Senior Construction Loan Portfolio Leader

Fifth Third Bank; Grand Rapids (MI); On-site; USD 97,000 - 208,000; Full time

Job summary

Fifth Third Bank in Rosemont, IL is seeking a Senior Construction Loan Portfolio Manager to lead risk assessment and administration of complex commercial construction loans. You will review contracts, budgets and draws, coordinate with lenders, borrowers, and inspectors, and ensure lien-free collateral and policy compliance.

You will mentor junior staff, provide guidance to LOB and Credit Partners, and manage disbursements while maintaining risk controls and timely reporting.

Qualifications

• 5+ years of credit analysis and/or loan review experience, preferably commercial construction.
• 10+ years of closing and administering complex commercial construction loans.
• Proven ability to identify construction risks.
• Clear and articulate oral and written communication skills.
• Requires a solid understanding of internal operation functions and commercial real estate lending.
• Skilled in problem solving and customer service.
• A self starter with the ability to work in a deadline driven environment and multi task with excellent attention to detail.
• Must be strongly proficient in basic software applications such as Microsoft Word and Excel.

Responsibilities

• Review General Contractor, Architect/Engineer agreements, construction budgets and loan agreement to ensure bank’s construction policy and procedures are adhered and align with approval.
• Responsible for coordinating the review and resolution of any issues identified in the third-party plan, spec and cost reports as well as coordination of Bank’s Consultant’s for monthly draw requests.
• Review budgets to confirm all sources of funds such as equity and loan commitment, are sufficient to complete the project. Monitor changes by line item in the project budget and contractor payment applications and pursue explanations to budget changes and determine if changes are acceptable.
• Escalate any out of balance situations to LOB and Credit Risk partners.
• Approve commercial construction loan disbursements for all types of commercial construction projects originated by all LOBs.
• Mentors and develops more junior team members and partners

Skills

Credit analysis

Loan review

Construction risk

Communication skills

Problem solving

Attention to detail

Excel proficiency

Word proficiency

Education

Degree in Business or Accounting

Tools

Bank internal applications

Microsoft Word

Job description

Fifth Third Bank in Rosemont, IL is seeking a Senior Construction Loan Portfolio Manager to lead risk assessment and administration of complex commercial construction loans. You will review contracts, budgets and draws, coordinate with lenders, borrowers, and inspectors, and ensure lien-free collateral and policy compliance.

You will mentor junior staff, provide guidance to LOB and Credit Partners, and manage disbursements while maintaining risk controls and timely reporting.