Construction Loan Analyst (Hybrid)

Construction Loan Analyst Opportunity

Reach your potential at Celtic Bank! You're brave, ambitious, and passionate in everything you do? We want you on our team! The Construction Loan Analyst is required to convey an image of professionalism, efficiency, and competence as a member of the Celtic Bank team. The Construction Loan Analyst is expected to deliver exceptional service and maintain all related activities in an organized and consistent manner. As a Construction Loan Analyst, you will work closely with the borrower and general contractors to review, reconcile, and complete the construction underwriting and closing of new construction loans. You will collaborate closely with team members across various departments to ensure deadlines are achieved and will be responsible for ensuring compliance with Celtic Bank general policies as well as state and federal regulations. With this job, you will have the opportunity to work in a fast-paced environment where you are able to interact with internal groups, clients, and contractors across the nation on various types of projects. Be it analyzing and validating project budgets, verifying construction documentation, or finding solutions to challenges that may arise through the closing process, there is always something to continue your learning and progression. The ideal Construction Loan Analyst candidate has some experience with construction loans in a lending environment or financial budgeting / administration in a general contractor environment, is highly detail-oriented, and has a good understanding of construction basics.

Essential Job Functions

• Manage a portfolio of construction loans across underwriting, credit review, and closing stages.
• Act as the primary point of contact for borrowers, contractors, and third-party vendors, providing guidance and updates throughout the loan closing process for a seamless experience.
• Ability to maintain a great attitude and professional disposition with both internal and external parties, especially while handling deadlines, delays, or setbacks.
• Stay up to date on industry trends, regulations, and best practices related to construction lending.
• Conduct and create in-depth analysis of construction project sources and uses, construction budgets, architectural plan & site plan review, and financial information during underwriting.
• Identify and mitigate risks related to project delays, cost overruns, or other construction-related challenges.
• Proactively track, reconcile, and monitor project costs and statuses and ensure alignment with loan terms.
• Prepare and present underwriting analyses and project evaluations to managers for Loan Committees.
• Obtain, review, and approve all construction documents (e.g., AIA G702 / 703 forms, contracts, draw procedures) prior to closing ensuring documentation aligns with regulatory compliance areas, policies, and procedures and best practices.
• Collaborate with internal teams, including underwriting / closing, accounting, and disbursement agents to ensure smooth operations.
• Leveraging technology to manage documentation files, including uploading documents, entering budget numbers, and reconciling expenses.
• Ensure proper documentation is filed for audits and regulatory reviews.
• Perform other duties as assigned.

Requirements

Essential Skills :

Benefits

Medical, dental, vision + 401(k) with employer match + Life and long-term disability coverage + HSA and FSA plans + Holidays and paid time off requests + Robust wellness program (we're talking catered meals three times a week, lunch and learns, and onsite gym!)

Physical and Other Requirements

This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets, and fax machines. The demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.