Commercial Monitoring Analyst

Responsibilities:

• Work with Commercial Lending Teams to coordinate Plan & Cost review engagements with bank-approved engineers. Educate team members on the process.
• Maintain Construction Funding documentation folder.
• Assist Loan Administration Manager with collection of documentation requirements for Construction funding and ensure that all required documents (Construction Budget, executed GC Contract, Building Permit(s), Building Loan Agreement, Builder’s Risk Insurance, Fee Debit Authorization) are consistent with loan approval and Bank construction requirements prior to funding.
• Schedule monthly Site Inspections with Engineer for funding requests.
• Assist Loan Administration Manager with the review of Monthly Site Inspection Reports and determine if funding request is appropriate as per Site Inspection Report and that Retainage hold back conforms to Building Loan Agreement. Review loan balance and project budget for each funding request to ensure sufficient loan balance to complete project prior to forwarding to Relationship Manager for approval.
• Order Title Continuation Report with Attorney and/or Title Agency prior to funding. Ensure Title and Tax Continuations are up to date and obtain evidence of satisfaction for Audit file, as needed. Escalate any discrepancies and Title Lien issues to the Relationship Manager and Loan Administration Manager for further resolution.
• Review and perform monthly reconciliation of construction loan balance as reported in Fiserv-Premier. Work with Loan Operations to resolve any discrepancies.
• Review and provide monthly reporting of Construction Loans and Land Loans, line usage and project progress to Senior Management and Credit Risk.
• On-going monitoring of Builder’s Risk Insurance requirements and updated Permits to ensure compliance with Building Loan Agreement.
• Identify potential risks with construction progress and report to Commercial Lending Team, Senior Management and Credit Risk.
• Support the development of Construction lending policies and procedures for the Commercial Lending Teams.
• Upload Plan & Cost Review Report and Invoice to Sageworks and clearance of Workflow steps in Sageworks.
• Submit Plan & Cost review invoice to Accounting and Accounts Payable for payment processing.
• Upload construction advances, Title Continuation Report, Monthly Site Inspection Report and supporting documentation for Soft Cost funding to Sageworks.
• Schedule Business Valuation and Field Exams with bank-approved vendors.
• Coordinate fee collections for Site Inspection Invoices.
• Assist Borrowing Base Team with monitoring of Borrowing Base collateral documentation, unused Line Fee calculations and compilation of Borrowing Base Trends.
• Manage Car Loan Lease funding draws and monitor Lien releases and Titles.
• Assist in Delayed Term Loan and Healthcare Earn-out draws and monitor loan balances.
• Perform additional duties as assigned.

Qualifications:

• Minimum three years’ experience in Loan Operations, Construction funding, Asset Based funding or similar experience in Financial Services.
• Bachelor’s degree in Business Administration or Finance preferred.
• Knowledge of Sageworks or related platform preferred.
• Strong written and verbal analytical, interpersonal and communication skills.
• Strong organizational skills and attention to detail.
• Ability to prioritize and manage multiple tasks and meet time deadlines.
• Proficient in Microsoft Excel and Word.