VP Construction Lending Manager

Union Savings Bank•Danbury, CT

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-loan administration, including maintaining appropriate policies and procedures in conjunction with Commercial Services, SVP – Department Head; coordinating and underwriting loans with Credit Administration and other commercial loan officers; and managing third-party professionals involved in project feasibility, budget review, and inspections. The position develops and manages large and complex commercial relationships, with a focus on commercial real estate developers and construction projects. It communicates with customers throughout the application, loan, and construction processes, solicits and interviews applicants, participates in joint calling efforts, cross-sells Bank products and services, and supports the Bank’s visibility through professional and community involvement. The role also supports credit administration for construction lending by evaluating borrower creditworthiness, addressing policy exceptions and modifications as appropriate, monitoring problem credits, and ensuring construction-loan approvals follow established policies and procedures. It handles multiple complex transactions, including new loan requests involving governmental loan programs.

Requirements

Ability to handle multiple complex transactions at a time.
Ability to handle multiple complex transactions with little supervisor assistance.
Knowledge of bank operations and procedures and of the types of transactions most desirable to the Bank.
Strong leadership skills.

Responsibilities

Oversee all aspects of the construction loan process, including maintaining appropriate procedures and policies in conjunction with Commercial Services, SVP – Department Head.
Interface with outside experts, including accountants, appraisers, architects, attorneys, and engineers associated with financed projects.
Structure, coordinate, and underwrite construction loans with Credit Administration and other commercial loan officers as applicable.
Select and manage 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 report on their status.
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 pertinent product awareness.
Maintain professional and community relationships through active participation to increase the Bank’s visibility and further 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.