Senior Loan Construction Administration Specialist

This is a fully remote position, open to applicants in Alabama, +15 more states.

📋 Description

• Organize construction loan files by reviewing approval documents, contracts, commitment letters, construction loan agreements, budgets, and draw schedules.

• Implement controls to track construction progress and manage fund disbursements.

• Develop tailored spreadsheets to monitor loan-to-value ratios, equity contributions, costs, disbursements, change orders, and remaining available funds.

• Reconcile project tracking with the loan system as necessary.

• Confirm required documentation prior to draw disbursement, including Notices of Commencement, Notices to Owners, surveys, proof of insurance, inspections, partial lien releases, and draw requests.

• Liaise with commercial lenders, CBCs, builders, and other stakeholders to address disputes and challenges.

• Support department procedures, generate and maintain reports, and follow up on audits and compliance.

• Assist in updating Documentation Manuals and propose changes to the Loan Policy Manual to ensure alignment with updates in the Commercial Construction Policy and Procedures Manual.

• Comply with legal and ethical standards, government regulations, laws, and the policies and procedures of the bank.

• Facilitate efficient loan servicing, risk management, and a positive experience in construction lending.

⛳️ Requirements

• 5-7 years of experience in the administration of commercial construction loans.

• 3-5 years of training and supervisory experience.

• At least a high school diploma; a college degree is preferred.

• Demonstrated problem-solving skills with the ability to utilize available resources to enhance technical and analytical capabilities.

• Specific knowledge of banking regulations and construction lien law.

• Familiarity with real estate documentation, construction loan agreements, and AIA documents.

• Proficiency in personal computer applications, particularly Excel and Word, with the ability to adapt skills to other software programs.

• Competence in conceptualizing and creating spreadsheets in Excel, along with troubleshooting and correcting formula or calculation errors.

• Comfortable engaging directly with borrowers, commercial lenders, management, and other professionals.

• Capable of working independently without close supervision, prioritizing tasks, adapting to change, making independent decisions, and managing multiple projects concurrently.

• Commitment to adhering to applicable legal, ethical, regulatory, and bank policy requirements.

• Successful completion of the required annual training following hire.

🏝️ Benefits

• Temporary employment opportunity.

• Remote work with flexible location options.

• Full-time employment.