5-8 years of experience in construction loan administration or a related field.
Bachelor's degree in Business Administration, Finance, Accounting, Construction Management, or related area.
Familiarity with mechanic's lien rights and AIA model contracts and forms.
Experience with draw schedules and subcontractor billing practices.
Knowledge of relevant regulations such as FIRREA and BSA.
Responsibilities
Oversee daily activities in the Construction Loan Administration department, ensuring effective assignment of duties and project oversight.
Manage underwriting and draw processing for commercial construction projects, including land development and large-scale renovations.
Administer credit risk management processes for residential homebuilder portfolios, ensuring regulatory compliance.
Analyze market trends and risks using third-party data sources to inform decision-making in homebuilding.
Review and approve loan draw exceptions, collaborating with the VP of Credit Administration as needed.
Compile and report performance metrics related to portfolio productivity and profitability to senior management.
Benefits
Collaborative work environment with a focus on operational efficiency and growth.
Opportunities to impact construction lending processes at a strategic level.
Access to industry-leading research and data for market analysis.
Support for professional development and continuing education in construction finance.
Full Job Description
We are currently seeking an AVP of Construction Loan Administration to join our organization. As the AVP Construction Loan Admin, you will lead construction teams responsible for administering the residential homebuilder and commercial construction lending programs to ensure effective coordination of underwriting, documentation, origination, draw processing, and project monitoring. You'll manage credit and funding risk for the residential homebuilder portfolio and direct funding control processes for commercial projects, while collaborating with stakeholders to mitigate risk and ensure an excellent experience for construction projects. With the VP Business Services, you will also aide in developing processes, procedures, and systems to increase operational efficiency, and sustain growth.
What You'll Do:
Oversee, coordinate, and assist in the daily activity of the Construction Loan Administration department to include assignment of duties and special projects, monitoring workload and productivity, planning and prioritization, problem resolution, and develops recommendations for change or improvement.
Provide oversight of underwriting, origination, draw processing and project monitoring for commercial construction loan programs, including financing for land development, infrastructure, subdivision, ground-up construction, large-scale renovation projects, Small Business Administration (SBA) 504 financing, and for home construction lending programs, including committed and uncommitted master guidance lines for homebuilders and specialty residential construction loan products.
Oversee administration and credit risk management for the residential homebuilder portfolio, monitoring master guidance line exposure to ensure compliance with approved loan structures, commercial loan policy, and applicable regulations from the National Credit Union Administration (NCUA) and other agencies.
Monitor market trends and risks impacting the residential homebuilding industry using third-party data sources such as IBISWorld, CoStar, and publications from homebuilder industry associations, realtor associations, universities, and research centers.
Review and approve exceptions in the processing and funding of residential construction loan draws or escalate exceptions for approval in collaboration with the VP of Credit Administration.
Monitor, compile, analyze, and report to senior management on the overall performance, productivity, risk, and profitability of the residential homebuilder portfolio.
What You'll Need:
Five years to eight years of similar or related experience
Bachelor's degree in Business Administration, Finance, Accounting, Construction Management, or related field
Key Skills and Experience:
Experience in mechanic's lien rights, Power BI, American Institute of Architects (AIA) model contracts and forms, permitting, draw schedules, and subcontractor and materialmen billing practices
Knowledge of applicable regulations including the Financial Institutions Recovery, Reform, and Enforcement Act (FIRREA), Interagency Appraisal and Evaluation Guidelines, Bank Secrecy Act (BSA), flood insurance, and state-level regulations
