Capital Bank Commercial Real Estate Construction Loan Specialist

First Horizon National Corp. Raleigh, NC
The CRE Construction Loan Specialist position is a highly specialized position requiring a broad and diverse level of construction knowledge. This position is primarily responsible for comprehensive credit risk management, associated with site conditions, environmental assessments, construction processes, management of project schedule and approval for disbursement of loan funds for draw requests. This position is expected to own and independently lead in the administration of construction projects, including the oversight of loan funds for payment of regular draw requests. This position ensures all construction projects adhere to all Federal and State regulatory requirements and that Loan Policy guidelines are properly administered during the construction phase of a project to ensure all projects are finalized with proper documentation and to ensure collateral is perfected and any associated risks to the Bank are eliminated.

Essential Duties and Responsibilities:

* Lead pre-flight construction meetings with RM, PM, LCO, Borrower and General Contractor, preferably at the project site.

* Evaluate the project site and identify onsite or offsite conditions that pose a development or construction risk to the Bank utilizing skilled construction knowledge and experience.

* Independently evaluate the competency of the General Contractor through interviews and assess their experience related to the proposed project.

* Assist the RM and PM in drafting the Term Sheet, Loan Commitment Letter and Construction Loan Agreement identifying requirements for pre-closing, pre-disbursement, disbursement and completion of project.

* Negotiate and collaborate with closing attorney to finalize construction related documents, including but not limited to, Construction Loan Agreement, Covenants and Title Endorsements.

* Independently develop a pre-closing checklist of documents that are specific and unique to project based on construction insights and experience.

* Engage a third party vendor approved by CRE Construction to complete a plan review and cost analysis for project.

* Utilize construction and environmental remediation knowledge to evaluate Phase I and Phase II Environmental Site Assessments and make recommendations to escalate review to mitigate risk to Bank.

* Independently develop a list of pre-closing, pre-disbursement, disbursement and project completion documents based on a thorough evaluation of the project type and risk to the Bank.

* Autonomously determine if a recommendation can be made to Credit to close a construction loan, and if a recommendation can't be made, identify the exceptions not allowing such approval.

* Independently review and approve draw requests through third party inspection assessments and confirmation of accurate work completion to ensure advancement of loan funds are appropriate and the project is on schedule for completion.

* Confirm that all projects are completed with all required closeout documents to ensure Bank is protected against mechanic liens or other legal filings.

* Works closely with Commercial Real Estate Loan Closing Officer (LCO) to ensure loan documentation consistency and adherence to Loan Policy.

* Participates in special projects and assignments and performs other duties as assigned by CLM Manager.

* Makes recommendations to CLM Manager in the continuing development of system and procedural upgrades.

RequirementsEducation and/or Work Experience Requirements:

* Bachelor's degree (B. A.) from a four-year college or university and a minimum of five to ten years related financial institution/commercial construction/real estate or equivalent combination of education and experience. A general contractor's license (minor or major) or construction management license is highly recommended.

* Expert knowledge of Microsoft Word, Power Point, Excel and Outlook.

* Ability to gather, validate, analyze and maintain a variety of data from internal and external sources used to provide recommendations.

* Strong working knowledge of land development and commercial real estate construction techniques and procedures.

* Able to work independent of close supervision and able to make critical decisions related to construction administration and loan policy.

* Ability to read and listen, understand and communicate information and ideas in a clear and understandable manner, both orally and in writing with senior executives, business unit management and staff, third party vendors, state and federal regulators and officials and significant business partners.

* Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists; ability to interpret a variety of data furnished in written, oral, diagram, or schedule form.

* Strong ability to read, analyze and interpret financial reports and legal documents; performs complex calculations; effectively researches, analyzes and evaluates information to make decisions, solve problems and achieve goals; strong project management skills desired.

* All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, gender stereo typing, and age. First Tennessee is an EO employer – M/F/Vets/Disabled.

* Please view Equal Employment Opportunity Posters provided by OFCCP her