Sr Real Estate Construction Loan Administrator - Remote (AZ, IL, NC, TX, FL, MA)
About the position Responsibilities • 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's Professional 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