What are the responsibilities and job description for the Construction Loan Analyst position at National Cooperative Bank. N.A.?
Construction Loan
Analyst
VA or OH office
The Construction Loan Analyst supports the construction loan origination and monitoring processes at NCB.
Responsibilities Include:
Assist underwriting team and BDOs in crafting pre- and post-closing construction related terms (10%)
Assist with welcome calls with borrowers and title companies to educate on the draw process (5%)
Ensure accurate onboarding of construction budgets as well as subsequent monitoring in McCracken’s
BuildRite module (10%)
Review draw and change order requests, identify possible budget problems and escalate any problems
to the team for resolution (15%)
Coordinate third-party inspector visits and review reports to validate construction progress (5%)
Coordinate with borrowers regarding draw and change order requests (30%)
Assist Servicing Team with borrower/draw communication and covenants as applicable and to
ensure timely disbursements (15%)
Special Projects/Other: Provide construction pipeline report as well as portfolio and other credit related analysis to report to senior management, examiners, and/or auditors. (10%)
Minimum Qualifications Include:
BA/BS degree in Finance, Accounting or Business preferred, with 1-2 years as a construction analyst, credit analyst or in other banking/lending capacity.
Must be able to organize thoughts logically for clear, concise recommendations, emails, and other written communications.
Must be able to communicate effectively with borrowers, BDOs, senior management, and/or examiners/auditors.
A high level of proficiency in the following applications is required:
Excel
Word
Outlook
Power Point
Additionally, working knowledge of McCracken’s Strategy software, including BuildRite module, is preferred.
AA/EOE