VP Construction Lending Manager

Union Savings Bank - CT•Danbury, CT

15h

About The Position

The VP Construction Lending Manager manages the Bank’s construction loan process and procedures and develops and maintains a portfolio of new and existing commercial mortgage and construction loan accounts. The role oversees construction lending activities, coordinates underwriting with Credit Administration and other commercial loan officers, and works with outside professionals and third-party firms to assess project feasibility, budgets, and inspections. The position also develops complex commercial relationships, particularly with commercial real estate developers and construction projects. It supports customers throughout application, lending, and construction; solicits new business; participates in joint calling efforts; cross-sells Bank products and services; and contributes to the Bank’s visibility through professional and community relationships. Credit responsibilities include analyzing financial information, managing construction loan approvals in accordance with policy, addressing exceptions and modifications as appropriate, monitoring problem credits, and handling requests involving governmental loan programs. The manager must be able to manage multiple complex transactions with limited supervisor assistance and demonstrate knowledge of Bank operations, procedures, and desirable transaction types.

Requirements

Knowledge of bank operations and procedures and of transaction types most desirable to the Bank.
Ability to handle multiple complex transactions at a time.
Ability to handle multiple complex transactions with little supervisor assistance.
Strong leadership skills.
Ability to structure, coordinate, and underwrite loans in conjunction with Credit Administration as applicable.

Responsibilities

Oversee all aspects of the construction loan process, including maintaining appropriate procedures and policies in conjunction with the Commercial Services SVP/Department Head.
Interface with outside experts, including accountants, appraisers, architects, attorneys, and engineers involved in financed projects.
Structure, coordinate, and underwrite construction loans in conjunction with Credit Administration and other commercial loan officers as applicable.
Manage the selection of third-party professionals, including engineers, building professionals, and inspection firms, to coordinate project cost feasibility, budget reviews, and inspections.
Actively manage construction loans and prepare a monthly status report on all construction loans.
Develop and manage large and complex commercial account relationships, focusing on commercial real estate developers and construction projects.
Communicate with customers throughout the application, loan, and construction processes as appropriate.
Solicit new business and interview applicants.
Participate in joint calling efforts with branch personnel and commercial lenders.
Cross-sell Bank products and services and counsel customers on relevant product awareness.
Maintain professional and community relationships through active participation, increasing the Bank’s visibility and furthering professional development.
Collect and analyze financial and related data to establish creditworthiness.
Approve loan policy exceptions, modifications, and risk ratings as appropriate.
Monitor problem construction loan credits to ensure prompt follow-up and resolution.
Manage the construction loan credit approval process to ensure compliance with established loan policies and procedures.
Handle new loan requests in conjunction with governmental loan programs.
Demonstrate leadership and manage multiple complex transactions, including with little supervisor assistance.