Commercial Construction Draw Specialist at Southside Bancshares

Job description

Position Title : Commercial Construction Draw Specialist FLSA Status : Non-exempt Reports to : Commercial Construction Draw Manager Location: Austin Domain or FW University Center Benefits: Medical, Prescription Drugs, Dental, and Vision Insurance Insurance Eligibility for Team Members and Dependents Starting on the First Day of Employment 401(k) with a Match Basic, Voluntary, and Dependent Life Insurance Paid Time Off Paid Bank Holidays Workplace Wellness Programs Employee Assistance Programs Tuition Reimbursement Job Summary : Under general supervision, the Construction Draw Specialist assists in all aspects of processing construction draws for commercial borrowers. The construction draw process includes reviewing advance requests, ordering inspections and reports as appropriate and posting advances to the core system. Essential Functions : Reviews submitted draw requests from contractors and/or borrowers, ensuring they align with the project budget, loan agreements, and relevant documentation. Communicates with external vendors including third-party inspectors, surveyors, and title companies to gather project data and will input data into the draw monitoring system. Updates project completion progress in draw monitoring system in accordance with inspections. Communicates with lenders, lending assistants, borrowers, vendors on draw requests, including status updates, discrepancies, or any issues encountered when reviewing requests. Confirm that all necessary documentation, such as invoices, lien waivers, and inspection reports are accurate and complete. Requests and collects funds from participant and member banks on participated or syndicated loans, including sending rate notices as applicable Verify that all draw requests adhere to loan agreements, internal policies, and relevant regulations. Analyzes and address problems or issues as they arise, understanding when there is a sense of urgency. Has thorough understanding of the construction loan process. Maintains confidentiality of all sensitive Bank information. Maintains a positive and caring atmosphere for customers and employees consistent with Southside Bank’s mission, CORE Values, and Blue Book culture guide. Provides enthusiastic, professional, and courteous service to Southside Bank customers and employees. Participates in proactive team efforts to achieve departmental and company goals. Understands and agrees to abide by the policies and procedures established at Southside Bank. Responsible for complying with audit policies and procedures as they pertain to this position. Performs duties in compliance with applicable laws and regulations, including but not limited to the Bank Secrecy Act (BSA) and related anti-money laundering laws, and in accordance with the Bank’s Information Security Program. Must comply with all applicable laws and regulations. Additional Functions: Perform routine duties with minimal supervision using standard practices or procedures. Complies with all safety policies, practices, and procedures. Report all unsafe activities to supervisor and/or Human Resources. Performs additional duties, as assigned or directed. Required Education/Experience : Associate’s degree or equivalent from a two-year college or technical school; or a minimum of four year’s related experience and/or training; or equivalent combination of education and experience. Familiarity with construction draw terminology, project phases, and common industry practices. Familiar with participation/syndication loans including both lead and purchased positions. Necessary Skills : Knowledge of financial institution policies, procedures and regulations preferred. Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to clearly and effectively communicate with various stakeholders, both verbally and in writing. Critical thinking and