Overview
This position provides oversight and administration of the construction loan process for all assigned loans. Collaborates with internal stakeholders to define monitoring requirements, engages third-party inspectors and title agents as needed, and reviews all documentation to ensure compliance with Bank standards and regulations. Evaluates construction loan risks and rewards to provide guidance on owner-occupied real estate transactions, and may assist management with more complex initiatives.
This role may require travel to Raleigh, NC a couple of times per year.
This is a remote role that may be hired in several markets across the United States.
Responsibilities
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- Process Oversight - Monitors the construction loan process for owner-occupied real estate transactions. Forms a full understanding of project scope and monitoring requirements through collaboration with internal stakeholders. Reviews the risk and rewards associated with construction loans to provide guidance on appropriate credit structuring.
- Loan Documentation - Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations. Communicates deficiencies to the appropriate parties.
- Coordination - Engages third-party inspectors and title agents as needed to ensure portfolios are supported with all necessary documentation, evaluations, and other crucial information. Assists in coordinating the various steps and needs of construction loan processing to streamline transactions.
- Business Support - Assists management with additional tasks related to the construction loan process, which may include involvement in more complex transactions. Monitors and reports on daily activities to aid leadership awareness of results.
Bachelor's Degree and 2 years of experience in Commercial Loan Administration OR High School Diploma or GED and 6 years of experience in Commercial Loan Administration
Preferred Area of Experience: Financial Services, centralized Commercial Real Estate Administration program, Real Estate paralegal, Title Insurance representative, or in a mortgage documentation position.
The strongest candidates will have experience with Community Association Banking (CAB), Capital Expenditure Construction Loans or both. Strongly prefer someone with intermediate or higher-level Microsoft Excel skills. Seeking candidates who possess experience communicating with clients who may require additional efforts and explanations to fully understand some of the more complex aspects of these loans. Patience, good spoken and written communication and the ability to describe topics using different terms will be crucial in being successful in this role.
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.
This job posting is expected to remain active for 3 days from the initial posting date listed above. If it is necessary to extend this deadline, the posting will remain active as appropriate. Job postings may come down early due to business need or a high volume of applicants.