Job DescriptionAt Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank's footprint.Primary ResponsibilitiesReviews construction contracts and other construction‑related documents to ensure compliance with policy and identify any relevant or outstanding issuesReviews construction loan requirements in underwriter's approval with the field to ensure compliance with policyServes as a subject matter expert for the field, advising on all aspects of commercial construction projectsWorks in conjunction with the Credit Products and Loan Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to the loan closingEvaluates and approves draw requests, ensuring that all required documentation is submitted and acceptable, per Regions' construction loan policy and Real Estate Banking Advisor guidelinesAssists with questions and works with senior analysts regarding issues that arise in the field during construction; facilitating with the Relationship Team and Credit Products until resolvedCreates and maintains sources and uses worksheet reflecting a balanced budget throughout the construction project; including hard and cost soft costs, budget reallocations, and change ordersReconciles contractor draw requests in conjunction with available loan fundsPartners with other lenders, in agent, and not agent projectsAssigns and manages approved third party construction consulting inspection firmsMaintains relationships with third party partners, such as title contacts and inspectors, throughout project; completes scorecards as needed post project completionSecures all required final construction completion documents at project completion, and verifies that there are no outstanding issuesAssists with training and mentoring new construction loan monitoring analystsPartners with one (1) or more of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset ManagementRequirementsBachelor's degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experienceHigh School Diploma or GED and seven (7) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experienceSkills and CompetenciesAdvanced knowledge of Microsoft ExcelDemonstrates strong interpersonal, verbal, and written communication skillsExcellent time managementHighly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraintsStrong analytical and problem solving skillsCompensation DetailsPay ranges are job specific and are provided as a point‑of‑market reference for compensation decisions. Other factors which directly impact pay for individual associates include experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.Job Range TargetMinimum: $65,805.30 USDMedian: $78,760.00 USDIncentive Pay PlansThis job is not incentive eligible.Benefits InformationPaid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramLocation DetailsRiverchase Complex North BuildingLocationHoover, AlabamaEqual Opportunity Employer/including Disabled/Veterans#J-18808-Ljbffr
