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Open nowPosted 19 days ago

Commercial Construction Administrator

macu50 open roles

Where
Sandy, UT
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Your applicationOpen nowCommercial Construction Administratormacu · Sandy, UT
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The clock on this job

Early applications get read.

8.5% of postings close within 7 days. Measured by our own scanner across the market. macu postings stay open a median of 4 days.

Share of postings closed within
  1. 1.8%1 day
  2. 4.0%3 days
  3. 8.5%7 days
  4. 15.4%14 days
  5. 34.1%30 days
This job: posted 19 days ago

macu median: 4 days open

The posting

Please reference the schedule and minimum qualifications listed below before applying.

If you need assistance with filling out our application form or during any phase of the application, interview, or employment process, please notify our Human Resources Team at 801-366-6947 option 1 or email [email protected] and every reasonable effort will be made to accommodate your needs in a timely manner.

Job Summary

Assists Commercial Construction Manager in overseeing commercial construction lending processes; conducts business development activities to achieve commercial construction loan portfolio gain and profit objectives. Develops relationships with builders, contractors and other professionals to obtain referrals and promote lending activity. Provides operational guidance, coaching and support to commercial and SBA loan officers. Reviews appraisals, third-party reports and credit analyses to ensure a comprehensive review process of the construction loan request and to reduce risk. Analyzes, reviews, and funds, commercial/SBA construction loans consistent with MACU policies and procedures and SBA guidelines.

Job Description

To be effective, an individual must be able to perform each job duty successfully:

  • Assists in managing the administration of all commercial construction loan requests and files, which includes:Reviewing and analyzing the feasibility of commercial construction loan requests, cost to build, debt ratios, cash to close, construction timelines, project/contractor reviews, and third-party reports, Oversees processes for loan documentation, funding and disbursement of construction funds, Performs property inspections during course of construction, and Ensures the safety and soundness of the commercial construction division and the Credit Union.
  • Maintains a strong knowledge of commercial underwriting practices including loan analysis, credit history, industry knowledge, risk mitigation, financial and cash flow analysis, and internal policies and procedures.
  • Monitors the commercial construction loan portfolio and informs management, including MACU Loan Committee, of issues that arise during the construction process that could negatively impact the ability to secure long term financing.
  • Partners with commercial loan officers in presenting complex commercial construction loan and modification requests in Loan Committee for decision. Ensures all pertinent information is presented to Loan Committee so an informed decision can be made.
  • Works and communicates directly with contractors, builders, inspectors, title companies and borrowers to ensure timely project completion and facilitation of long-term financing.
  • Assists in leading the commercial construction team; has sufficient knowledge and is cross-trained sufficiently to handle all duties in the absence of the construction manager.
  • Trains SBA and commercial loan officers, processors, and underwriters with respect to required documentation of construction loan files.
  • Builds in-depth knowledge of each construction loan relationship understanding strengths and weaknesses of borrower and overall risk to the Credit Union.
  • Ensures compliance with regulatory standards and requirements.
  • Assesses environmental risks.
  • Reviews and understands geo-technical reports.
  • Reviews professional commercial real estate appraisals and understands the three valuation methods used.
  • Working knowledge of the State Construction Registry and its equivalent in the footprint within which the Credit Union operates.
  • Working knowledge of title insurance, endorsements, and settlement statements.
  • Offers the member outstanding service, ease of access, and competitive products.
  • Ensures procedure manuals are kept updated as changes occur.

KNOWLEDGE, SKILLS, and ABILITIES

The requirements listed are representative of the knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Experience

Four years commercial lending or related commercial experience in a progressive financial setting, working in a lending setting preferred.

Education

Bachelor’s degree from an accredited institution in business, marketing, finance, economics or related field OR an additional 2 years combined progressive experience in a business/commercial lending setting. Experience with construction lending preferred.

Managerial Responsibility

Has no supervisory/managerial responsibilities.

Computer/Office Equipment Skills

  • Advanced skills with Microsoft Office Suite including Outlook, Word, and Excel.
  • Experience with financial reporting or tax analysis software preferred.
  • Experience with loan origination systems preferred.
  • Experience with loan documentation software preferred.

Language Skills

  • Must have the ability to read and interpret documents such as safety rules, operating maintenance instruction, and procedure manuals. Ability to write routine reports and correspondence.
  • Ability to speak effectively before groups of employees, members, or clients. Demonstrated ability to clearly express ideas, methodology, results and recommendations verbally, in writing and through insightful reports and graphic illustrations.
  • Demonstrated ability to present information in a manner appropriate for key stakeholders and all levels of the organization.
  • Strong writing and grammatical skills relating to preparing credit memos, addendums, memorandums, and all forms of written communication.

Other Skills and Abilities

  • Ability to adeptly gauge the merits of a commercial construction loan request, the ideal structure and whether there are enough strengths to mitigate expected weaknesses to a degree satisfactory to MACU.
  • Ability to work both autonomously and collaboratively in a fast-paced environment.
  • Willingness to be accountable and take ownership of assigned roles and responsibilities.
  • High level of coordination, organization, planning, and prioritization of work, and management of one’s own time in a fast-paced environment.
  • Adaptive to change, responds positively to altered circumstances or conditions.
  • Possess a desire and willingness to learn and continually update knowledge base on financial concepts, strategies, systems etc.
  • Take initiative to be a problem solver and provide suggestions to improve processes and efficiencies.
  • Knowledge of rules, requirements and regulations from governing bodies (NCUA, CFPB, et al), specifically with respect to commercial construction.
  • Data analytics and data validation skills and proficiency in business data analysis (MS Excel, etc.).

PHYSICAL ABILITIES / WORKING CONDITIONS

Physical Demands

Ability to sit, talk and hear consistently

Ability to stand, walk, and use hands to handle or reach occasionally

Vision Requirements

Close vision (clear vision at 20 inches or less)

Distance vision (clear vision at 20 feet or more)

Weight Lifted or Force Exerted

Ability to lift up to 10 pounds occasionally

Environmental

There are no unusual environmental factors (such as a typical office)

Noise Environment

Moderate noise (business office with computers and printers, light traffic

#LI-FW1

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Mountain America Credit Union is an EEO/AA/ADA/Veterans employer.

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