Commercial Construction Lending Specialist in Raleigh, NC at First Horizon National Corporation

Date Posted: 1/12/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    333 Fayetteville Street
    Raleigh, NC
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    1/12/2021
  • Job ID:
    COMME02994

Job Description

The Real Estate Lending Construction Specialist position is a specialized position responsible for providing thorough, objective analysis of the construction documentation and funding requirements in the RE loan documents, and all supporting documentation provided across a range of commercial credit products, to construction loans, term loans, revolving lines of credit and other commercial debt. This position is expected to lead the RE construction monitoring and review process, including funding requests, invoices, AIA requests from the General Contractor, completion requirements as required by the loan documents and other supporting documents and final completion documents. This position ensures collateral remains perfected, legal documentation supports credit approval, and all risk controls have been met in order to proceed with funding the construction as requested.

Essential Duties and Responsibilities:

  • Act as a leader in reviewing loan agreement for disbursement requirements, facilitating the draw review, monitoring construction and loan requirements; and provide individual authority to fund as requested or approved based on construction progress and quality in accordance with the approved plans and specs for the project.
  • Ability to manage construction monitoring on various loans/projects at various levels of complexity and timelines.
  • Ability to communicate effectively with RM and/or PM on funding requirements and construction progress/quality in accordance with the loan documents and construction requirements in accordance with the construction contract and the municipality.
  • Lead the loan funding/construction monitoring process through in depth interpretation of legal documentation to identify what is being required.
  • Interpret and decipher related state statutes/laws to predict changes/impacts to construction progress, permitting, legal requirements, bonding, insurance, construction needs and legal documentation for proceeding toward loan closing and/or funding.
  • Possess a thorough understanding of affected federal regulations to advise on additional items in order remain compliant.
  • Provide primary support and partnership to Relationship Managers (RM) and Portfolio Managers (PM) to ensure construction maintains strong quality, while facilitating risk control measures for the Bank.
  • Works closely with senior management, RMs, PMs, Credit Risk, Compliance and Internal Audit partners to ensure that the credit remains in compliance with Bank and regulatory policies; ultimately responsible for ensuring loan collateral is appropriately assessed, perfected, risk managed and coded in accordance with bank policies and regulatory requirements.

Education and/or Work Experience Requirements:

  • High School Diploma Required; Bachelor's degree preferred
  • Three to Five years of direct experience in commercial loan closing or Five to Seven years of relevant work experience in commercial lending and documentation
  • Considerable knowledge of operation functions, systems, policies and procedures for the assigned area
  • In-depth understanding and practical application of state statutes, laws and federal regulations
  • Excellent organizational, and project management skills
  • Well-developed customer relations skills
  • Excellent interpersonal, verbal and written communication skills
  • Ability to manage multiple tasks/projects and deadlines simultaneously
  • Thorough knowledge of banking operations and commercial credits

Monday- Friday 8am-5pm

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)