Senior Loan Construction Administration Specialist

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

📋 Description

• Manage portfolios of commercial and residential construction loans.

• Review approval documentation, contracts, commitment letters, construction loan agreements, budgets, and draw schedules during the initial loan file setup.

• Establish controls to oversee construction progress and fund disbursement.

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

• Reconcile project tracking information with the loan system.

• Validate required documentation prior to disbursing draws, including notices, surveys, proof of insurance, inspections, lien releases, and draw requests.

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

• Uphold departmental procedures and generate and maintain relevant reports.

• Assist in audit and compliance follow-ups.

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

• Facilitate loan servicing, minimize risk, and support the construction lending process.

• Comply with legal, ethical, regulatory, and banking policies and procedures.

⛳️ Requirements

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

• 3-5 years of experience in training and supervisory roles.

• High school diploma required; college degree preferred.

• Demonstrated problem-solving skills utilizing available resources to enhance technical and analytical capabilities.

• Specific knowledge of banking regulations and construction lien laws.

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

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

• Ability to conceptualize and create spreadsheets in Excel, as well as troubleshoot formula or calculation errors.

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

• Capable of working independently, prioritizing tasks, adapting to change, making independent decisions, and managing multiple projects simultaneously.

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

• Successful completion of required annual training following hire.

🏝️ Benefits

• Temporary employment opportunity.

• Flexible work location.

• Option for remote work.