Construction Loan Analyst

Ascendo Resources; New York (NY); On-site; USD 65,000 - 75,000; Full time

Benefits offered by this job

Medical insurance

Vision insurance

401(k)

Job summary

Ascendo Resources is seeking a Construction Loan Analyst in Bronx, NY. The role involves analyzing and processing construction loans, ensuring documentation accuracy, and monitoring budgets. Ideal candidates will hold a degree in business or finance and possess strong organizational and communication skills.

Qualifications

• B.S. or B.A. degree in business, finance, or equivalent.
• 3+ years of related experience preferred.
• Knowledge of bank operating policies impacting lending.

Responsibilities

• Reviews signed loan documentation for consistency.
• Ensures accuracy of loan data and tracks missing documentation.
• Monitors project budget adequacy and informs management of reallocations.

Skills

Communication

Organizational skills

Interpersonal relations

Knowledge of lending regulations

Mathematics skills

Education

B.S. or B.A. degree in business or finance

Tools

Microsoft Office

Loan processing software

Job description

1 day ago Be among the first 25 applicants

This range is provided by Ascendo Resources. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$65,000.00/yr - $75,000.00/yr

Direct message the job poster from Ascendo Resources

Construction Loan Analyst - Bronx, NY

About the Role

Analyzes, organizes, initiates, and processes the setup and maintenance of construction loans.

Responsibilities

• Reviews signed loan documentation on new construction loans for consistency with loan approval.
• Ensures accuracy and integrity of loan data: set-up information, including all necessary codes and risk rating assignments; makes corrections as necessary.
• Tracks missing loan documentation and communicates with the appropriate internal and external contacts for resolution.
• Prepares credit facility memorandums as needed.
• Assist with pre-screening of prospects, and maintain all prospect documentation and files.
• Secures documents for construction requisitions and loan documents for adherence to contractual obligations.
• Assists with disbursements on construction loans to include ordering title rundowns, inspections, and determine available funds for disbursement based upon bank policy.
• Prepare documentation for advances on lines of credit.
• Monitors project budget adequacy.
• Informs Construction Lending Manager of needed budget reallocations.
• Works with auditors providing documentation and loan files.
• Secures and prepares new construction loan applications.
• Tracks UCC financing statements and files continuations as needed.
• Maintains working knowledge of NYS contractor and lending laws.

Qualifications

• B.S. or B.A. degree in business, finance, or equivalent; specialized construction lending education and training.

Required Skills

• Clearly communicates in English;
• Proficient reading, writing, grammar, and mathematics skills;
• Proficient interpersonal relations;
• Knowledge of lending regulations and documentation requirements;
• Knowledge of bank operating policies and procedures which impact lending;
• Knowledge of all features and benefits related to lending products and services;
• Organizational skills with the ability to multitask;
• Moderate PC skills, including Microsoft Office and loan processing software.

Preferred Skills

• A minimum of 3+ years’ experience in related experience normally required.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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