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Assistant Vice President, Senior Construction Loan Administr

Company: CTI Education Group
Location: Jersey City
Posted on: February 17, 2021

Job Description:

Job Description - Assistant Vice President, Senior Construction Loan Administrator (0000F2MZ) Job Description Assistant Vice President, Senior Construction Loan Administrator : 0000F2MZ Description At HSBC, the health and well-being of our employees remains of utmost importance. Many of our roles are permitted to work from home (in states in which HSBC is licensed to operate) until further notice. This position administers a portfolio of the largest and most complex Commercial Real Estate (CRE) construction loans including acting as the lead bank for syndicated construction loans. Decisions advances under approved lines, maintains the Bank's collateral position as the project progresses and sections are released and paid off, settles all activity and ensures proper balances are reflected on the Bank's system of record. Approves loan advances and wire transfers recommended by less experienced personnel. Impact on the Business

  • Serve as key contact with commercial real estate developers and syndicate banks to execute advances of loan proceeds under approved lines, along with repayments and collateral releases on largest construction loans in the industry.
  • Enforce restrictions and requirements of sophisticated loan agreements and other documents prepared on a customized basis by outside counsel.
  • Ensure compliance with Company policy in executing these loans.
  • Assess the information package submitted by the customer and inspecting consultants and identify problems that have historically elevated our risk of loss; stop funding until properly resolved. Customers / Stakeholders
    • Serve as primary post-closing contact with customers for administration and continued funding.
    • Balance customer service goals with enforcement objectives to achieve a balanced relationship with the customer and Relationship Manager.
    • Demonstrate professionalism and knowledge necessary to earn respect and future business from assigned customers. Leadership & Teamwork
      • Ensure effective transfer of information and risks to colleagues as appropriate. Take initiative to ensure all elements of the process are working to minimize inherent risks of CRE and construction lending.
      • Provide technical and administrative direction to less experienced personnel to ensure all activities are completed efficiently and effectively in accordance with policies, procedures, contractual agreements and Federal regulations. Ensure departmental and organizational objectives are met. Operational Effectiveness & Control
        • Draft or contribute to operating procedures for execution of the CRE business.
        • Serve in a control function capacity to ensure compliance with the approved credit and provide early warning of potential risks to reduce Company risk from real estate lending.
        • Construction lending is one of the riskiest products a commercial bank can offer due to the scores of variables that can negatively impact the creation of collateral with enough value to re-pay the loan. Approximately half of these variables are closely monitored by this position and require significant specialized expertise. The execution of the responsibilities of this position can have a significant impact on the Bank's risk profile, industry reputation,
        • regulatory reputation and ultimate loss ratio. Role Context
          • Unlike mortgages or existing structures, construction lending requires the creation of value through the construction and leasing or sale of the underlying asset. This process can take three years and entails a score of potential risks that can ultimately lead to failure of the customer to deliver an asset worth enough to repay the loan. The administration of these loans requires specialized expertise to limit potential losses.
          • The position involves significant customer contact to solicit information, review it for adequacy and compliance and then assess the risk of the loan at
          • that point in time, typically monthly. Problems identified may require further involvement of other focused internal experts. The position determines when
          • and whom to involve due to a risk they have identified.
          • The position is also responsible for customer support and service, assisting the customer with understanding our requirements as well as determining payment amounts and collateral positions. Management of Risk
            • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
            • Promote an environment that supports diversity and reflects the HSBC brand.
            • Elevate identified risk issues to the proper level and type of expertise within the business and without. Observation of Internal Controls
              • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
              • Contribute to the creation of new controls and processes designed to mitigate the Bank's risk of loss.
                Qualifications Employment eligibility to work with HSBC in the U.S. is required as the company will not pursue visa sponsorship for these positions.
                • Bachelor's degree in accounting, business, finance, related field or equivalent experience.
                • Minimum of five years proven and progressive construction loan administration experience or equivalent.
                • Proven analytical, decision-making, communications, interpersonal and organizational skills.
                • Strong experience managing the execution and administration of complex construction loans and multiple collateral types, as well as in leading a syndicate bank group in the administration of a large, complex series of construction loans.
                  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
                  -- Job Field : Commercial Banking Primary Location Other Locations : North America-United States-New Jersey-Jersey City

Keywords: CTI Education Group, Jersey City , Assistant Vice President, Senior Construction Loan Administr, Executive , Jersey City, New Jersey

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