Commercial Construction Administration Specialist

This is a fully remote position, open to applicants in Alabama, +7 more locations.

📋 Description

• Oversee the Bank’s risk associated with the commercial construction portfolio.

• Ensure the prompt and accurate processing of commercial construction loan draws in accordance with established policies and procedures.

• Evaluate and authorize commercial construction loan draws while monitoring project budgets.

• Process loan draws and guarantee that projects stay on schedule and within financial constraints.

• Report on and track the commercial construction portfolio, including supervision of HVCRE-designated loans.

• Assess and confirm inspection reports and invoices to validate costs and facilitate advance approval decisions.

• Approve or modify draw requests based on the provided supporting documentation.

• Monitor project progress for cost escalations and change orders, assessing whether budgets are adequate to complete the projects.

• Review or escalate requests for delays or adjustments to required borrower equity contributions.

• Gather, assess, and manage documentation necessary for draw releases, including lien releases, surveys, insurance, and change orders.

• Maintain comprehensive project budget workbooks and accompanying documentation.

• Train and mentor lenders on the construction process.

• Execute final code conversions as construction loans transition into term loans.

• Conduct ongoing project evaluations to pinpoint issues that may hinder completion or adversely affect collateral or repayment.

• Assist in special projects related to reporting, portfolio management, and team support.

• Undertake additional duties as assigned.

⛳️ Requirements

• Bachelor’s degree.

• At least 3 years of experience in mortgage or commercial banking.

• Experience with loan closings and monitoring construction draws is advantageous.

• Familiarity with commercial construction processes.

• Ability to manage various processes and multitask effectively in a dynamic environment.

• Detail-oriented with strong critical thinking and analytical skills.

• Excellent verbal and written communication abilities.

• Capacity to collaborate with business partners and clients to resolve issues and ensure projects adhere to budget constraints.

• Ability to identify potential problems and suggest improvements.

• Proficient in Excel.

• Must fulfill required annual compliance training.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health and wellness benefits.

• Opportunities for professional development and career advancement.

• Flexible work arrangements.