Credit Products Construction Loan Monitoring Analyst

Regions Bank • Hoover, AL • 23h ago

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.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Credit Products Construction Loan Monitoring Analyst manages 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 underwriting-approved construction loan requirements with field teams to ensure adherence to established policies and procedures

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

Supports senior analysts in resolving construction-related field issues by coordinating with the Relationship Team and Credit Products through resolution

Creates and maintains sources and uses worksheets 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 on both agent and non-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 of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized and 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 seven (7) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience

Skills and Competencies

Advanced knowledge of Microsoft Excel

Demonstrates strong interpersonal, verbal, and written communication skills

Excellent time management

Highly organized, detail-oriented, with the ability to manage multiple projects under sensitive time constraints

Strong analytical and problem solving skills

This role will require onsite work 4 days per week out of our office in either Hoover, AL, Atlanta GA, or Charlotte NC.

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:

$65,805.30 USD

Median:

$78,760.00 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.

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