Additional Information
Location:
800 Philadelphia Street
Indiana, Pa 15701
Hours:
Monday - Friday: 8:00AM-5:00PM
(Additional hours as necessary to meet the objectives of the department)
Function : Assumes responsibility for complex activity of Commercial Construction Loan monitoring, and portfolio risk management. Ensures the timely processing of construction loan closings and monthly advance requests, monitors collateral positions, and project status conditions to ensure projects financed remain on schedule and within the approved budget providing a high level of customer service and support.
Duties and Responsibilities :
Provides support to CCAM Manager with overseeing the review of credit approvals, construction due diligence items and loan documentation to ensure transaction complies with Bank policy and procedures for large, complex commercial construction loans.
Independently monitors a portfolio of large, complex commercial construction loan accounts and is responsible for ensuring loans are in compliance with the Credit Memo and Business Loan Agreement. Responsible for reporting any exceptions or performance issues.
Responsible for adhering to Key and Secondary SOX Controls pertaining to the engagement of independent site consultants, building, and maintaining a detailed project budget, and securely disbursing loan draws per the borrower's funding instructions.
Monitors information concerning the construction projects performance in accordance with scheduled completion and budget. Identifies out-of-balance situations and potential construction risk issues that could impact the completion of project.
Reviews and approves funding of monthly construction draw request advances while adhering to CCAM policy and procedures.
Provides a high level of customer service and support, and completing special projects as requested.
Responsible and accountable for identifying potential portfolio risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
Provides support as it relates to the proposed construction project and prepares commentary for credit underwriting to include in approvals including:
Reviewing and analyzing construction related documentation.
Provides recommendations for construction loan conditions and structure to comply with policies and procedures.
Contacts customers, Regional Credit Officers, and commercial bankers to resolve discrepancies and provides ongoing customer service in the monitoring of Construction loans.
Ensures compliance with existing loan policies and procedures
Develops a working knowledge of all assigned customers and associated construction projects.
Provides training and development as needed.
Maintains databases and files for Commercial Construction loan budgets, Site Summary Reports for loan adequacy, project timelines, interest reserves and absorption rates during the construction draw period.
Coordinates and engages third party inspections and Plan, Cost & Documentation Reviews by professional engineering consultants from the Bank's approved list. Reviews results, and discusses variances with engineer and utilizes report to decision construction loan disbursements.
May be asked to conduct site inspections on Construction Loans to verify collateral.
Downloads and prepares monthly departmental construction loan reports of the Commercial Construction Lines of Credit portfolios.
Maintains a good working relationship with bank employees. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department, and in turn the organization.
Utilizes the bank's credit underwriting, approval, and workflow system, nCino, to track loan status, verify pre-funding documentation and approve initial funding.
Assumes additional responsibilities as required.
Education:
Requires a four-year degree or equivalent.
Stbancorp · Main Office