Hoover, AL, USA
4 days ago
Credit Products Construction Loan Monitoring Analyst

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions’ Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

At Regions, the Corporate Loan Fulfillment Construction Monitoring Analyst position is responsible for managing risk related to all commercial construction loan projects, greater than two million, from the various lines of business throughout the Bank's 16-state footprint. 

Primary Responsibilities

Review construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issuesReview construction loan requirements in underwriter's approval with the field, to ensure compliance with policyWork in conjunction with the Credit Products and Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to the loan closingEvaluate and approve draw requests, ensuring that all required documentation is submitted and acceptable, per Regions' construction loan policy and Real Estate Banking Advisor guidelinesAssist with questions, and work with senior analysts regarding issues that arise in the field during construction; facilitating with Relationship Team, and Credit Products until resolvedCreate and maintain sources and uses worksheet reflecting a balanced budget throughout the construction project; including hard and cost soft costs, budget reallocations, and change ordersReconcile contractor draw requests in conjunction with available loan fundsPartner with other lenders, in agent, and not agent projectsAssign and manage approved 3rd party construction consulting inspection firmsMaintain relationships with third party partners, such as title contacts and inspectors, throughout project; complete scorecards as needed post project completionSecure all required final construction completion documents at project completion, and verify that there are no outstanding issuesPartner with one (1) or more of the following segments: Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management

Requirements

Bachelor's degreeOR High School Diploma or  GED with three (3) years previous real estate underwriting, construction loan disbursement, paralending, or related commercial banking experience

Skills and Competencies

Demonstrates strong interpersonal, verbal, and written communication skillsHighly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints           Strong analytical and problem solving skillsExcellent time managementStrong Microsoft Excel skills

This position may be filled at a higher level depending on the candidate’s qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.

Job Range Target:

Minimum:

$45,429.60 USD

Median:

$57,320.00 USD

Incentive Pay Plans:

This job is not incentive eligible.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

Paid Vacation/Sick Time401K with Company MatchMedical, Dental and Vision BenefitsDisability BenefitsHealth Savings AccountFlexible Spending AccountLife InsuranceParental LeaveEmployee Assistance ProgramAssociate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions’ benefits, please click or copy the link below to your browser.


https://www.regions.com/welcometour/benefits.rf

Location DetailsRiverchase Complex North Building

Location:Hoover, Alabama

Bring Your Whole Self to Work  

   

We have a passion for creating an inclusive environment that promotes and values the differences that make each of us stand out as unique individuals and help provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work and thrive is the right thing to do.

   

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans

Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.

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