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GENERAL DESCRIPTION OF POSITION
The Sr Commercial Real Estate (CRE) Construction Loan Administrator is responsible for assisting the CRE Construction Manager in leading and mentoring CRE Construction Loan Administrators. They will work with the team to ensure loan portfolio assignments are handled by the appropriate CRE Loan Administrator, including: construction loan processing, pre- and post-closing file review, loan documentation tracking, and daily transaction verifications. They will also provide guidance and assistance in resolving complex problems of the CRE Construction Loan Admin Team. They are also responsible for handling loan administration for an assigned CRE construction loan portfolio.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Delegate and monitor tasks, assignments, production and attendance of CRE Construction Loan Administrators in collaboration with the CRE Construction Manager.
Coordinate and communicate with CRE Construction Manager to assign loans to CRE Construction Specialists.
Assist in daily supervision of the CRE Construction Loan Administration team at the Ft. Lauderdale location to coordinate staff schedules, parking, and office access with oversight from the CRE Construction Manager.
Obtain, coordinate, review, and track all documentation from the borrower and third party vendors. This includes front end project analyses, inspections, draw request processing, budget oversight, monthly loan payments and contractual required documentation.
Regularly review, analyze, and process draw requests, budget reallocations, review progress inspection reports, and coordinate funding with internal departments.
Assemble and maintain construction loan documentation and files, collaborating with CRE Construction Specialists to ensure compliance with institutional and regulatory policies and procedures.
Monitor loan payments, tax payments, insurance policies, vendor invoices, and lien process to ensure proper and timely payment.
Review commitment letters, underwriting files, escrow analysis, closing statements, loan agreements, and pre and post-closing documents for accuracy.
Identify critical risks through careful analysis of submitted documentation through construction completion.
Prepare and distribute appropriate funds control and disbursement packages from vendors accords to applicable interdepartmental procedures.
Facilitate requests from loan officers, vendors, and project participants regarding status and schedule of all processes and site visits.
Responsible for all project file maintenance, including loan documentation management, imaging, and reporting.
Utilize reports to monitor and update project status in bank systems.
Participate in department wide events, projects, and initiatives as assigned.
Serve as back-up for CRE Construction Manager.
Provide exception approvals to CRE Construction Loan Admin I & II based on project request including legal requirements and risk tolerance.
The ability to work in a constant state of alertness and in a safe manner.
Complete required BSA/AML training and other compliance training as assigned.
Perform any other related duties as required or assigned.
To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 7 years related experience and/or training, and 5 years related management experience, or equivalent combination of education and experience.
Ability to read and understand documents such as policy manuals, safety rules, operating and maintenance instructions, and procedure manuals; Ability to write routine reports and correspondence. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.
CRITICAL THINKING SKILLS
Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.
REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS
PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS
SOFTWARE SKILLS REQUIRED
Advanced: Contact Management, Spreadsheet
Basic: 10-Key, Accounting, Alphanumeric Data Entry, Presentation/PowerPoint, Word Processing/Typing
Periodically exposed to such elements as noise, intermittent standing, walking, occasionally pushing, carrying, or lifting; but none are present to the extent of being disagreeable.
The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work environment is usually moderate.
The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.
Semi-repetitive, low physical. Semi-repetitive type work which requires periods of concentration for varied time cycles as prescribed by the tasks.
While performing the functions of this job, the employee is continuously required to reach with hands and arms; regularly required to talk or hear; frequently required to sit, use hands to finger, handle, or feel; and occasionally required to stand, walk, climb or balance, stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision; distance vision; color vision; and ability to adjust focus.
WE OFFER: Competitive Salaries Paid holidays and vacation 401K Plan Health Insurance • Home BancShares, Inc. is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, veteran status, family or marital status, gender identity or expression, or any other characteristic protected by law. • EEO/AA/Veteran/Disabled/F/M
Required Education and Experience:
- 7+ years of proven commercial real estate loan closing, asset management, loan administration and/or underwriting experience
- 3+ years of management or supervisory experience
Preferred Education and Experience:
- 10+ combined years of proven loan administration, loan operations, credit operations and/or underwriting experience
- 5+ years of experience with commercial construction loan administration
- Basic understanding of financial institution products and services
- Knowledge of general banking operations to include an understanding of the loan function
- Knowledge of current state and federal loan documentation regulations
- Excellent time management skills and the ability to organize and manage multiple priorities
- Strong analytical, organizational, and verbal and written communication skills
- Able to interact with all levels of personnel
- Ability to be a team player
- Proficiency with personal computers as well as related software packages, loan information systems and internet applications
Internal Number: SRCRE04793
About Centennial Bank
Centennial Bank is a customer focused bank that provides a broad range of commercial and retail banking and related financial services to businesses, investors, individuals and municipalities. Centennial Bank has locations in Arkansas, Florida and South Alabama. We pride ourselves on excellent customer service, convenience to our account holders and taking care of the communities in which we operate.
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