Commercial Construction Funding Analyst

Johnson Financial Group; Madison (WI); On-site; USD 65,000 - 95,000; Full time

Job summary

Johnson Financial Group in Madison, WI seeks a Commercial Construction Funding Analyst to monitor and service CRE construction and rehab loans from initiation to completion. You’ll ensure on-time delivery and budget adherence per credit approvals, communicating issues to RMs and managers.

Role requires strong communication, teamwork, and a Bachelor’s degree in a related field. Internal growth opportunities may apply, with a focus on accurate recordkeeping and ongoing loan tracking.

Qualifications

• Bachelor’s degree in business, real estate, accounting, or finance.
• Excellent verbal and written communication skills.
• Ability to work independently and as part of a team.

Responsibilities

• Oversee construction loan cost review and closing.
• Analyze budgets against funds and monitor for changes.
• Ensure disbursements align with budget and completion timing.
• Review loan documents to confirm underwriting and disbursement requirements.
• Coordinate with Relationship Manager, Borrower and Contractor for timely closings.
• Maintain internal records of disbursements and loan status.
• Provide monthly reporting on CRE construction projects in process.

Skills

Interpersonal skills

Verbal and written communication

Teamwork

Education

Bachelor’s degree in business, real estate, accounting, finance

Job description

Overview

The Commercial Construction Funding Analyst ensures Commercial Real Estate Construction and Rehabilitation loans are properly monitored and serviced through the entire construction process, so projects are completed on time, within budget and in accordance with the credit approval. During the monitoring process, Construction Funding Analyst provides communication to RMs and the Commercial Construction Funding Manager of any issues that may be identified with a construction loan (i.e. Change Orders, Loan Out-Of-Balances, Construction Delays, etc).

KEY RESPONSIBILITIES

Oversee Construction loan cost review and closing.

• Analyze budgets against sources and uses of funds to identify exceptions to or changes in standard monitoring requirements.
• Assess compliance with loan approval and documentation to ensure loan disbursements are within budget and timeframe for completion.
• Review relevant construction loan documents to determine requirements are being met during underwriting, closing and disbursement.
• Attend meetings in person or virtually and work closely with the Relationship Manager, Borrower and at times General Contractor to ensure timely and appropriate closing and ongoing monitoring requirements are established.
• Set up and maintain internal recordkeeping of disbursement and progress.
• Proactively monitor and document status of loan.

Construction Draw Administration

• Review draw requests for completeness and accuracy, including A1A’s, 3rd party on-site inspection reports, lien waivers and soft cost invoices.
• Responsible for ongoing monitoring of the construction loan budget against bank records to ensure loan remains in balance. This includes such items as interest reserves, project contingency, and soft costs.
• Coordinate inspection of the project with the 3rd Party Inspectors. Participate in on-site inspections as time permits.
• Coordinate timely processing of construction loan disbursements, obtain appropriate levels of approval as necessary.
• Ensures all disbursement documents are assembled and maintained for each Client.
• Responsible for monthly reporting of all commercial real estate construction projects in process, in addition to an overview of loans in the pipeline.

Customer Service

• Responsible for maintaining strong working and communicative relationship with both internal and external business partners (i.e. Borrowers, Relationship Managers and Third Party Service Providers).
• Maintain alliance with all areas of the Bank to provide excellent customer service.

Job Requirements - Education, Knowledge and Skills

• Minimum of Bachelor’s degree in business, real estate, accounting, finance or a combination of experience and education.
• Excellent interpersonal skills with the ability to effectively communicate verbally and in writing.
• Ability to work both independently and as part of a team.
• Levels of experience are considered to be a minimum for external candidates.
• Internal candidates without the preferred level of experience may be considered based on performance.

Come as you are.

Our culture embraces diversity, equity, & inclusion; one where everyone feels valued and heard. For more information on JFG's culture and diversity efforts, including our employee resource groups, please visit the Diversity section of our career website.