Commercial Construction Loan Manager – Up to $105K – Philadelphia, PA – Job # 1763
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & San Antonio, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our client is seeking to fill an AVP/Commercial Construction Loan Manager role in the Philadelphia, PA market. The successful candidate will be responsible for analyzing new commercial construction loan requests including, but not limited to, cost estimating and providing construction expertise to minimize project risks while achieving maximum value of Bank’s Development and Construction loan portfolio, as well as any income-producing properties.
The position includes a generous salary of up to $105K plus bonus and excellent benefits package. (This is not a remote position.)
Commercial Construction Loan Manager responsibilities include:
- Reviewing and assisting in defining construction standards and the use of proper construction means/methods, to establish the high and consistent quality of work is upheld for all Bank projects.
- Serving as an advisor to manage and mitigate risks on Bank’s construction projects, ensuring work performed is in compliance with industry standards.
- Gathering details and compiling data to define project parameters in terms of scope, time, cost and feasibility.
- Providing an understanding of conceptual estimates, scope development and analysis, and project timelines.
- Presenting project business cases for funding approval to Executive Management.
- Performing site inspections as needed of construction projects to determine status and completion percentage is in balance with loan funds outstanding.
- Conducting post-project evaluations to measure achievement of project goals, validate project budgets and timelines, and calibrate project parameters as necessary for future projects.
- Reviewing and approving construction draw requests for all ongoing construction loans.
- Spreading financial statements of borrowers and guarantors.
- Evaluating the primary source of repayment for each loan/project being financed by the Bank.
- Preparing a complete credit approval memorandum for review by the Chief Credit Officer, the lender and the Chief Lending officer prior to submission for approval.
- Adhering to the requirement to review relationships in the commercial loan portfolio in accordance with Loan Policy.
- Performing non-construction loan analysis as needed by the credit department. Preparing credit memos to be reviewed by Chief Credit Officer.
- Performs additional duties as assigned.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
- College degree in Finance, accounting or business-related field desired.
- Five (5) years of related experience in commercial lending.
- Solid knowledge of credit risk preferred.
- Prior construction loan experience preferred.
- Superior skillset in Microsoft Office Suites.
- Significant experience with Fiserv/ITI software required.
- Experience with loan applications (i.e. LaserPro, ITI, etc.) preferred.
- Superior interpersonal skills including the ability to write letters, reports and other correspondence.
The next step is yours. Email us your current resume along with the position you are considering to:
