Senior CRE Draw Administrator

September 22

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Description

• Responsible for handling all aspects of draw process of an assigned complex portfolio of CRE income property and/or homebuilder loans with accurate and timely review of contracts, front end cost review, budgets, invoices, loan documentation draw terms. • Analyzes routine to complex loan documents, including various CRE income property and/or home builder construction/disbursement terms, syndication terms for accuracy and to verify compliance with credit approval, closing processes, and risk/compliance procedures • Responsible for reviewing appraisal and preconstruction evaluation on new construction and development loans. • Coordinates directly with inspector, title company and Borrower for monthly draw processing and timely receipt of due diligence items. • Partner with third party inspectors to identify, evaluate and elevate any issues regarding construction budget and construction schedule. • Administers loan disbursements in accordance to loan administration policy and guidelines. • Oversees and manages draw files to assure accurate reports, statements, and accounting information, including consistency in accurate and timely draw processing, system processing and maintenance, draw file scanning and uploading. • Maintains a balance of credit policy and compliance requirements with draw processing to ensure draws are processed in a consistent manner in accordance with all policies, procedures and timely to meet Borrower requests.

Requirements

• Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered) • 6 or more years of experience in commercial real estate banking required. • Extensive experience in funding and draw processing of complex CRE income property and/or home builder products. • Understanding of AIA documentation and budget balancing requirements. • Knowledge of CRE income property and home builder credit processes to analyze complex draw requests, cost overrun issues, insurance coverage, title issues, complex loan document draw terms against credit approval. • Experience with excel, budgets, contracts, front end cost reviews, title date downs, insurance, permits, loan system processing, maintenance and troubleshooting of system transactions, GL accounting and wire balancing. • Proven ability to work directly with outside borrowers, inspection consultants, title and insurance companies, participating banks and other third parties in processing complex CRE income property and/or home builder loans. • Proven analytical ability and strong attention to detail, including proficiency in MS Office applications and loan system input.

Benefits

• Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life • Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays • 401k (up to 4% match with immediate vesting) • Tuition reimbursement up to $5,250 annually (minimum service requirement)