Construction Loan Administrator, Full-Time

Marion, Illinois, United States
Full-time
Posted

Description

Summary: Responsible for servicing a portfolio of construction loans during the construction phase by effectively identifying and managing potential credit risk. Process construction loan draws in accordance with established procedures. Serve as the processing point of contact for commercial and residential mortgage loan officers to resolve construction loan related questions and issues. Monitor the progress of construction projects and clear construction disbursements.
Responsibilities: include but are not limited to the following. Other duties may be assigned.
  • Monitor construction projects by identifying any potential credit risks and managing the process to mitigate those risks.
  • Order and review inspections, title updates, subsequent surveys and appraisals as needed.
  • Analyze draw requests and ensure disbursements are in conformance with terms and conditions of approval and recommendations of inspector’s report.
  • Reconcile construction loan disbursements against construction budgets, including change orders and site inspection results.
  • Utilize third-party construction loan management software to ensure draws are processed correctly, project completion percentages are accurate and the amount advanced under the construction loan is commensurate with established policies, procedures and guidelines. Monitoring of progress of completion.
  • Regularly reviews, analyzes and processes draw requests, budget reallocations and collateral releases for commercial real estate and/or multi-family construction loans based on project completion. Ensure required information has been collected and submitted.
  • Coordinates funding of loan settlements and regular draw takedowns with the appropriate internal departments.
  • Identifies critical risks or project setbacks through careful analysis of submitted documentation, such as budget allocations, invoices, site inspections and lien waivers.
  • Set-up, lead and monitor project plan including budget spreadsheet, disbursement guidelines, draw request review and equity letter.
  • Ensure all loan disbursements are in accordance with the original credit approval and any subsequent deviations are approved by bank personnel with proper authority.
  • Visit construction sites to document project completeness.
  • Report all audit findings as well as day to day occurrences within the floorplan and construction business lines.
All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cyber security, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.
Qualifications and Skills: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.
Education/Experience:
  • High School diploma or equivalent. College coursework preferred.
  • Two or more years of applicable experience with loan and disbursement systems preferred.
  • Two years’ experience with commercial and residential real estate loan documentation, appraisals and inspections including construction contracts, budgets and draw monitoring process.
Knowledge/Skills/Abilities:
  • Strong organizational skills and attention to detail.
  • Strong customer service orientation.
  • Professional demeanor with excellent communication and interpersonal skills.
  • Ability to work independently with strong work ethic.
  • Ability to work in all weather conditions.
  • Ability to problem solve, prioritize tasks and meet required deadlines.
  • Ability to think critically and use good, sound judgment in decision making.
  • Ability to write routine correspondence and communicate effectively and tactfully, orally and in writing with employees, customers, vendors and management.
  • Ability to respond to common inquiries or complaints from customers, co-workers or vendors.
  • Ability to define problems, collect data, establish facts and draw valid conclusions.
  • Must understand and comply with company policies and procedures.
  • Ability to maintain a friendly, helpful and courteous attitude when working with customers or co-workers under diverse conditions.
  • Ability to accurately and quickly complete standard mathematical calculations.
  • Ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations.
  • Ability to use a calculator, computer and applicable software.
  • Ability to use Microsoft Internet Explorer and Microsoft Office programs, specifically Word, Outlook and Excel.
  • Ability to travel. Occasional travel may be required.
  • Valid driver’s license.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee must have the ability to lift and carry 25 pounds for a distance of 50 feet.
Intent and Function of Job Descriptions: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills or working conditions. The duties and responsibilities enumerated are essential job functions except for those that begin with the word “May.”
Banterra promotes an Equal Employment Opportunity workplace which includes reasonable accommodation of otherwise disabled applicants and employees.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. Banterra maintains its status as an at-will employer.

Banterra Bank is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, disability, protected veteran status, or any other characteristics protected by law.

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