Sr Real Estate Construction Loan Administrator - Remote (AZ, IL, NC, TX, FL, MA)
About the positionResponsibilities• Oversees the construction draw process phase for an assigned portfolio of loans of various size, type and complexity. • Forms a full understanding of project scope, requests, and any special needs for all closed loans through collaboration with portfolio managers, commercial banking associates, borrowers, and other stakeholders. • Reviews the risk associated with construction loans to provide guidance to associates involved in the process. • Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations.• Reviews Loan Agreement requirements for adherence during construction draw process to include benchmarks, covenants and limit thresholds. • Reviews third party construction consultant reports and title endorsements to ensure accuracy and completeness. • Communicates deficiencies to the appropriate parties. • Collaborates with portfolio managers on obtaining construction close-out documents as outlined in the Loan Agreement. • Maintains construction draw folders to ensure accuracy and completeness as set forth in the Bank'sProfessional Developer Construction Credit Standards.• Assists management with additional tasks related to the construction loan process, including involvement in complex transactions. • Monitors and reports on daily activities to aid leadership awareness of results. • Facilitates an efficient and effective workflow through process and policy recommendations. • Provides expert direction to activities and less experienced associates. • Works closely with Deal Team and Closing Team during Pre-Close phase to obtain and reconcile all pre-paid Equity. • Onboards newly closed construction projects into Built software for monitoring.• Maintains project and budget within Built software through construction phase to ensure balancing and reconciliation of all project costs and funding sources. • Ensures validity of financial information in Built against loan system of record. • Monitors all funding requests and ensures funding is approved within Bank guidelines and policy. Requirements• Bachelor's Degree and 0 years of experience in Loan documentation prep, review and/or loan processing or basic financial reporting. • High School Diploma or GED and 1 years of experience in Loan documentation prep, review and/or loan processing.• Basic financial reporting. Nice-to-haves• Bachelor's Degree in Business. • Financial Services Construction Loan experience. • Experience with budgets of various complexity and general accounting background. • Ability to work in a fast-paced environment and manage tight SLA deadlines. • Successful in building relationships with borrowers, third party vendors, team members and internal partners. • Intermediate Excel experience. • Strong customer service skills. Benefits• Competitive, thoughtfully designed and quality benefits program.Apply tot his job