Construction Monitor Spec, Sr

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. 

We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance.  401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization.  We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

The Construction Monitoring Specialist, SR works under the direction of the Credit Division and is responsible for monitoring the construction phase of assigned commercial construction loans.  The Construction Monitoring Specialist, SR will work with Commercial Relationship Managers, Commercial Support, Borrowers, title companies, attorneys, contractors, and others to ensure that all information required to make a construction draw is provided and ensures that any issues have been mitigated prior to approving draws. 

Salary Range

The salary range for this position is $52,800/yr - $103,500/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidate’s relevant skills and professional experience, educational qualifications, and geographic location.

We are an in-office culture and have locations throughout the midwest and mid south. 

Key Accountabilities  

Construction Management  

• The Construction Monitoring Specialist, SR will be responsible for a portfolio of construction loans that are in various stages of construction.  The Specialist must be able to prioritize each of the projects and ensure that draw requests are executed timely while making sure that any and all risks have been mitigated.    

• Work closely with Commercial Relationship Managers and Commercial Support Staff on newly approved commercial construction loans to ensure that all required construction documentation is received, reviewed, and approved prior to closing.  The Construction Monitoring Specialist, SR will also facilitate the initial funding of construction loans with the Commercial Support Staff, Relationship Managers, Borrowers, title companies, etc. 

• Facilitate the funding of draws on Commercial Construction loans.  The Construction Monitoring Specialist, SR must ensure that each draw is following loan policy and regulatory requirements.  The draws must be in alignment with the budget and expected percent of completion.  The Construction Monitoring Specialist, SR must think critically to work through and solve problems as they arise.   

Communication and Support 

• Serve as a Commercial Construction Policy expert to provide guidance to Commercial Relationship Managers and Commercial Support Staff during the origination process on policy, procedures, and applicable laws and regulations.    

• Proactively works with Commercial Relationship Managers and Commercial Support staff to find solutions to when construction issues arise.   

• Communicates directly with clients, title companies, attorneys, contractors, etc. when construction issues arise.  Communication may also occur during the origination phase where outside parties need to understand our process or have questions.   

Key Competencies for Position 

 Culture Leadership 

• Communication: Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).   

• Collaboration: Actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.  

• Inclusiveness: Demonstrates strong self-awareness and respect of individual and cultural values by actively contributing to an environment that fosters inclusion, belonging and engagement of all team members. Values and leverages the contributions, perspectives and ideas of all team members in decision-making and group processes.  

Execution Leadership 

• Drive and Execution: Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.  

• Planning and Organizing: Ability to determine a course of action, set and manage priorities, and ensure optimal resources to achieve individual and/or team objectives.  

• Technical Knowledge: Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.  

• Adaptability: Modifies behavior and approach in order to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change.  

 Client Leadership 

• Client Leadership: Puts the client at the forefront of everything they do; continually seeks first-hand client information and perspective and uses this insight to shape one's own behaviors and actions to delight and engage internal and external clients; makes and maintains long-term relationships with clients.  

• Makes and Maintains Personal Relationships: Strives to build and maintain trusted relationships between one's own area and other lines of business to achieve business goals.  

Qualifications and Education Requirements 

• Associates degree in a business-related field or equivalent work experience. 

• Minimum three (3) years in commercial banking.  

• Highly detail oriented, thorough, and ability to think critically with limited oversight. 

• Excellent time and project management skills. 

• Strong organization skills.  

• Refined verbal and written communication skills.  

• Ability to meet strict deadlines. 

• Ability to handle multiple and complex projects in various stages of construction. 

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles. 

As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law. 

We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, SVP, to fill a specific position.

Our culture is firmly rooted in our core values. We are optimistic.

We are collaborative. We are inclusive. We are agile. We are ethical. 

We are Old National Bank. Join our team!