Commercial Loan Operations Coordinator

Job Details

Description

SUMMARY: The Commercial Loan Operations Project Manager is responsible for coordinating and

processing workflow for project related functions such as commercial construction monitoring and

disbursements; participation monitoring, advances and payments; real estate tax monitoring and

notifications; loan systems processes and improvements, and all commercial operational processes as

assigned. This position provides oversight and defines workflow to process improvements while

providing training to staff with oversight of exceptions and accelerated internal issues.

ESSENTIAL DUTIES and RESPONSIBILITIES include, but are not limited to the following:

• Analyze and approve draw requests based upon specifications, cost estimates, builder’s
  
  

contract and inspections requiring appropriate lien waivers and signature.

• Primary point of contact and responsible for resolving and responding to borrower and
  
  

contractor requests and questions including draw disbursements, inspection and lien updates,

costs overruns, change orders interest accrual and payments and final modification to

permanent financing

• Administer the disbursement process for commercial construction loans while the property is
  
  

in the construction phase

• Order inspections during construction phases upon request of contractor or borrower
  
  

monitoring number of requests.

• Maintain supporting documentation for construction file for draw requests, inspections,
  
  

disbursements, contract changes etc.

• Track builder’s risk and hazard insurance policies receiving updated policies at completion of
  
  

construction term.

• Discuss modification process with Lender/Borrower and prepare modifications for extension of
  
  

construction phase and collect fees associated with extension

• Review construction loan file including agreements from documents to system for complete
  
  

and accurate set up on Core.

• Provide welcome and disbursement packages to contractor and borrower explaining draw
  
  

process.

• Review and interpret loan participation documents for accuracy and compliance of bank
  
  

policies in order to meet all lien perfection requirements, policy requirements, financial and

non-financial conditions and any regulatory requirements pertaining to the loan.

• Administer the disbursement process for participation loans
• Balance and process payments of participation loans
• Primary point of contact and responsible for resolving and responding to participant banks
  
  

requests and questions including draw disbursements, payment application, interest accrual

• Supervise/oversee projects as assigned by the Commercial Loan Operations Manager related
  
  

to the Commercial Loan Operations Department to include but not limited to loan systems

processes and operational process improvement

• Monitor real estate tax files for borrowers with delinquent real estate taxes and provide proper
  
  

notifications to borrower and escalations to internal departments as deemed appropriate.

• Provide back up to Commercial Loan Operations Manager during peak workflows and
  
  

vacations.

• Complete all mandatory and elective training including BSA and Anti-Money Laundering
  
  

procedures. Maintain compliance with all appropriate rules and regulations.

• Regular predictable attendance is an essential requirement of this position
• Complete all other duties as assigned
  
  

EDUCATION And/or EXPERIENCE

• Bachelor’s Degree in Accounting, Finance or Business Management or equivalent combination
  
  

of education and work experience

• Minimum three (3) years’ experience with construction loan process including disbursements
  
  

with ability to read and interpret contracts, review change orders, understand overruns etc.

Familiarity with Ohio mechanic lien laws a strong plus.

• Minimum of two (2) years’ experience in operations
• Strong attention to detail with a strong organizational focus with ability to multi task.
• Understanding of GLs and flow of funds for disbursements from participation loan account to
  
  

Auto Pay GL

• Good verbal and written communication with ability to explain complicated financial
  
  

information such as loan disbursement, interest accrual and payment application with

Participant Bank’s staff.

• Good verbal and written communication with ability to communicate on all levels to
  
  

contractors and borrowers in a clear and concise manner.

• Good problem solver and independent thinker with ability to research, resolve and
  
  

communicate results in an organized manner.

• Team oriented with demonstrated effort to assist other department staff during peak work
  
  

flow.

Farmers National Banc Corp. is an Equal Opportunity Employer: disability/veteran