[Hiring] Commercial Construction Administration Specialist @South State 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.

• Ensure accurate and timely processing of commercial construction loan draws in accordance with policy and procedures.
• Primary contact responsible for review and approval of commercial construction loan draws and budget monitoring.
• Process loan draws and ensure all projects remain on time and within budget.
• Report and track the commercial construction portfolio, including management of HVCRE designated loans.
• Review and validate inspection reports and invoices to determine validity of costs for advance approval decisions.
• Monitor project status for cost increases and change orders; determine budget sufficiency.
• Collect, review, and manage all documents required for draw releases, including lien releases, surveys, and insurance.
• Maintain a detailed workbook of the project budget with supporting documentation.
• Provide ongoing training/coaching of Lenders for a smooth construction process.
• Responsible for final code conversion for proper reporting as loans transition from construction to term loans.
• Conduct ongoing project reviews to identify issues that may delay completion or impact the Bank’s collateral position.

Qualifications

• Education: College Degree
• Experience: Minimum 3 years mortgage or commercial banking experience; experience with loan closings and construction draw monitoring is a plus.
• Knowledge: Background in commercial construction, ability to manage multiple processes, multitask, and work in a fast-paced environment.
• Strong verbal and written communication skills; ability to collaborate with business partners and customers.
• Detail-oriented with critical thinking and analytical skills; ability to identify potential issues and recommend changes.

Requirements

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

Benefits

• Equal Opportunity Employer, including disabled/veterans.