Responsible for reviewing construction loan documents in accordance with credit policy requirements for risk management, with responsibility for protecting the Bank's interest through proper documentation, ensuring all approved terms and conditions are properly implemented throughout the administration of the construction loan and the accompanying draws.
Monitors and collects, as necessary, required due diligence items. Coordinates document and funding requests and check for accuracy
Works in partnership with Relationship Managers (RMs) and credit analysts as primary liaison with customers, inspectors and title company representatives as the loan closes and during all phases of construction until the loan matures or until payoff
Works in partnership to review and analyze land surveys, environmental assessments, project reviews and building inspection reports to ensure that all construction draws are funded in accordance with the required guidelines
Maintains loan files and disbursement files with sufficient documentation for third-party review and prepares files for timely audits
Analyzes proposed construction budgets to ensure all appropriate project related costs and sources of funds are identified
Analyzes and reconciles construction draw requests including recommending approval of the funding draws and obtaining all required approvals
Prepares monthly construction draws
Works daily with loan customers via telephone, email and in person
All employees are responsible for internal controls in the performance of their assigned duties. Internal Control responsibilities are established in various policies, procedures, and documents, including the Code of Conduct.
MINIMUM JOB REQUIREMENTS
High School Diploma or GED
2+ years of experience in commercial real estate construction loan administration or related field, including project management/management experience
Advanced knowledge of all operational systems/procedures and construction guidelines and/or services supported by Columbia Bank Commercial Real Estate Services Department
Knowledge of construction industry and construction lending including multi-phased construction and multiple collateral properties
Knowledge of title, escrow, survey and loan documentation preparation Title and escrow experience preferred
Strong organizational and project management skills
Strong computer skills with high level of competency and effective working knowledge using Precision, AccuDraw (or similar construction draw monitoring software), PowerPoint, and Excel, as well as creating links, fillable PDF documents, etc.
Strong technical expertise in construction draw administration functions
Knowledge of commercial real estate finance procedures, documentation, accounting, processes and procedures, and data systems
Well-developed customer relations skills
Excellent verbal and written communications skills
Detail oriented, ability to effectively multi-task and maintain high level of organization
Knowledge of accounting principles and loan accounting systems
Ability to maintain regular and punctual attendance
OUR CORE BEHAVIORS
Be Genuine. Conduct yourself in a consistent, honest and compassionate manner at all times.
Work Ethic. Be willing to go the extra mile for the customer, whether internal or external.
Influence. Be an active player in participating, building and contributing to service.
Continuous Learning. Commit to gaining knowledge, skills and experience on an ongoing basis in order to better serve the customer, increase personal satisfaction and improve Columbia Bank.
Team Play. We win together. Individuality is encouraged to advance and enrich the work of the team.
Problem Solving. Bring creative, problem-solving mentality to every situation. See alternatives, take initiative and assume responsibility for your actions.
Communication. Keep others informed and up-to-date. Actively listen and learn from each other.
Have a sense of community. We firmly believe that we're only as strong as the communities we serve. Your involvement is an important part of who we are.
PHYSICAL AND MENTAL REQUIREMENTS
Ability to sit at a computer monitor for extended periods of time
Ability to perform repetitive finger, hand, and arm movements
Ability to lift up to 15lbs
Ability to effectively discern information and formulate appropriate action
Ability to reach, squat, bend, and manually manipulate standard office equipment
Columbia Banking System, Inc.