Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.
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Job Description:
At Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank's footprint.
Primary Responsibilities
Reviews construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issues
Reviews construction loan requirements in underwriter's approval with the field to ensure compliance with policy
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
Assists with questions and works with senior analysts regarding issues that arise in the field during construction; facilitating with the Relationship Team and Credit Products until resolved
Creates and maintains sources and uses worksheet 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, in agent, and not 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 the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
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 five (5) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience
Skills and Competencies
Demonstrates strong interpersonal, verbal, and written communication skills
Highly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints
Strong analytical and problem solving skills
Excellent time management
Advanced knowledge of Microsoft Excel
This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.
Position Type
Full time
Compensation Details
Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:
Minimum:
$64,963.80 USD
Median:
$77,750.00 USD
Incentive Pay Plans:
This job is not incentive eligible.
Benefits Information
Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. (https://www.regions.com/about-regions/benefits/benefits-eligibility) Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
Paid Vacation/Sick Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location Details
Riverchase Complex North Building
Location:
Hoover, Alabama
Equal Opportunity Employer/including Disabled/Veterans
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
