Credit Products Construction Loan Monitoring Analyst

Regions Bank•Hoover, AL

8d•Onsite

About The Position

The Corporate Loan Fulfillment Construction Monitoring Analyst manages risk for commercial construction loan projects greater than $2 million across Regions’ 16-state footprint. The position reviews construction contracts and related documents, coordinates required documentation before loan closing, evaluates and approves draw requests, and monitors project budgets and available loan funds through construction completion. The analyst works with internal teams and external partners to resolve project issues and confirm that required final documentation is in place.

Requirements

Bachelor’s degree, or a high school diploma or GED and three years of previous real estate underwriting, construction loan disbursement, paralending, or related commercial banking experience.
Strong interpersonal, verbal, and written communication skills.
Highly organized and detail-oriented, with the ability to manage multiple projects under sensitive time constraints.
Strong analytical and problem-solving skills.
Excellent time management.
Strong Microsoft Excel skills.

Responsibilities

Review construction contracts and related documents for policy compliance and identify outstanding issues.
Review construction loan requirements in the underwriter’s approval with the field to ensure policy compliance.
Work with Credit Products and Fulfillment teams to obtain, review, and approve required preliminary construction documentation before loan closing.
Evaluate and approve draw requests, confirming that required documentation is submitted and acceptable under Regions’ construction loan policy and Real Estate Banking Advisor guidelines.
Assist with field questions and work with senior analysts, Relationship Teams, and Credit Products to resolve issues arising during construction.
Create and maintain a balanced sources-and-uses worksheet throughout the construction project, including hard and soft costs, budget reallocations, and change orders.
Reconcile contractor draw requests against available loan funds.
Partner with lenders on agent and non-agent projects.
Assign and manage approved third-party construction consulting inspection firms.
Maintain relationships with third-party partners, including title contacts and inspectors, and complete scorecards as needed after project completion.
Secure required final construction completion documents and verify there are no outstanding issues.
Partner with one or more of the following segments: Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management.