Location :
800 Philadelphia Street
Indiana, PA 15701
Hours:
Monday - Friday 8:00AM-5:00PM
(Additional hours as necessary to meet the objectives of the department)
Function :
Assumes responsibility for complex activity of Commercial Construction Loan monitoring, and portfolio risk management. Ensures the timely processing of construction loan closings and monthly advance requests, monitors collateral positions, and project status conditions to ensure projects financed remain on schedule and within the approved budget providing a high level of customer service and support.
Duties and Responsibilities :
Provides support to CCAM Manager with overseeing the review of credit approvals, construction due diligence items and loan documentation to ensure transaction complies with Bank policy and procedures for large, complex commercial construction loans.
Responsible for adhering to Key and Secondary SOX Controls pertaining to the engagement of independent site consultants, building, and maintaining a detailed project budget, and securely disbursing loan draws per the borrower’s funding instructions.
Reviews and approves funding of monthly construction draw request advances while adhering to CCAM policy and procedures.
Provides a high level of customer service and support, and completing special projects as requested.
Responsible and accountable for identifying potential portfolio risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
Maintains databases and files for Commercial Construction loan budgets, Site Summary Reports for loan adequacy, project timelines, interest reserves and absorption rates during the construction draw period.
Coordinates and engages third party inspections and Plan, Cost & Documentation Reviews by professional engineering consultants from the Bank’s approved list. Reviews results, and discusses variances with engineer and utilizes report to decision construction loan disbursements.
Maintains a good working relationship with bank employees. Demonstrates strong interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department, and in turn the organization.
Utilizes the bank’s credit underwriting, approval, and workflow system, nCino, to track loan status, verify pre-funding documentation and approve initial funding.
Education:
Requires a four-year degree or equivalent.
Experience:
Requires one to two years general business experience.
Physical Demands:
This work can be performed at multiple locations. Operates a keypad device 90-100%, operates electronic equipment 70-80% of the day. Primary parts of the body involved include fingers, thumb, hand. Sitting 80-90% of the day. This work can be performed with reasonable accommodations.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Salary Range:
$48,000.00 - $115,500.00
