[Hiring] Commercial Construction Administration Specialist @SouthState Bank

Role Description

Works with Loan Administration, Credit Risk, and Commercial Lending to manage the Bank’s risk as it relates to the commercial construction portfolio.

• Primarily responsible for ensuring accurate and timely processing of commercial construction loan draws in accordance with policy and procedures to ensure efficient, high quality loan processing.
• Primary contact responsible for review and approval of commercial construction loan draws and budget monitoring.
• Responsible for processing loan draws and ensuring all projects remain on time and within budget as well as the reporting and tracking of the commercial construction portfolio to include management of the HVCRE designated loans.
• Review and validate the inspection report and all invoices to determine validity of costs and that requested amounts are applicable to provide an advance approval decision to the Lender.
• Decision approval on each draw request or adjust that request downward based on supportable evidence or lack thereof.
• Monitor project status on a continual basis for cost increases and change orders and determine if the budget is sufficient to complete by reallocating funds or requiring an additional injection of Borrower equity.
• Review and decision or escalate any alternative request to delay or adjust the timing of additional equity injection.
• Collect, review, and manage all documents required for draw releases including lien releases, surveys, insurance, change orders, etc.
• Maintain a detailed workbook of the project budget along with supporting documentation in an organized and logical manner.
• Ongoing training/coaching of Lenders to ensure a smooth construction process.
• Responsible for final code conversion for proper reporting as the loan transitions from a construction loan to a term loan.
• Ongoing project review to ensure early identification of any issues or potential issues related to the construction of the project that would delay completion or negatively impact the Bank’s collateral position or repayment.

Qualifications

• Education: College Degree
• Experience: Min 3 years mortgage or commercial banking experience. Experience with loan closings and construction draw monitoring a plus.
• Knowledge: Background/understanding of commercial construction, ability to manage multiple processes, multi-task, work in a fast-paced environment, detail-oriented.
• Strong verbal and written communication skills, ability to collaborate with business partners and customers to resolve issues and ensure projects remain within budget.
• Detail-oriented with critical thinking and analytical analysis skills. Ability to identify potential issues and recommend change.

Requirements

• On the job training and any additional training as needed (i.e. MS Excel, MS CRM, Report Writing and Processing Program, General Ledger and Financial Reporting Program and Core Processing System).
• Required annual compliance training.

Benefits

• Equal Opportunity Employer, including disabled/veterans.

Company Description

The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions.

We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here!