Commercial Construction Administrator

Mountain America Credit Union; United States; On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Inclusive environment

Charity events

Employee activities

Job summary

Mountain America Credit Union is seeking a skilled professional to assist the Commercial Construction Manager in overseeing the commercial construction lending process. You will develop relationships with builders and contractors to promote lending activity and provide operational coaching to loan officers.

The role includes reviewing appraisals and third-party reports to ensure a thorough risk review, funding of construction loans, and ongoing portfolio management in line with MACU policies and

Qualifications

• Four years of commercial lending experience or related commercial experience in a financial setting.
• Bachelor’s degree in business, marketing, finance, economics or related field or 2 additional years of progressive experience in a commercial lending setting.

Responsibilities

• Assist in managing administration of all commercial construction loan requests and files, including feasibility reviews, cost to build, debt ratios, cash to close, timelines, and third-party reports.
• Oversee processes for loan documentation, funding and disbursement of construction funds; coordinate property inspections and risk reviews.
• Partner with commercial loan officers in presenting complex construction loan requests in Loan Committee and ensure timely project completion.

Skills

Commercial lending

Credit analysis

Microsoft Office

Loan documentation

Education

Bachelor's degree in business, finance, economics, or related field

Tools

Loan origination systems

Loan documentation software

Financial reporting software

Excel

Job description

Job Summary

Assists Commercial Construction Manager in overseeing commercial construction lending processes; conducts business development activities to achieve commercial construction loan portfolio gain and profit objectives. Develops relationships with builders, contractors and other professionals to obtain referrals and promote lending activity. Provides operational guidance, coaching and support to commercial and SBA loan officers. Reviews appraisals, third-party reports and credit analyses to ensure a comprehensive review process of the construction loan request and to reduce risk. Analyzes, reviews, and funds, commercial/SBA construction loans consistent with MACU policies and procedures and SBA guidelines.

Job Description

To be effective, an individual must be able to perform each job duty successfully: Assists in managing the administration of all commercial construction loan requests and files, which includes: Reviewing and analyzing the feasibility of commercial construction loan requests, cost to build, debt ratios, cash to close, construction timelines, project/contractor reviews, and third-party reports, Oversees processes for loan documentation, funding and disbursement of construction funds, Performs property inspections during course of construction, and Ensures the safety and soundness of the commercial construction division and the Credit Union. Maintains a strong knowledge of commercial underwriting practices including loan analysis, credit history, industry knowledge, risk mitigation, financial and cash flow analysis, and internal policies and procedures. Monitors the commercial construction loan portfolio and informs management, including MACU Loan Committee, of issues that arise during the construction process that could negatively impact the ability to secure long term financing. Partners with commercial loan officers in presenting complex commercial construction loan and modification requests in Loan Committee for decision. Ensures all pertinent information is presented to Loan Committee so an informed decision can be made. Works and communicates directly with contractors, builders, inspectors, title companies and borrowers to ensure timely project completion and facilitation of long-term financing. Assists in leading the commercial construction team; has sufficient knowledge and is cross-trained sufficiently to handle all duties in the absence of the construction manager. Trains SBA and commercial loan officers, processors, and underwriters with respect to required documentation of construction loan files. Builds in-depth knowledge of each construction loan relationship understanding strengths and weaknesses of borrower and overall risk to the Credit Union. Ensures compliance with regulatory standards and requirements. Assesses environmental risks. Reviews and understands geo-technical reports. Reviews professional commercial real estate appraisals and understands the three valuation methods used. Working knowledge of the State Construction Registry and its equivalent in the footprint within which the Credit Union operates. Working knowledge of title insurance, endorsements, and settlement statements. Offers the member outstanding service, ease of access, and competitive products. Ensures procedure manuals are kept updated as changes occur.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions. Experience Four years commercial lending or related commercial experience in a progressive financial setting, working in a lending setting preferred. Education Bachelor’s degree from an accredited institution in business, marketing, finance, economics or related field OR an additional 2 years combined progressive experience in a business/commercial lending setting. Experience with construction lending preferred. Managerial Responsibility Has no supervisory/managerial responsibilities. Computer/Office Equipment Skills Advanced skills with Microsoft Office Suite including Outlook, Word, and Excel. Experience with financial reporting or tax analysis software preferred. Experience with loan origination systems preferred. Experience with loan documentation software preferred. Language Skills Must have the ability to read and interpret documents such as safety rules, operating maintenance instruction, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of employees, members, or clients. Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations. Demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization. Strong writing and grammatical skills relating to preparing credit memos, addendums, memorandums, and all forms of written communication.

Other Skills and Abilities

Ability to adeptly gauge the merits of a commercial construction loan request, the ideal structure and whether there are enough strengths to mitigate expected weaknesses to a degree satisfactory to MACU. Ability to work both autonomously and collaboratively in a fast-paced environment. Willingness to be accountable and take ownership of assigned roles and responsibilities. High level of coordination, organization, planning, and prioritization of work, and management of one’s own time in a fast-paced environment. Adaptive to change, responds positively to altered circumstances or conditions. Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc. Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies. Knowledge of rules, requirements and regulations from governing bodies (NCUA, CFPB, et al), specifically with respect to commercial construction. Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.).

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands Ability to sit, talk and hear consistently Ability to stand, walk, and use hands to handle or reach occasionally Vision Requirements Close vision (clear vision at 20 inches or less) Distance vision (clear vision at 20 feet or more) Weight Lifted or Force Exerted Ability to lift up to 10 pounds occasionally Environmental There are no unusual environmental factors (such as a typical office) Noise Environment Moderate noise (business office with computers and printers, light traffic #LI-FW1 #indgen Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.

Follow @MountainAmericaLife on Facebook and Instagram to see why our team members love working at Mountain America! Mountain America Credit Union is one of the foremost financial institutions in the country, with more than 95 branches located in 5 states (Utah, Idaho, Nevada, Montana, and Arizona). We believe that a healthy balance between work, home life, and play is essential to our team members and our success. We offer a friendly, comfortable and inclusive work environment, fun employee activities and exciting charity events to ensure that no day is dull at Mountain America. Our purpose is to help members enjoy a good life by providing them a positive incentive to save and manage their finances. We also give members easy access to their accounts and allow them to control their funds in a variety of ways, including ATMs, online home banking, mobile banking, direct deposit, automatic payment options and access through a large branch network. When making decisions, we always put members' needs first. It's just the way we do business and a part of the "people helping people" philosophy of credit unions.