Construction Loan Specialist IV or III
Construction Loan Specialist IV or III
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Job Description
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Responsible for an assigned portfolio of Commercial Real Estate (CRE) loans that require monitoring administration and servicing through the construction development and/or stabilization phase(s). Administer a portfolio of varying types of construction loans of high complexity.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
1. Perform high complexity activities including all CLSIII responsibilities in addition to more complex budget analysis draw package processing and acceptance of third party vendor reports.
2. Primary account responsibilities for an assigned portfolio of high complexity consisting primarily of commercial construction loans as well as builder lines/borrowing bases and Acquisition & Development (A&D) loans as assigned. Includes duties for construction facilities across multiple lines of business (LOB) which may include Sports and Entertainment structured Real Estate and higher profile clients.
3. Includes direct contact with customers Relationship Mangers Credit Officers contractors inspectors Real Estate Valuation Officers and legal counsel.
4. Assigned operational and decision making authority to review and approve loan funding requests commensurate with the risk and complexity of the portfolio assigned. Reviews internal or constructionspecific project and/or draw documents for compliance to Policy Procedure and any existing approval requirements. Reviews internal or constructionspecific project and/or draw documents for compliance to Policy Procedure and any existing approval requirements.
5. Reviews complex construction budgets provided by the customer General Contractor and others to ensure they are complete accurate and meet bank standards.
6. Updates the Construction Administration system of record with ongoing changes and file maintenance. Administers any internal or external construction administration servicing fees as assigned.
7. Participates in the coaching of junior Construction Specialists in construction administration activities.
8. Perform other duties as assigned.
QUALIFICATIONS
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. High school graduate and/or higher level credits in Business and Accounting or equivalent education and related training.
2. Highly proficient in Microsoft Excel Word and Outlook.
3. Comprehensive analytical and mathematical skills with a basic understanding of accounting principles.
4. Ability to communicate with clients both internal and external tactfully and professionally.
5. 10 years related banking and/or equivalent experience.
Preferred Qualifications:
1. AS or BA degree in a related field.
2. Previous experience with construction documentation or budgets.
3. Demonstrated leadership or managerial qualities.
4. Previous experience as a Construction Loan Specialist III.
General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical dental vision life insurance disability accidental death and dismemberment taxpreferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by fulltime or parttime status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any nontemporary position for which you apply based on fulltime or parttime status position and division of work.
Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.
EEO is the LawPay Transparency Nondiscrimination Provision EVerify
Required Experience:
Unclear Seniority
Employment Type
Full-Time
