Job Information
Regions Bank Credit Products Construction Loan Monitoring Analyst in Hoover, Alabama
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.
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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 issues
Review construction loan requirements in underwriter's approval with the field, to ensure compliance with policy
Work in conjunction with the Credit Products and Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to the loan closing
Evaluate and approve draw requests, ensuring that all required documentation is submitted and acceptable, per Regions' construction loan policy and Real Estate Banking Advisor guidelines
Assist with questions, and work with senior analysts regarding issues that arise in the field during construction; facilitating with Relationship Team, and Credit Products until resolved
Create and maintain sources and uses worksheet reflecting a balanced budget throughout the construction project; including hard and cost soft costs, budget reallocations, and change orders
Reconcile contractor draw requests in conjunction with available loan funds
Partner with other lenders, in agent, and not agent projects
Assign and manage approved 3rd party construction consulting inspection firms
Maintain relationships with third party partners, such as title contacts and inspectors, throughout project; complete scorecards as needed post project completion
Secure all required final construction completion documents at project completion, and verify that there are no outstanding issues
Partner 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 degree
OR 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 skills
Highly organized, detail-oriented, with ability to manage multiple projects under sensitive time constraints
Strong analytical and problem solving skills
Excellent time management
Strong 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. (https://www.regions.com/about-regions/benefits/benefits-eligibility) 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 Time
401K with Company Match
Medical, Dental and Vision Benefits
Disability Benefits
Health Savings Account
Flexible Spending Account
Life Insurance
Parental Leave
Employee Assistance Program
Associate 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 Details
Riverchase 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.