Assistant Vice President

Ullico•Silver Spring, MD

18h•$160,000 - $180,000

About The Position

Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an AVP, Construction Loan Administration, to join a group that manages a $4.4 billion portfolio. This position is responsible forleading Construction Loan Servicing through the full lifecycle of commercial real estate construction loans. The role ensures accurate, timely, and compliant servicing while managing financial, operational, and regulatory risk. Serves as the organization’s construction lending expert and primary liaison across internal and external stakeholders.

Requirements

Bachelor’s degree in Business Administration, Finance, Real Estate or a related field.
10 to 15 years of construction loan management experience.
Expertise in draw processes, budgets, inspections, retainage, and funding controls.
Ability to manage complex loan situations to arrive at solutions in order to provide senior management and counter parties with direction.
Proven leadership experience.
Exceptional attention to detail and accuracy in financial and document review.

Responsibilities

Direct all construction loan servicing activities (participated and agented deals), including onboarding, system setup, reserve calculations, disbursement controls and funding oversight.
Oversee project budget administration including draws, paydowns, retainage, funding criteria, capitalized interest and validation of equity and funding sources.
Review and approve draw requests, ensuring timely inspections, reconciliation and strong controls to prevent errors or unauthorized funding.
Validate funding sources, equity, retainage, and capitalized interest.
Maintain policies, controls and risk mitigation standards, ensuring alignment with approvals, loan documents, and regulations.
Escalate complex issues to senior management as needed.
Manage third-party inspectors, title partners and insurance consultant to ensure consistent servicing standards across functions.
Oversee portfolio reporting and provide senior management with exposure and risk reporting, support audits and regulatory exams.
Ensure complete loan documentation and compliance, including inspections, title updates, insurance, permits, lien waivers, taxes, interest, and regulatory requirements.
Lead and develop the Construction Loan Administration team, driving consistent practices, succession readiness, Excel/system proficiency standards, and continuous process improvement.
Perform other similar and related duties as required.