Regions Bank
Construction Monitoring Analyst- CBG Operations
Regions Bank, Atlanta, Georgia, United States, 30383
Overview
Thank you for your interest in a career at Regions. Regions believes associates deserve more than just a job and that performance-driven individuals can build a lasting career with opportunities to grow. If you are results-focused and value quality, strength and integrity, Regions may be the employer for you. Regions is dedicated to safeguarding private and personally identifiable information submitted for job opportunities. Such information will be stored and used to evaluate qualifications in accordance with regulatory requirements and Regions’ retention schedule, for a minimum of three years. You may review or update your information by logging into the careers section of the system. Job Description
At Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank’s footprint. Primary Responsibilities
Reviews construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issues.
Reviews construction loan requirements in underwriter's approval with the field to ensure compliance with policy.
Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects.
Works with the Credit Products and Loan Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to loan closing.
Evaluates and approves draw requests, ensuring all required documentation is submitted and acceptable per Regions' construction loan policy and Real Estate Banking Advisor guidelines.
Assists with questions and collaborates with senior analysts on issues arising in the field during construction; coordinates with the Relationship Team and Credit Products until resolution.
Creates and maintains a sources and uses worksheet reflecting a balanced budget throughout the construction project, including hard and soft costs, budget reallocations, and change orders.
Reconciles contractor draw requests in conjunction with available loan funds.
Partners with other lenders in agent and non-agent projects.
Assigns and manages approved third-party construction consulting inspection firms.
Maintains relationships with third-party partners, such as title contacts and inspectors, throughout the project; completes scorecards as needed post-project completion.
Secures all required final construction completion documents at project completion and verifies that there are no outstanding issues.
Assists with training and mentoring new construction loan monitoring analysts.
Partners with one or more of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management.
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. Requirements
Bachelor’s degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience, or
High School Diploma or GED and five (5) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, 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.
Advanced knowledge of Microsoft Excel.
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:
$64,963.80 USD Median:
$77,750.00 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 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 copy the link below to your browser:
https://www.regions.com/about-regions/welcome-portal/benefits Location Details Riverchase Complex North Building Location: Hoover, Alabama Equal Opportunity Employer/including 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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Thank you for your interest in a career at Regions. Regions believes associates deserve more than just a job and that performance-driven individuals can build a lasting career with opportunities to grow. If you are results-focused and value quality, strength and integrity, Regions may be the employer for you. Regions is dedicated to safeguarding private and personally identifiable information submitted for job opportunities. Such information will be stored and used to evaluate qualifications in accordance with regulatory requirements and Regions’ retention schedule, for a minimum of three years. You may review or update your information by logging into the careers section of the system. Job Description
At Regions, the Credit Products Construction Loan Monitoring Analyst is responsible for managing risk related to all commercial construction loan projects from the various lines of business throughout the Bank’s footprint. Primary Responsibilities
Reviews construction contracts and other construction-related documents to ensure compliance with policy and identify any relevant or outstanding issues.
Reviews construction loan requirements in underwriter's approval with the field to ensure compliance with policy.
Serves as a subject matter expert for the field, advising on all aspects of commercial construction projects.
Works with the Credit Products and Loan Fulfillment teams to obtain, review, and approve all required preliminary construction documentation prior to loan closing.
Evaluates and approves draw requests, ensuring all required documentation is submitted and acceptable per Regions' construction loan policy and Real Estate Banking Advisor guidelines.
Assists with questions and collaborates with senior analysts on issues arising in the field during construction; coordinates with the Relationship Team and Credit Products until resolution.
Creates and maintains a sources and uses worksheet reflecting a balanced budget throughout the construction project, including hard and soft costs, budget reallocations, and change orders.
Reconciles contractor draw requests in conjunction with available loan funds.
Partners with other lenders in agent and non-agent projects.
Assigns and manages approved third-party construction consulting inspection firms.
Maintains relationships with third-party partners, such as title contacts and inspectors, throughout the project; completes scorecards as needed post-project completion.
Secures all required final construction completion documents at project completion and verifies that there are no outstanding issues.
Assists with training and mentoring new construction loan monitoring analysts.
Partners with one or more of the following segments: Commercial Banking, Real Estate Banking, Real Estate Corporate Banking, Regions Equipment Finance, Specialized & Diversified Industries, Commercial Banking Credit Services, Capital Markets, and Problem Asset Management.
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. Requirements
Bachelor’s degree and three (3) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, or related commercial banking experience, or
High School Diploma or GED and five (5) years of previous real estate underwriting, construction loan disbursement, loan fulfillment, 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.
Advanced knowledge of Microsoft Excel.
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:
$64,963.80 USD Median:
$77,750.00 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 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 copy the link below to your browser:
https://www.regions.com/about-regions/welcome-portal/benefits Location Details Riverchase Complex North Building Location: Hoover, Alabama Equal Opportunity Employer/including 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.
#J-18808-Ljbffr