Role Description
The Construction Monitoring Specialist is responsible for reviewing and managing construction loan activity to ensure projects progress in accordance with approved budgets, timelines, and bank requirements. This role partners closely with Lenders, Credit Officers, and Portfolio Managers to support timely draw processing, maintain compliance, and proactively identify and mitigate risk.
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Reviews and processes construction loan draw requests for accuracy, completeness, and compliance with loan terms.
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Analyzes project budgets, lien waivers, inspection reports, title updates, and related documentation.
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Ensures disbursements align with verified project progress and percentage of completion.
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Collaborates with Lenders, Credit Officers, and Portfolio Managers to obtain required information and resolve discrepancies.
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Communicates with borrowers, builders, inspectors, and title companies through lending team to support efficient processing.
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Reviews third-party inspection reports to confirm work completion.
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Makes accurate loan records, including disbursements, communications, and status updates.
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Monitors project timelines and supports adherence to approved construction schedules.
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Manages multiple loans simultaneously while meeting established turnaround times.
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Supports internal audits and ensures compliance with bank policies and regulatory requirements.
Qualifications
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High school diploma or general education degree (GED), required.
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Associateβs degree in Finance, Business, Construction Management, or related field, preferred.
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Minimum of 2 years of experience in construction lending, loan operations, banking, or construction project management required.
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Knowledge of construction draw processes and documentation preferred.
Requirements
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Banking is a highly regulated industry; proficiency in the Bank's policies and procedures is expected.
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Adhere to all laws, rules, and regulations applicable to your conduct and work.
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Complete all assigned compliance training in a timely manner.
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Strong analytical, organizational, and problem-solving skills.
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Effective written and verbal communication skills in a remote environment.
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Ability to work in a fast-paced work environment.
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Professional appearance and demeanor.
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Ability to research problem situations and recommend appropriate action.
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Maintain positive relations with all customers, both internal and external, while discussing legal matters professionally and tactfully.
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Must be able to work in a team environment with interaction amongst other members.
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Effective organizational skills with attention to detail and promptness.
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Experience using Microsoft Products including Word, Excel, and Outlook.
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Ability to understand and utilize banking industry technology.
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Proficiency in loan processing systems.