Construction Loan Analyst

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This range is provided by Ascendo Resources. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

$65,000.00/yr - $75,000.00/yr

Direct message the job poster from Ascendo Resources

Construction Loan Analyst - Bronx, NY

About the Role

Analyzes, organizes, initiates, and processes the setup and maintenance of construction loans.

Responsibilities

• Reviews signed loan documentation on new construction loans for consistency with loan approval.
• Ensures accuracy and integrity of loan data: set-up information, including all necessary codes and risk rating assignments; makes corrections as necessary.
• Tracks missing loan documentation and communicates with the appropriate internal and external contacts for resolution.
• Prepares credit facility memorandums as needed.
• Assist with pre-screening of prospects, and maintain all prospect documentation and files.
• Secures documents for construction requisitions and loan documents for adherence to contractual obligations.
• Assists with disbursements on construction loans to include ordering title rundowns, inspections, and determine available funds for disbursement based upon bank policy.
• Prepare documentation for advances on lines of credit.
• Monitors project budget adequacy.
• Informs Construction Lending Manager of needed budget reallocations.
• Works with auditors providing documentation and loan files.
• Secures and prepares new construction loan applications.
• Tracks UCC financing statements and files continuations as needed.
• Maintains working knowledge of NYS contractor and lending laws.

Qualifications

• B.S. or B.A. degree in business, finance, or equivalent; specialized construction lending education and training.

Required Skills

• Clearly communicates in English;
• Proficient reading, writing, grammar, and mathematics skills;
• Proficient interpersonal relations;
• Knowledge of lending regulations and documentation requirements;
• Knowledge of bank operating policies and procedures which impact lending;
• Knowledge of all features and benefits related to lending products and services;
• Organizational skills with the ability to multitask;
• Moderate PC skills, including Microsoft Office and loan processing software.

Preferred Skills

• A minimum of 3+ years’ experience in related experience normally required.

• Seniority level Associate

• Employment type
  
  Full-time

• Job function Finance
• Industries Banking

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Medical insurance

Vision insurance

401(k)

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