Construction Loan Doc Review & Monitoring Set Up Clerk

Overview

The Construction Loan Doc Review & Monitoring Set Up Clerk position is responsible for completing post-closing reviews of loan documentation for construction loans. The Construction Loan Doc Review & Monitoring Set Up Clerk is responsible for reviewing budget documentation to ensure an accurate budget has been provided and that the final budget adheres to any approval requirements.

 

RENASANT BANK IS AN EQUAL OPPORTUNITY EMPLOYER

Responsibilities

• Provide support and backup to the Construction Monitoring Assistant Lead and Construction Monitoring Lead
• Ensure activation of all construction loans within the Construct monitoring system ensuring that total project costs and required borrower injected equity amounts are properly tracked
• Maintain workflow and ensuring compliance with Loan Policy and procedures, as well as SOX requirements under the guidance of the Construction Monitoring Assistant Lead and Construction Monitoring Lead
• Review construction loan documentation for documentation exceptions as well as verify project costs, equity requirements, and verify HVCRE status, if applicable
• Review documentation to ensure compliance with Renasant Loan Policy as it pertains to proper loan documentation
• Ensure that all construction loans are approved properly and in compliance with Loan Policy requirements
• Assist with monitoring daily and monthly reports to ensure that all construction loans are properly maintained in the construction monitoring system.
• Assist with set up new user access for both internal and external users, as needed
• Assist with entering information for residential and commercial inspections, as needed
• Assist to ensure proper administration and that Loan Policy guidelines are followed during the life of the construction loan, as needed
• Escalate discrepancies to either the Construction Monitoring Assistant Lead, Construction Monitoring Team Lead, Credit Admin Manager, or other members of Management, as needed
• Perform other related duties as assigned

Qualifications

• High School diploma or equivalent
• Minimum of 5 years of banking, loan documentation, credit quality, compliance or underwriting experience
• Knowledge of residential and commercial construction loans, with ability to increase knowledge
• Detailed oriented
• Ability to learn federal and state laws and regulations related to construction loans, including documentation requirements
• Excellent verbal and written communication skills
• Excellent knowledge of a personal computer, database management, and software
• Proficient in Microsoft Office suite of products including Outlook, Word, and Excel

Physical Demands

 

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools or controls; reach with hands and arms, and talk or hear. The employee is occasionally required to walk. The employee must occasionally lift and /or move up to 25 pounds. Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

 

Work Environment

 

The Bank’s professional working environment requires employees to communicate effectively, both verbally and in writing. Employees must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Employees may be exposed to confidential and propriety information within the working environment, therefore, must uphold confidentiality at all times. Due to the possibility of being exposed to high risk situations (i.e. robbery), detailed instructions and procedures are required to be followed at all times to safeguard the Bank’s employees, customers, and assets.

 

 

The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. The principal duties and responsibilities enumerated are all essential job functions except for those that begin with the word “May”.

 

This job description is intended to describe the normal level of work required by the person performing the work. The principle duties outlined are the essential responsibilities and duties.  Other duties may be assigned as needs arise.  Job requirements and/or processes may be modified to reasonably accommodate persons with a disability as required by law.

 

This description is not intended as a contract and is subject to change. Any written contractual agreements supersede this job description.