Construction Loan Administrator

COMPANY SUMMARY:

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal in 2022 and 2023, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.

POSITION SUMMARY:

Provide support to Portfolio Management and Commercial Lending groups in their daily duties in underwriting, closing, and monitoring existing and proposed credits. Responsible for construction loan monitoring, cannabis loan monitoring, participation management, financial information updates, line of credit monitoring and other related portfolio administrative needs to proactively address risk to the Bank. Perform special projects for the department manager as needed.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Serve as primary contact for the client, builder/general contractor and other related parties throughout the construction period of the loan.

• Review construction report monthly. Follow up for receipt of financials, post-closing items, notices of completion, certificates of occupancy, and other conversion related due diligence items.

• Coordinate all aspects of draw request process including ordering inspections; reconciling the project budget; reviewing AIA forms/draw requests, invoices and related correspondence to calculate draw funding on a per line-item basis; review any reallocations from change orders; obtaining internal approval to fund; coordinating with Loan Servicing for execution of disbursements; and providing confirmation of funding to the client. Work with the RM/PM and client to resolve any potential draw issue.

• Responsible for administrative tracking of all pertinent details relating to the credit facility amongst various spreadsheets. Perform all requests for loan system maintenance and verification of accuracy of records relating to availability, collateral records, payoffs, and fees owed.

• Working with the RM/PM?s to prepare construction modification, extension, conversion or annual review approvals and/or documentation. Assist in loan closings as needed.

• Insurance Monitoring (maintain current insurance policy for all loans in the midst of construction and ensure policy is properly converted at completion).

• Perform lot ?take downs? and coordinate with borrower, title company and attorney as needed.

• Maintain the construction pipeline and keep the team in the loop as to, title company info, when the loan is scheduled to settle, mature, or current draw request status.

• Perform ongoing reviews to monitor covenant compliance, potential cost overruns and assurance of timely completion of the project to secure the Banks collateral. Coordinate compliance issues to ensure waivers are approved or covenant default letters are sent to Borrowers.

• Coordinate the monthly and/or quarterly collection and review/monitoring of the banks MB or MRB loans.

• Complete review of third-party reports including appraisal, environmental, property condition and other reports as necessary.

• Assist in coordination of sale of loans to investors or participating partners and ongoing file sharing.

QUALIFICATIONS AND REQUIREMENTS:

• Bachelor or applicable degree in accounting, finance, or economics preferred, with two plus years of construction management, credit analysis and/or loan review experience, preferably in the banking industry.

• 5+ years of relevant experience can be substituted for the applicable degree.

• Must be organized, detail-oriented and proficient in basic software applications such as Microsoft Word and Excel.

• Strong oral and written communication skills.

• Strong customer service skills.

• Ability to rethink proactively and work independently of supervision.

WORK ENVIRONMENT: We offer a hybrid schedule, with 3 days inoffice and 2 days remote after the initial 90-day period.