Commercial Construction Loan Administrator
- Provide input into the discussion of terms and structure of new construction deals for the Commercial Real Estate (CRE) Group. Responsible for review of the loan approval and documentation, system set up, file maintenance, data input, and the draw process. Work specifically on complex loans for commercial real estate/construction. Administer and monitor loans on an ongoing, day-to-day and transactional basis working in close partnership with the Relationship Manager and other CRE and operational personnel. Act as a liaison with customers, inspectors and title company representatives during all phases of construction financing. Responsible for setting up and monitoring loan and any ticklers to ensure accuracy and timeliness. Administer loans in accordance with credit policy requirements for risk management/mitigation, ensuring compliance with approved terms and conditions. Provide monthly construction draw analysis, budgetary and system reconciliation and disbursement recommendation. Ensure all necessary documents have been received. Take action on items that may affect the disbursement process such as change orders, sufficiency of funds, liens, etc. Ensure funding occurs within designated timeframes. Board the loans into the construction administration system and work hand in hand with the operations group. Monitor any post-closing conditions/tasks defined in the loan agreements. Provide a superior level of customer service to customer and line of business while concurrently managing construction risk.
Bachelor's degree in a relevant discipline (Finance, Accounting, Business, etc.)
3-5 years of relevant commercial real estate construction loan administration experience
Excellent analytical and problem solving skills
Excellent organizational and time management skills.
Proven ability to administer a portfolio of complex commercial construction loans, and competing priorities.
Strong written and verbal communication and collaboration skills
Proficiency with personal computers and related software such as Word, Excel and other Windows programs.
Eight Eleven Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, national origin, age, sex, citizenship, disability, genetic information, gender, sexual orientation, gender identity, marital status, amnesty or status as a covered veteran in accordance with applicable federal, state, and local laws.