Construction Credit Executive

Shore United Bank is seeking a full-time Construction Credit Executive to join our team. The Construction Credit Executive is is responsible for managing the construction credit quality for the Bank. To do so, this role will ensure the efficient and accurate analysis of construction credit risk for new loan requests and existing lending relationships as well as correct structuring primarily for commercial construction loans; interact with lenders within the Construction and A&D Lending group, and throughout the regions to provide guidance in structuring deals, effectively use authority to approve deals, and negotiate administrative requirements where necessary; interact with mortgage loan officers to limit exceptions, monitor builder credit quality and quickly assess and resolve any construction related delays/concerns; implement strategies to achieve goals developed for the credit department as part of the Bank's annual operating plan; ensuring the department's compliance with operating policies and procedures and outside regulatory requirements; directly supervising assigned personnel; communicating with appropriate management and staff personnel; providing periodic reports.

Essential Functions Include:

• Ensure all activities of the credit department with particular focus on construction and A&D lending are conducted in accordance with bank lending policy and procedure
• Monitor the efficiency, adequacy, and accuracy of all construction lending related analysis performed by analysts via a review of their financial spreads, cash flow reports, and narratives; indicating financial, structural, and other risks; and file documentation and collateral review.
• In coordination with the Regional Credit Executives, manage the department's backlog of commercial construction underwriting assignments to meet the needs of the line staff and customers; ensure proper priority is assigned to all requests; make underwriting assignments to analysts according to their abilities, knowledge of the client, and the department's overall workload at the time; and manage expectations with the Relationship Manager regarding timeframe of approval
• Work with EVP, Construction and A&D Lending and Relationship Managers to negotiate transaction structure and mitigation strategies of key risks for new and existing commercial loans during the underwriting process.
• Work with EVP, Mortgage Lending and Mortgage Loan Officers to complete preconstruction reviews to determine any exceptions to policy and to mitigate where necessary, and to resolve any problem loans which arise during construction for any reason including those which arise as a result of disputes with the builder.
• Exercise loan authority judiciously to protect the Bank while meeting the needs of its clients.
• Approve loans up to $5,000,000 with representation of Line. Construction Credit Executive can have major impact on the performance of the Bank.
• Participate in the training of Credit Analysts in all aspects of underwriting but in particular including construction administration, market feasibility, budget analysis, contractor analysis and industry evaluation.
• Work closely with management and customer service personnel to provide quality customer service and enhance internal operations
• Prepare various reports as requested by the Chief Credit Officer or other Executive management
• Meet with employees and management of related departments to create efficiencies or resolve problems relating to commercial loan approvals, portfolio management, and/or personnel or departmental management
• Work closely with the Chief Credit Officer and Regional Credit Executives to establish goals and strategies for the credit department
• Administers Built software by acting as liaison with the Bank's account representative to resolve software related issues, ensuring appropriate utilization by the department of the program, and representing the Bank's needs to the company for future enhancements
• Assists Chief Credit Officer in maintenance of CAM and periodic input on Policy as it relates to all aspects of construction lending.
• Ensure adequate completion of annual reviews of large exposures and assist with major loan review and regulatory exam preparation
• Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.

Location: Westgate Building - 200 Westgate Circle, Suite 200, Annapolis, MD 21401

Position Type/Expected Hours of Work:

• Full-time.
• Exempt.
• Days of Work: Monday-Friday

Required Education and Experience:

• Bachelor's Degree in relevant field - i.e., Business, Finance, Accounting
• Minimum of 5 years' experience in a related position
• Specialized commercial credit or banking training programs (i.e., RMA, ICBA, ABA, or Moody's lending schools or certificates, bank association led schools, etc.)
• Experience structuring and approving commercial loans
• Strong construction lending skills
• Knowledge of GAAP and various methods of financial analysis
• Prior management or supervisory experience
• Strong knowledge of bank loan policies and federal and state regulations
• Strong communication skills
• Decision complex credits with multiple strengths and weaknesses. Skills include negotiating covenants to adequately protect the Bank while originating more than the Bank's fair share of the market.

Compensation:

• The pay range for this position is $157,500 to $208,500 annually.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.