What are the responsibilities and job description for the VP Construction Lending Manager position at Union Savings Bank - CT?
Manage Bank's Construction Loan process and procedures as well as develop and maintain a portfolio of new and existing commercial mortgage and construction loan accounts.
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Manage Bank's Construction Loan Process |
- Oversee all aspects of construction process including maintenance of appropriate construction procedures and policies in conjunction with Commercial Services, SVP – Department Head. - Effectively interface with outside experts such as accountants, appraisers, architects, attorneys & engineers associated with projects being financed. - Structure, coordinate and underwrite construction loans in conjunction with Credit Administration and other commercial loan officers as applicable. - Manage selection of third party professionals including engineers, building professionals and inspection firms to coordinate project cost feasibility, budget reviews and inspections. - Actively manage and prepare a monthly report on status of all construction loans. - Structure, coordinate and underwrite loans in conjunction with Credit Administration as applicable. - Able to handle multiple, complex transactions at a time. - Knowledgeable in bank operations, procedure and in the types of transactions which are most desirable to the Bank.
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New Business Development and Community Involvement |
- Develop and manage large and most complex commercial account relationships with a focus towards commercial real estate developers and construction projects. - Communicate with customers throughout application, loan and construction process as appropriate. - Solicit for new business and interview applicants. - Participate in joint calling efforts with branch personnel and commercial lenders. - Demonstrate strong leadership skills. - Cross sell bank products and services, counseling customers on pertinent product awareness. - Communicate with internal and external customers throughout application and loan process. - Maintain, through active participation, professional and community relationships, increasing the Bank’s visibility within the marketplace furthering professional development
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Credit Administration |
- Collect and analyze financial and related data to establish creditworthiness. - Approval as appropriate of loan policy exceptions, modifications, risk ratings, etc. - Monitoring of problem construction loan credits to ensure prompt follow-up and resolution. - Management of credit approval process for construction loans to ensure adherence to established loan policies and procedures. - Able to handle multiple, complex transactions at a time with little supervisor assistance. - Knowledgeable in bank operations, procedures, and in the types of transactions which are most desirable to the Bank. - Structure, coordinate and underwrite all loans in conjunction with Credit Administration as applicable. - Handle new loan requests in conjunction with governmental loan programs.
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