Commercial Construction Administration Specialist
About The Position
Works with Loan Administration, Credit Risk, and Commercial Lending to manage the Bank’s risk related to its commercial construction portfolio. The role primarily ensures accurate and timely processing of commercial construction loan draws in accordance with policy and procedures, supporting efficient, high-quality loan processing. It reviews and approves draws, monitors budgets and projects, and tracks portfolio activity, including management of HVCRE-designated loans. The specialist reviews inspection reports, invoices, appraisals, budgets, and supporting documents to assess costs and determine whether to approve requested advances, adjust draw amounts based on available evidence, or escalate decisions. Projects are monitored for cost increases, change orders, schedule issues, and budget sufficiency. The role may reallocate available funds between budget line items or require additional borrower equity, and reviews or escalates requests to alter the timing of equity injections. The position collects and manages documents required for draw releases, maintains detailed project budget workbooks and supporting documentation, and coaches lenders on the construction process. It also completes final code conversion as loans transition from construction to term status and reviews projects on an ongoing basis to identify issues that could delay completion or negatively affect the Bank’s collateral position or repayment. Other duties include special projects related to reporting, portfolio maintenance, and team support.
Requirements
- College degree.
- At least 3 years of mortgage or commercial banking experience.
- Knowledge or understanding of commercial construction.
- Ability to manage multiple processes, multitask, and work in a fast-paced environment.
- Strong attention to detail, critical-thinking skills, and analytical skills.
- Strong verbal and written communication skills.
- Ability to collaborate with business partners and customers to resolve issues and keep projects within budget.
- Ability to identify potential issues and recommend changes.
- Competency with Excel.
Nice To Haves
- Experience with loan closings and construction draw monitoring.
Responsibilities
- Ensure accurate and timely processing of commercial construction loan draws in accordance with policy and procedures.
- Review and approve commercial construction loan draws and monitor project budgets.
- Process loan draws and track project schedules, budgets, and the commercial construction portfolio, including HVCRE-designated loans.
- Review and validate inspection reports, invoices, and appraisal and draw-review results to assess costs and decide whether to approve or adjust draw requests.
- Monitor project status for cost increases and change orders, assess whether budgets are sufficient to complete projects, and reallocate budget funds or require additional borrower equity when appropriate.
- Review or escalate requests to delay or adjust the timing of required borrower equity injections.
- Collect, review, and manage documentation required for draw releases, including lien releases, surveys, insurance, and change orders.
- Maintain detailed project budget workbooks and organize supporting documentation.
- Provide ongoing training and coaching to lenders to support a smooth construction process.
- Complete final code conversion for proper reporting as a construction loan transitions to a term loan.
- Conduct ongoing project reviews to identify issues that could delay completion or negatively affect the Bank’s collateral position or repayment.
- Support special projects involving reporting, portfolio maintenance, or the team, and accept other duties as assigned.
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What This Job Offers
Job Type
Full-time
