Credit Products Construction Loan Monitoring AnalystAt Regions, the Credit Products Construction Loan Monitoring Analyst manages 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 underwriting-approved construction loan requirements with field teams to ensure adherence to established policies and proceduresServes 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 guidelinesSupports senior analysts in resolving construction-related field issues by coordinating with the Relationship Team and Credit Products through resolutionCreates and maintains sources and uses worksheets 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 on both agent and non-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 and Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset ManagementThis position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.RequirementsBachelor's degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experienceOr High 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 the ability to manage multiple projects under sensitive time constraintsStrong analytical and problem solving skillsThis role will require onsite work 4 days per week out of our office in either Hoover, AL, Atlanta GA, or Charlotte NC.Position TypeFull timeCompensation 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.The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.Job Range Target:Minimum: $65,805.30 USDMedian: $78,760.00 USDIncentive Pay Plans:This job is not incentive eligible.Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer ProgramPlease note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time.Location DetailsRiverchase Complex North BuildingHoover, AlabamaEqual Opportunity Employer/including Disabled/Veterans
