143 - Construction Lending Specialist I

Kennebunk Savings operates on the shared belief that Helping One Another Is the Right Thing To Do.Our Core Values – Trust, Integrity, Proactive and Empathy provide the guide posts for how we support that belief. They guide our day to day actions – from the way we build relationships, to how we make decisions and problem solve, to how we interact with one another. Our Core Values form the foundation of our culture. Embodying by them forms the basis of what makes for a successful employee at Kennebunk Savings. Scope of Work: Under the guidance of the Construction Lending Manager, this position is responsible for managing the construction loan process for new construction or renovations on residential and small-to-moderate size commercial projects.  This individual may also administer escrow fund holdbacks, homeowner’s insurance claims and other related tasks while ensuring that all loans meet established Residential and Commercial Construction policies, procedures, and applicable legal and regulatory guidelines.   Essential Functions (3): Responsible for administering pre-closing activities: Provides timely review and approves applicable construction building plans, specifications, budgets and contracts Verifies the scope of work, materials to be used, methods of installation, and quality of workmanship If required as part of loan approval, engage Third Party Monitor to work with to do a pre-construction review Responsible for administering post-closing activities: Ensures all required construction documentation, including inspections, title updates, and insurance coverage, is ordered is received, reviewed and properly executed Works closely with third party monitor reporting vendor to ensure project schedule and budget are followed. Also work with the monitor as necessary to help gather any missing documentation that is needed Works with the title companies to ensure the bank’s title policy remains clear from liens File processing and set-up in construction tracking systems Final file review at completion of construction project Manages the distribution of loan fund disbursement activities: Manages loan fund disbursements during each phase of the construction project, ensuring the process follows Bank guidelines Processes and records loan advances/disbursements, including tracking lien waivers Responsible for maintaining an open dialogue with borrowers, general contractors, third party monitors, and title companies regarding status of documentation, project progress, and funding of draw requests  Provides proactive and on-going communication with lenders regarding the status of their projects within the construction department’s pipeline Reviews draw requests for accuracy and completion prior to releasing construction loan funds   Other Duties & Responsibilities: Promotes the Kennebunk Savings Brand by recommending our products and services, supporting our community focus & commitment to being a premier employer Understands, supports and adheres to applicable organizational policies/procedures and state/federal regulations Consistently emphasizes the importance of teamwork in the department and company at large Responsible for keeping abreast of company news and information Responsible for completing required training and policy review May serve on various committees Willingness to take on additional tasks and duties   Desired Certifications & Licenses: N/A   Desired Knowledge, Skills & Abilities: Prior knowledge of construction practices and construction contract law, including State and Federal Banking regulations Demonstrated ability to review basic transactions/scenarios Displays high level of regard for trust and confidentiality Proficient in Microsoft Office Products Displays strong written and verbal communication skills Displays strong organization skills and the ability to multi-task to meet established deadlines Demonstrates a high level of accuracy and attention to detail Effectively uses analytical skills to solve technical, as well as, non-technical problems Prior knowledge of regulations within the financial services industry is preferred Ability to adapt to change   Desired Job Experience: Experience in construction lending, construction management, or either residential or commercial construction loan administration Experience in a professional, service focused and fast-paced environment   Desired Education: High School or General Education Diploma Associates degree or equivalent combination of education and work experience   Working Conditions & Minimum Physical Requirements: Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards  Dexterity of hands and fingers to operate a computer and other office equipment Lifting and moving of moderately heavy objects on occasion Normally seated for extended periods of time Occasional travel to construction sites within York County Maine and Seacoast New Hampshire   External and internal applicants, as well as position incumbents who become disabled as defined under the Americans with Disabilities Act, or Maine/New Hampshire Human Rights Commissions, must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case-by-case basis.

Salary : $24 - $29