Construction Coordinator

About the position

Oversees and participates in receipt of receiving, as well as evaluating construction related due diligence items and equity verification during commercial real estate loan underwriting operations, and coordinates loan closings; summarizes findings in credit recommendation for Construction Loan Administration (CLA). Engages and monitors third party consultants related to cost and constructability reports, and monthly monitoring of draws, payment applications and site visits. Initiates, performs and/or reviews construction loan disbursements. Interacts with real estate clients, their personnel, contractors and consultants daily, both individually and in conjunction with the relationship manager (Regional Manager, loan officer) and other Umpqua associates. Analyzes, reviews and comments on Construction Loan Agreements and related legal documents for CLA requirements, dissemination of progress payments, and consistency with credit approval, budget and schedule. Review credit recommendations/applications as it relates to the construction aspects, for completeness and consistency with CLA requirements, policies and procedures. Develop CLA credit document, the Credit Risk Certification (CRC) for each assigned construction loan, and review with RM prior to submittal to Credit Quality for approval. Identify equity requirements, verification, and closing documentation, and coordinate with Loan Administration and Loan Support Services. Identify deficiencies and ensure corrections prior to recommendations and granting final acceptance. Monitor Due Diligence requirements for each assigned construction loan including analysis of contractors, review of 'Plans & Specs', verification of construction budgets, endorsement of design professionals and construction contracts, etc. During construction, monitor the monthly draw requests inputting necessary information into the CLA tracking systems.

Responsibilities

• Oversee and participate in the receipt of construction-related due diligence items.
• Evaluate equity verification during commercial real estate loan underwriting operations.
• Coordinate loan closings and summarize findings in credit recommendations for CLA.
• Engage and monitor third-party consultants related to cost and constructability reports.
• Initiate, perform, and/or review construction loan disbursements.
• Interact with real estate clients, contractors, and consultants daily.
• Analyze and review Construction Loan Agreements and related legal documents.
• Review credit recommendations/applications for completeness and consistency.
• Develop CLA credit documents and Credit Risk Certification for assigned loans.
• Identify equity requirements and coordinate with Loan Administration.
• Monitor Due Diligence requirements for assigned construction loans.

Requirements

• Associate, vocational, or technical degree related to information technology or equivalent experience required.
• Construction management degree or equivalent training.
• 7-10 years of relevant construction, construction lending, credit analysis, and/or appraisal experience required.
• Ability to manage multiple projects and inquiries simultaneously.
• Ability to read, review and comment on complex loan documents and construction documents.
• Demonstrated analytical and problem-solving skills.
• Proven written and verbal communication skills.
• Intermediate proficiency with Microsoft Office products.
• Knowledge of loan documents, construction documents, and industry standards.
• Proficient at working collaboratively with individuals and groups.

Nice-to-haves

• Knowledge of Microsoft Project or other scheduling software.
• Experience in training and presenting to small and large audiences.

Benefits

• Comprehensive healthcare coverage (medical, dental, and vision plans).
• 401(k)-retirement savings plan with employer match.
• Employee assistance program.
• Life insurance and disability insurance.
• Tuition assistance and mental health resources.
• Identity theft protection and legal support.
• Auto and home insurance.
• Access to an online discount marketplace.
• Paid vacation, sick days, volunteer days, and holidays.