Construction Administration Specialist

Shore United Bank•Felton, DE

40d•$23 - $32•Onsite

About The Position

Shore United Bank is seeking a full-time Construction Administration Specialist to join our team. The Construction Loan Administration Specialist provides support to the Credit Administration and Construction Loan Departments in effort to mitigate the risks of construction lending. This role provides accurate and thorough reviews of construction loan and project documentation, detailed analysis of project budgets and support for draw requests, the ordering and evaluation of inspections, and timely, accurate funding disbursements for construction loan draws all under minimal supervision.

Requirements

High school diploma/GED equivalent.
Minimum of two (2) years of experience in construction administration, documentation/processing, credit administration, lending, retail branch banking, or office administration.

Responsibilities

Draw request processing, which may include:
Review of draw request presented by the contractor/builder or borrower to ensure it aligns with the construction budget and agreed upon draw schedule and/or format.
Order inspections to verify appropriate level of work has been completed.
Review complete inspection reports and communicate with appropriate party/parties regarding discrepancies.
Ensure lien waivers, permits, insurance, occupancy certificates and/or other appropriate documents are received and properly documented.
Communication with lenders, inspectors, builders, and borrowers related to all facets of construction loan administration
Alert lender and/or immediate supervisor if problems exist requiring more in-depth review and/or suitable corrective actions to be taken.
Verify and track appropriate insurance coverages such as Builders Risk, Hazard, Flood, and Liability.
Monitor loan approval and loan agreement covenants and "special monitoring instructions" that pertain to the project.
Know and adhere to construction loan policies and procedures.
Make appropriate recommendations for process improvement and efficiency.
Process approved draw request disbursements timely and accurately
Image completed draw requests to include all supporting documents.
Assist manager with other tracking, reporting, and processing activities relating to the life of the construction loan: pre-close, activation, monitoring, completion, maturing, stale, conversion, or payoff.
Perform other duties as assigned to support the larger Credit Administration and Construction teams.
Coordinates specific work tasks with other personnel within the department, as well as with other departments in order to ensure the smooth and efficient flow of information.
Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.

Benefits

Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
Comprehensive benefits package for full-time employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
Paid parental leave
401k savings plan with up to a 4% company match
Employee Stock Purchase Plan
Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
Opportunity for growth and advancement
Paid training program and continuous training sessions throughout the year on various topics
Generous paid time off and paid sick time
Community involvement opportunities