Company:

Valley Bank Location:

Morristown, NJ Career Level:

Mid-Senior Level Industries:

Banking, Insurance, Financial Services Description Responsibilities include, but are not limited to: Responsible for the Administration of all Commercial Construction Loans and the processing of all construction loan advances as well as the upkeep of contract and file information. Monitor commercial construction projects from inception to completion. Analyze construction cost estimates. Review construction loan commitment letters and construction agreements assuring compliance with approved construction credit conditions. Oversee the review construction inspection reports prepared by outside vendors for single family residential, site improvement work and vertical commercial construction projects to ensure compliance with loan documentation as well as bank regulations. Validate that all municipal approvals and construction requirements have been met. Manage construction loan advance function insuring conformance with loan documentation. Attend bank meetings relating to commercial loans and follow up on any outstanding issues. Comprehensive oversight of all construction loans in the commercial bank. Management of two construction loan administration sites and all employees including hiring, coaching/development, performance reviews and disciplinary action. Manage vendor relationships with inspection firms, build and maintain relationships with outside counsel and title companies. Manage the department's service levels (to line, loan operations, appraisal, and risk functions) and ongoing relationships within the bank. Continually look for ways to improve process to make them more efficient and effective.