Residential Construction Loan Portfolio Manager

This internal resource is responsible for managing, providing underwriting recommendations, and monitoring an assigned Residential Construction Loan portfolio. The Residential Construction Loan Portfolio Manager will ensure that the portfolio is managed within established bank policies and risk management parameters.

Essential Functions:

• Attends meetings with customers, builders, and loan originators; assesses proposed construction project, explains draw and monitoring procedures and sets expectations early in the process.
• May provide advice and counsel to clients regarding trends and conditions of the business environment and general banking trends.
• Manages and monitors residential construction loan portfolio and relationships by analyzing financial data, construction contracts, budgets, and appraisals to determine the merits of specific loan requests and prepare underwriting recommendations for review by Credit Risk Manager.
• Analyzes existing loan portfolio by reviewing the portfolio reports to measure progress, percent of completion vs amount of loan proceeds disbursed and ensures budgets are balanced.
• Uses loan tracking software to monitor client loans such as, maturity, repayment schedule, amount and timing of payments received, delinquencies, and outstanding balances.
• Ensures the portfolio administration and risk management of each relationship follows established credit policy, procedure, business strategy, and regulatory guidelines.
• Identifies at risk loans associated with delinquency, arrears, default, cost overruns or potential liens. Takes necessary action to collect past due accounts and resolve cost overruns or liens of all other accounts in conjunction with HLD team leadership.
• Orders supporting loan documentation such as inspection reports, insurance verifications, third party budget reviews, and date downs.
• Coordinates with HLD closers on the closing of residential construction loans.
• Maintains draw files on all residential construction loan customers doing business with the bank, together with prospect files on potential customers.
• Maintains thorough and accurate records with regard to disbursements, regardless of type.
• Ensures draws are dispersed in accordance with bank policy and procedures.
• Responsible for providing line-item breakdowns on all construction projects and working with developer/builder and third-party inspector to ensure draws are properly reviewed prior to disbursement.
• Makes frequent contact with customers and builders to provide assistance, answer pertinent questions, and direct them to other service providers within the bank.
• Works closely with Relationship Manager(s), loan originators and other personnel, documenting and communicating findings.
• Identifies personal training needs and opportunities and addresses gaps and needs.
• Maintains proficiency regarding current Bank systems and software applications.
• May review plans, specifications, contracts and budgets submitted by builders/borrowers. Ensures they are complete and accurate.
• Reviews builder packages and gives recommendation for decision based on bank requirements.
• Acts as advisor and liaison for all HLD employees, researching and troubleshooting complex issues.
• Participates in special projects or duties as assigned.
• Performs compliance and risk management duties as required or assigned.
• Regular, reliable attendance is required.

Qualifications:

• Bachelor's degree in Business, Finance or related field or equivalent experience required.
• 5+ years of experience in residential construction loan monitoring and portfolio management.
• Strong ability to identify material issues and facts and make independent and timely decisions.
• Able to work at a high level of productivity and make timely decisions.
• Excellent written and verbal communication skills; ability to analyze, synthesize and articulate complex ideas and communicate such to colleagues.
• Excellent interpersonal skills; ability to collaborate with and work effectively with diverse groups of people, managing conflict, negotiating for results and developing working relationships with team members.
• Knowledge of construction budgets and associated loan documentation requirements.
• High degree of PC based technical skills, including proficiency with the Microsoft Office Suite of products.
• Strong detail orientation with high level of organizational skills and ability to multi-task, managing interruptions with multiple projects.
• Demonstrated self-motivation and initiative; ability to work well both independently and with others.
• Ability to prioritize assignments and handle multiple priorities while maintaining a high level of service to clients in a deadline driven environment under the direction of management.
• Preferred experience working in the financial services industry.
• Ability to work additional hours as required by operational and production work loads.

Leadership Skills:

• Ability to lead and motivate team
• Coaches and develops team members
• Manages conflict constructively and fairly
• Communicates clearly and persuasively with stakeholders
• Actively listens and incorporates feedback
• Fosters collaboration

Compensation: $77,798 - $116,698

The compensation range represents the low and high end of the base compensation range for this position located in Spokane, Washington. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance.

What Our Culture Can Offer You:

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health, Financial, Retirement and Work/Life Benefits. We are proud to share an overview of our benefits HERE as part of your total compensation.

Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race, religion, sex, gender identity, sexual orientation, national origin, age, pregnancy, disability, genetic information and any other protected characteristics outlined by state, federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team, and we are dedicated to fostering a supportive and inclusive work environment.