CRE Construction Loan Portfolio Manager II

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. General Function Provides risk analysis for the loan closing and administration on commercial real estate transactions that present complex structures around investment and owner‑occupied construction loans. This key member of the coverage team reviews construction‑related contracts and loan documents to ensure documentation meets Bancorp policies, procedures, and loan approval structure. Identifies and provides guidance for any material deviations to construction loan policy/procedures and inconsistencies to loan approval that need to be addressed prior to closing. Performs lead role in the review and funding of complex commercial construction loans. Primary responsibilities include the management and identification of construction risks associated with commercial construction loan disbursements by completing a detailed analysis of project budgets, reviewing sufficiency of supporting documentation, and determining whether the loan remains in balance. This critical review allows the bank to track the project’s progress to the scheduled delivery and approved budget while ensuring the project is completed lien free so that the bank’s collateral position is preserved. Collaborates with line of business and Credit partners on construction risk and offers solutions to mitigate risk. The role is responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. Essential Duties & Responsibilities Possess a strong working knowledge of the Commercial Real Estate Policies and Procedures. Accountable for all assigned customers and associated construction projects. Review General Contractor, Architect/Engineer agreements, construction budgets, and loan agreement to ensure bank’s construction policy and procedures are adhered and aligned with approval. Coordinate the review and resolution of any issues identified in the third‑party plan, spec, and cost reports as well as coordination of Bank’s Consultant’s for monthly draw requests. Review budgets to confirm all sources of funds such as equity and loan commitment are sufficient to complete the project. Monitor changes by line item in the project budget and contractor payment applications, pursue explanations to budget changes, and determine if changes are acceptable. Evaluate if interest reserve and contingency line items remain adequate. Escalate any out of balance situations to LOB and Credit Risk partners. Review and reconcile equity documentation to determine that equity contribution per loan approval has been met. Collect and review all Post‑Closing construction‑related documentation. Identify documentation required pursuant to loan agreement. If documentation is deemed insufficient, recommend to LOB and/or Borrower alternate solutions to ensure proper evidence is obtained. Verify that Construction Loan Administrators (CLA’s) review the appropriate draw documentation. Provide a high‑level secondary review function on draws reviewed by CLA’s. Communicate with LOB and Credit Risk partners the progress of construction projects and issues that may need to be addressed, such as budget increases, mechanic’s liens, equity needs, and project delays. Approve commercial construction loan disbursements for all types of commercial construction projects originated by all LOBs. Prioritize pending work for multiple projects related to the review and approval of commercial real estate construction loan closings and advances. Be a resource and provide guidance to the CLA team members and business partners. Coordinate with internal partners on syndicated or participated loans to establish a portal to share draw documentation timely with participant banks. Address participant questions or concerns and elevate issues as appropriate to avoid funding delays. Develop relationships with LOB and Credit Risk Partners as a trusted advisor for construction loan administration. Order and review title updates or endorsements, as applicable, identify exceptions and pursue remedies to remove exceptions. Ensure all appropriate lien waivers are collected, reviewed for accuracy and seek corrections if necessary. Review inspection reports, identify issues, raise issues to LOB and Credit Risk Partners, and provide recommendations for resolution. Be well‑versed in identifying early warning signs of fraud or project changes that may impact the completion of project delivering on time and within budget. Complete all internal forms required for closings, disbursements and tracking and comply with RCSA. Review interest payments completed by Construction Loan Administrators and ensure monthly interest reserve reporting for management is completed by deadline. Ensure timely payments to outside vendors engaged in the disbursement process. Maintain current and accurate information for all portfolio reporting prepared for Management. Provide information for internal and external audits as requested. Establish and manage construction files on shared drive, construction management system and CLA SharePoint. Ensure loans are properly set‑up, coded and updated on the commercial loan systems. Mentor and develop more junior team members and partners. Supervisory Responsibilities May have responsibility for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and providing challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments. Minimum Knowledge, Skills And Abilities Required Degree in Business or Accounting preferred. 5+ years of commercial real estate construction credit analysis and/or loan review experience in the banking industry, or business‑related experience at a developer or title company. 7+ years administering commercial construction loan disbursements. Proven ability to identify construction risks. Clear and articulate oral and written communication skills. Requires a solid understanding of internal operation functions and commercial real estate lending. Skilled in problem solving and customer service. A self starter with the ability to work in a deadline‑driven environment and multi‑task with excellent attention to detail. Proficient in basic software applications such as Microsoft Word and Excel. Proficiency with the bank’s internal applications is a plus. Ability to execute with minimal to no supervision required. All the above duties and responsibilities are essential job functions for which reasonable accommodation will be made. All job requirements listed indicate the minimum level of knowledge, skills and/or ability deemed necessary to perform the job proficiently. This position description is not to be construed as an exhaustive statement of duties, responsibilities or requirements. Employees may be required to perform any other job‑related instructions as requested by their supervisor, subject to reasonable accommodation. CRE Construction Loan Portfolio Manager II Total Base Pay Range 82,100.00 – 172,500.00 USD Annual At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well‑being. You can learn more about those programs on our 53.com Careers page at: or by consulting with your talent acquisition partner. Location: Rosemont, Illinois 60018 Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. #J-18808-Ljbffr