SBA Commercial Construction Specialist, Senior

Location: On site in Orlando, FL or Raleigh, NC

Summary

This position will provide administrative and commercial lending support to Commercial Lending Relationship Managers, Portfolio Managers and Client Specialists who provide SBA Real Estate and Construction lending. Note: This job description is not all inclusive of every duty that may become necessary in performing this job since loans and construction vary on individual projects, and additional information or duties may become necessary depending on circumstances.

Essential Duties and Responsibilities:

• Review Loan Approval for all deal terms and requirements and confirm that all terms, requirements, and Borrower information is consistent with term sheet, commitment letter (if applicable), and Loan Closing Documents.
• Verify standard Loan Closing Documents are complete and accurate according to policies and procedures with regard to construction documentation requirements
• Work with Line of Business and Borrower to review and update the Construction Checklist and the construction and due diligence documents received
• Request and review bids from 3rd. party Construction Consultant(s) when required. Review and approve any Up Front and monthly reports as provided by Consultant
• Review and approve all required construction documents, provide comments, and forward to 3rd. party consultant as required by policy and/or procedures.
• Interface with Lenders, Borrowers, Attorneys, Title Companies, General Contractors, Consultants, and Agents to ensure proper documentation is received for Loan Closings and Draw Requests.
• Verify Payment Instructions that are provided by Borrower for loan closing and ongoing monthly draws. Confirm instructions match the instructions provided by the Loan Documents.
• Maintain and update project budgets as approved at closing, track changes made and ensure funds are sufficient to complete the project.
• Approve loan Budget changes within established limits or refer loan to RM or SCO for further approval/override as provided by Policy.
• Review and approve Draw Requests and supporting documents as submitted by Borrower, to include stored materials, deposits, insurance and any other requirement common in the construction process or required by the Loan Documents. Confirm that Consultant's report supports the amount requested.
• Provide documentation to Loan Operations to disburse loan funds in accordance with Payment Instructions within the established SLA.
• Manage the disbursement and payment process to and from bank participants, junior lenders and agents.
• Ensure compliance with approved Policies and Procedures.
• Manage loan exceptions within policy/procedures.
• Monitor requirements as provided by executed leases and permanent lenders.
• Maintain a working regulatory knowledge regarding, Flood Insurance, General Insurance, Title Issues, Mechanics Lien Law, Survey's and Bank Loan Documentation as well as SBA SOP requirements.
• Assist Line of Business and Borrowers with understanding construction and construction documents as the Subject Matter Expert. Remain accessible and available to answer questions, and provide feedback or additional information promptly upon request.
• Perform all other duties as assigned.
• Assist in training less experienced Loan Specialists.

Supervisory Responsibilities:

• None

Qualifications:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

• Bachelor's degree and a minimum of 10-12 years of experience as a Construction Specialist or equivalent combination of education and experience in banking, construction and/or commercial real estate
• Microsoft Office suite

About UsFirst Horizon Corp. (NYSE: FHN), with $82.6 billion in assets as of September 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

Benefit Highlights
Medical with wellness incentives, dental, and vision
HSA with company match
Maternity and parental leave
Tuition reimbursement
Mentor program
401(k) with 6% match
More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Corporate Access Commitment:
At First Horizon, we focus on what matters most to our associates, clients and the communities we serve. As we continue to evolve, we remain committed to an open and supportive workplace and providing opportunity and access to capital and counsel for all.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)