Job Type: Full Time
Location: Bonita Springs
Department: Commercial Real Estate
Job Description
Position Summary:
Responsible for originating, underwriting and servicing sound commercial real estate loans; participating in establishing specific goals for the department.
Qualifications Required:
Bachelor’s degree in Finance, or related field; or an equivalent combination of education and work experience
10 years commercial real estate loan portfolio management and/or equivalent experience underwriting for and placing loans with institutional investors
Strong credit underwriting skills
Knowledge of appraisal practices, basic real estate law, contracts, legal document terminology pertaining to real estate, title insurance laws, banking regulations, policies and procedures
Adept at underwriting residential and commercial projects both on a construction and permanent basis
Sales or business development background
Working knowledge of commercial real estate
Ability to work in a team environment as a role player and leader
Strong computer skills (MS Office, etc.)
High degree of attention to detail and ability to multitask
Essential functions and responsibilities:
Valid Driver’s License
Analyzes and screens loan requests on all types of commercial real estate loans
Interviews applicants and obtains necessary financial information
Packages loans as required and recommends terms and conditions of loan
Develop and maintain existing and new client relationships with commercial real estate developers and investors
Coordinate closing of real estate loans, communicating with borrower, attorneys, title representatives, and construction consultants to assure the loan is closed and documented in accordance with the credit approval.
Analyze and fund construction loan advance requests and appropriate back up documentation as presented by the customer, including construction inspection reports, title bring downs, and other relevant construction documentation; focusing on construction related risk, budget adequacy, and adherence to loan documentation, takeout agreement and lease requirements.
Monitor loan portfolio and assist in reporting of various loan quality measurement including: tracking insurance, monitoring interest reserves, exception tracking, preparing reports, and ongoing review of expiring loan extensions
Perform frequent site inspections on active construction sites and routine inspections
Collect and analyze operating statements, financial information, rents and leases
Evaluate the client’s requirements and provide optimal solutions, recommending terms and conditions of potential loans
Design, modify and recommend program procedures that will attract quality construction and land development loans
Report and advise senior management of current lending trends, rates, and competitive programs in the market
Coordinate loan servicing with the department’s processors
Monitor compliance with consumer protection issues and regulations, ensuring that the processing and handling of all customer information and confidential bank information is done in a secure manner
Demonstrates and promotes Meridian Bank’s Core Values: Our Partners, Our People, Our Bank and Our Communities
Organizes, schedules, and distributes work among assigned employees
Informs assigned employees of pertinent policies and procedures
Creates an environment in which upward communication from employees is encouraged
Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the work place
Communicates with management, other supervisors and employees in order to integrate goals and activities
Other duties as assigned
Success factors/job competencies:
Excellent verbal and written communication skills
Strong problem solving and analytical skills
Leadership Skills
Highly motivated self-starter
Consistently visible and demonstrates leadership competencies
Managing Upward
Actively seek coaching
Ability to learn and adapt quickly to new situations
Strong organizational and time management skills
Ability to define problems and propose solutions
Relationship management skills and ability to interface confidently with associates of all levels, including senior executives, business unit and department heads
Physical demands, work environment, and location:
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the necessary functions. This is a largely sedentary role, requiring the use of typical office equipment such as a computer, laptop and cell phone. Most work is completed in an office environment.
Work environment: The noise level in this environment is minimal
Location: Various Meridian location(s) as assigned including but not limited to the following job-related travel requirements: Customer/Client locations, work events, charity events, loan closings and site visits, etc.
Equal Opportunity Statement
Meridian Bank supports a diverse workforce and is an Equal Opportunity Employer
Performance standards:
Annual review
