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Construction Lending Manager
Union Bank
Irvine, CA, United States
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Reporting to the Operations Process Manager, the Construction Loan Manager and real estate lending specialist has overall responsibility and accountability for all construction and tenant improvement real estate projects for Commercial Credit Services, including but not limited to construction risk management, external and internal customer interface, review of project documentation, and engagement of outside 3rd party funds control.
Major Responsibility:
70% (1) Review and prepare clear and accurate summaries of construction and tenant improvement loan requests, accompanied by appropriate recommendations. (2) Provide analysis and subject matter expertise for commercial real estate loans.
• Ensure quality and strength of architect, contractor(s), engineer(s), etc., involved in the project.
• Coordinate, review and approve all 3rd party fund control functions (as applicable), including initial project review, draw requests and progress inspections.
• Coordinate, review and approve all progress payment disbursements.
• Maintain open communication with borrower, contractor, relationship manager, and 3rd party funds control (as applicable).
• Ensure timely and accurate project monitoring report and SBA debenture funding status report.
• Ensure adequacy of construction period insurance.
• Monitor pipeline volumes and make determination of ability to monitor additional project or place temporary hold on new construction originations.
• Establish, monitor and maintain construction lending desktop procedures.
• Interact with title companies, appraisal/environmental departments/vendors and legal counsel, as needed.
• Provide sales and credit support for commercial real estate loans including ordering appraisals, third party reports, analysis of the third party reports, preparation as needed on term sheets.
20% Transaction Prescreening. Work in conjunction with Senior Credit Manager to:
• Identify project type (i.e. Low Impact Project vs. High Impact Project).
• Prescreen deals to ensure compliance with construction underwriting guidelines, LTV requirements, etc.
• Ensure adequacy of project budget/contingency, scope and timeline.
10% Customer Service & Training.
• Set realistic expectations for project with both internal and external customers.
• Hold projects calls with borrower and project team.
• Develop and present training on construction lending best practices.
• Actively support Commercial Lending Operations leadership.
Qualifications
• Minimum of 10 years of commercial real estate experience, with expert knowledge of commercial real estate construction lending, including but not limited to SBA 504 and 7(a) loans, bridge loans, and other real estate secured credit facilities.
• Bachelor’s degree required; MBA is a plus.
• Excellent verbal and written communication, time management, project management, and analytical skills.
• Comprehensive understanding of technical principles and requirements, and project management risks and opportunities.
• Advanced financial analysis knowledge, including construction budgeting.
• Extensive operational, contract and risk management experience in design, construction and project management at both strategic and tactical levels, and experience in managing outsourced service partners.
• Capability of giving presentations to groups of various sizes and participating in negotiation proceedings.
• Strong interpersonal skills, including ability to work across business lines and flexibility to adapt approach to meet the needs of a broad range of stakeholders.
• Ability to coordinate and prioritize multiple, concurrent activities for multiple projects.
• Average level competency with Microsoft Office Suite of products (Excel, Word, PowerPoint).
The above statements are intended to describe the general nature and level of the work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it’s the bank’s policy to only inquire into a candidate’s criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.