the ability to manage multiple projects under sensitive time constraints
Strong analytical and problem solving skills

Responsibilities

Reviews construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issues
Reviews underwriting-approved construction loan requirements with field teams to ensure adherence to established policies and procedures
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
Supports senior analysts in resolving construction-related field issues by coordinating with the Relationship Team and Credit Products through resolution
Creates and maintains sources and uses worksheets 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 on both agent and non-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 of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized and Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management