The Construction Monitoring Specialist reviews submissions from internal and external sources for accuracy prior to approval inclusive of proper and thorough documentation for funding. Essential Duties . Review in-house and third party fund control construction draw requests, ensuring Bank requirements are met prior to approval and processing. Processing and balancing disbursements within the loan budget on construction loans. Align the system, budget and application of funds for adequate project... more details balancing. Ensure Borrower equity has been verified prior to the first draw. Reconcile conditional and unconditional releases to invoices for hard costs. Reconcile soft cost draw requests to provided invoices and proof of payment. Ordering and reviewing 3rd party inspections to ensure all requests in the draw package are of a reasonable estimate of work for the funds requested, complete and accurate. Review budget line items for draws are within budgetary limits, are accurate with corresponding invoices and Lien releases accompany requests for funds, as required. Process Line of Credit advances as appropriate and other non-construction Bancontrol draws while ensuring requests are valid and accurate before submitting for approval. Organize, track and file preliminary notices on active projects. Process inspection and fund control invoices as necessary for timely payment. Maintain and balance Bancontrol accounts. Interface with branch personnel, borrowers and project contractors to establish fund control system accounts. Work with Title Companies for any required endorsements. Complete wire transfer documentation for approval. Maintain compliance with all Federal Reserve Banking laws and regulations. Adhere and promote the mission of Farmers & Merchants Bank. Maintain compliance with all F&M's policies and procedures. Identify opportunities to expand the Bank's construction lending portfolio through professional organizations and networking opportunities as applicable. Be an advocate for Farmers & Merchants Bank both personally and professionally. Other duties as assigned by management. Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. This position will elevate suspicious activity to supervisory staff and/or BSA department. Completes compliance and other technical training workshops as assigned. Required Knowledge Privacy Laws. Bank Secrecy Act. Working knowledge of Real Estate Settlement Procedures Act (RESPA) - HUD Regulation X and Truth In Lending Act (TILA) - Regulation Z - Basic accounting skills and working knowledge of general ledgers Basic Knowledge, Skills and Abilities Ability to handle confidential information with discretion. Ability to perform work requiring attention to detail Ability to perform simple mathematical calculations. Ability to work in a fast paced environment Ability to actively listen and learn. Ability to respectfully communicate with Supervisors and Co-workers. Ability and desire to foster and interact in a team environment, and willingness to contribute and support team efforts. Basic underwriting, compliance and agency product knowledge Knowledge of all types of loan documentation. Excellent Customer Skills. Excellent Telephone Skills Excellent Communication skills (verbal & written) Organizational Skills Critical Thinking, Judgment & Problem Solving Skills. Officer Title Eligibility For qualified positions, the Bank may designate Officer Titles to employees who meet defined competencies for an eligible position. This position is not eligible for an Officer Title. Equipment Operated Telephone. Desk top Computers Standard Office Equipment (copiers, fax machines, scanner)
Job Abstracts is an independent Job Search Engine. Job Abstracts is not an agent or representative and is not endorsed, sponsored or affiliated with any employer. Job Abstracts uses proprietary technology to keep the availability and accuracy of its job listings and their details. All trademarks, service marks, logos, domain names, and job descriptions are the property of their respective holder. Job Abstracts does not have its members apply for a job on the jobabstracts.com website. Additionally, Job Abstracts may provide a list of third-party job listings that may not be affiliated with any employer. Please make sure you understand and agree to the website's Terms & Conditions and Privacy Policies you are applying on as they may differ from ours and are not in our control.
We would like to take a second to Welcome You to Job Abstracts, the nation’s largest Pure Job Board. With over 3.1 million job listings from 15,000+ Companies & Organizations, we help job searchers find careers that match their interests. As an anonymous user, you have probably discovered how easy our system is to use. However, you have just scratched the surface of what we can offer.
We encourage you to Register so you can use our most powerful features: searching with multiple terms, setting up multiple locations, establishing favorite companies, and accessing your search history. If you find a job you like, you can apply directly for it, and then, keep notes on it. We will also keep a lookout for jobs that match your search terms and email you when we find something you may like.
You can register for free and the system is free to use. If you like our system so far, click on Register and unlock the power required by serious job searchers.
Any time you conduct a search, the system shows you job matches, ranked by their Relevance Score (RS).
The score is calculated by a proprietary algorithm that uses Intelligent Machine Learning.
The Relevance Score tells you how well the job opportunity matches your search term or terms.
When not logged in, the system is limited to one search term. Scores for single term matches are usually lower.
When you register, log in, and set up multiple terms prioritized by importance, the jobs found for you will receive a much higher Relevance Score.
