Cannabis jobs at Johnston Search, INC.
We know of 2 jobs at Johnston Search, INC. as of April 2024, including roles such as Construction Loan Administrator, and Loan Syndications.
More than 30+ days
**Our Client is an innovative Bank**
DESCRIPTION
Provide support to Portfolio Management and Commercial Lending groups in their daily duties in underwriting, closing, and monitoring existing and proposed credits. Responsible for construction loan monitoring, cannabis loan monitoring, participation management, financial information updates, line of credit monitoring, and other related portfolio administrative needs to proactively address the risk to the Bank. Perform special projects for the department manager as needed.
POSITION REQUIREMENTS
Bachelor or applicable degree in accounting, finance, or economics preferred, with two plus years of construction management, credit analysis, and/or loan review experience, preferably in the banking industry. 5+ years of relevant experience can be substituted for an applicable degree. Must be organized, detail-oriented, and proficient in basic software applications such as Microsoft Word and Excel. Strong oral and written communication skills. Strong customer service skills. Ability to think pro-actively and work independently of supervision.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Serve as primary contact for the client, builder/general contractor, and other related parties throughout the construction period of the loan.
- Review construction report monthly. Follow up for receipt of financials, post-closing items, notices of completion, certificates of occupancy, and other conversion-related due diligence items.
- Coordinate all aspects of the draw request process including ordering inspections; reconciling the project budget; reviewing AIA forms/draw requests, invoices, and related correspondence to calculate draw funding on a per line-item basis; reviewing any reallocations from change orders; obtaining internal approval to fund; coordinating with Loan Servicing for the execution of disbursements, and providing confirmation of funding to the client. Work with the RM/PM and client to resolve any potential draw issue.
- Responsible for administrative tracking of all pertinent details relating to the credit facility amongst various spreadsheets. Perform all requests for loan system maintenance and verification of the accuracy of records relating to availability, collateral records, payoffs, and fees owed.
- We are working with the RM/PMs to prepare construction modification, extension, conversion, or annual review approvals and/or documentation. Assist in loan closings as needed.
- Insurance Monitoring (maintain a current insurance policy for all loans in the midst of the construction and ensure the policy is properly converted at completion).
- Perform lot “takedowns” and coordinate with the borrower, title company, and attorney as needed.
- Maintain the construction pipeline and keep the team in the loop as to, title company info, when the loan is scheduled to settle, mature, or current draw request status.
- Perform ongoing reviews to monitor covenant compliance, potential cost overruns, and assurance of timely completion of the project to secure the Banks collateral. Coordinate compliance issues to ensure waivers are approved or covenant default letters are sent to Borrowers.
- Coordinate the monthly and quarterly collection and review/monitoring of the bank's MB or MRB loans.
- Complete review of third-party reports including appraisal, environmental, property condition, and other reports as necessary.
- Assist in the coordination of the sale of loans to investors or participating partners and ongoing file sharing.
Job Type: Full-time
Pay: $70,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Flexible schedule
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
Supplemental Pay:
- Bonus pay
Ability to commute/relocate:
- Baltimore, MD 21209: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Fair Housing regulations: 1 year (Preferred)
- Customer service: 1 year (Preferred)
Work Location: One location
Apply for this job with Johnston Search, INC.
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.
DESCRIPTION
The Commercial Loan Syndications Director is responsible for arranging syndicated financings and/or participation sold. Responsible for selling down credit exposure for commercial loan transactions to include Cannabis financings.
POSITION REQUIREMENTS
- Bachelor's degree in accounting, finance, economics, or related field.
- 10 or more years of credit analysis, business development, or other related real estate lending experience.
- Proficient in basic software applications such as Microsoft Word, Excel, PowerPoint, and Outlook.
- Able to maintain a positive attitude to set the tone for a professional office environment.
- Strong oral and written communication skills.
- Excellent interpersonal and customer service skills.
- Excellent planning and organizational skills.
- Ability to multitask.
- Ability to think pro-actively and work independently of supervision.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Perform market intelligence and build out the syndication
- Develop and maintain active relationships with financial institutions and debt funds to be participants in various loan products, including Cannabis and CPACE products
- Prepare a market strategy for coverage areas
- Oversee the preparations of pitch books, market updates, information sheets for deals, and slides for bank meetings/roadshows as needed
- Negotiate credit/loan documents in concert with bank Counsel.
- Participate in calls and/or discussions with clients, lending partners, and attorneys.
- Develop and maintain various tracking and monitoring reports as well as databases detailing the underwriting criteria of lending partners and related loan information.
- Work closely with the closing coordinator and attorneys to ensure timelines are met.
- Help reduce credit exposure for balance sheet management purposes.
- Undertake special projects and perform all other duties as assigned.
Job Type: Full-time
Pay: $190,000.00 - $210,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Flexible schedule
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
Supplemental Pay:
- Bonus pay
Ability to commute/relocate:
- Baltimore, MD 21209: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Fair Housing regulations: 1 year (Preferred)
- Customer service: 1 year (Preferred)
Work Location: One location
Apply for this job with Johnston Search, INC.
Apply now →
By clicking the "Apply now" button, you'll be leaving Fazow and going to an external job application page for this company.
Please research all companies before applying. When applying for jobs, you should NOT have to pay to apply.
Fazow accepts no liability or responsibility as a consequence of any reliance upon information on external sites or in jobs listed on fazow.com.