Cannabis Construction Loan Administrator Jobs
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Here are 3 cannabis jobs mentioning "construction loan administrator" in April 2024, at companies like Baird Consulting Group, Johnston Search, INC., and CFG BANK, including positions such as Construction Loan Administrator.
More than 30+ days
JOB TITLE: Construction Loan Administrator
DEPARTMENT: Commercial Banking
REPORTS TO: Commercial Portfolio Administration Manager
FLSA STATUS: Exempt
SUPERVISES: N/A
SUMMARY:
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 risk to the Bank. Perform special projects for the department manager as needed.
JOB 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 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 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; review any reallocations from change orders; obtaining internal approval to fund; coordinating with Loan Servicing for 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 accuracy of records relating to availability, collateral records, payoffs, and fees owed.
- Working with the RM/PM’s to prepare construction modification, extension, conversion or annual review approvals and/or documentation. Assist in loan closings as needed.
- Insurance Monitoring (maintain current insurance policy for all loans in the midst of construction and ensure policy is properly converted at completion).
- Perform lot “take downs” and coordinate with 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/or quarterly collection and review/monitoring of the banks MB or MRB loans.
- Complete review of third-party reports including appraisal, environmental, property condition and other reports as necessary.
- Assist in coordination of sale of loans to investors or participating partners and ongoing file sharing.
CFG Community Bank has established policies and procedures to fulfill the requirements of the Bank Secrecy Act (BSA), USA Patriot Act (Customer Identification Program) and Economic Sanctions Program (OFAC). In order to enable its employees to achieve the objectives and responsibilities outlined in these policies and procedures and to comply with the requirements of these Acts and Laws, the Bank has set forth up-to-date currency transaction reporting and suspicious transaction reporting procedures intended to assure the preparation and filing of complete and accurate Currency Transaction Reports (CTR) and Suspicious Activity Reports (SAR) for each and every reportable transaction and has provided current OFAC lists for new customer and loan applicant comparisons.
As an employee of CFG Community Bank you are required to be:
· Dedicated to achieving the objective of assisting Bank Management in their efforts to identify reportable transactions; and
· Dedicated to achieving the objectives and reporting requirements outlined in the Bank’s BSA, Customer Identification Program and Economic Sanction Program policies.
The MANDATORY training to comply with the requirements of the Bank’s BSA, USA Patriot Act and Economic Sanctions Program will be provided by THE bsa DEPARTMENT within 90 days of accepting this position.
EQUAL OPPORTUNITY EMPLOYER/VETERANS/DISABLED.
Job Type: Full-time
Pay: $70,000.00 - $80,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible schedule
- Health insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
Supplemental pay types:
- Bonus pay
Ability to commute/relocate:
- Baltimore, MD 21209: Reliably commute or planning to relocate before starting work (Required)
Education:
- Bachelor's (Required)
Experience:
- Customer service: 3 years (Required)
- Credit analysis: 4 years (Required)
- Construction Loan: 3 years (Required)
Work Location: Hybrid remote in Baltimore, MD 21209
Apply for this job with Baird Consulting Group
Apply now →
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**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.
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 risk to the Bank. Perform special projects for the department manager as needed.
Apply for this job with CFG BANK
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.