Construction Administrator II

M&T Bank•York, PA

63d•$74,600 - $124,400

About The Position

Independently administers a complex commercial real estate and multifamily residential construction loan portfolio from origination through payoff or rollover. The role supports construction loan closings and funding, monitors budgets, covenants, inspections, title matters, project performance, and risks, and works with borrowers and internal and external stakeholders to address issues. It also contributes to department initiatives, supports training on complex loans, and helps maintain the Bank’s internal controls and regulatory compliance.

Requirements

Bachelor’s degree and at least 3 years of proven commercial real estate and/or multifamily closing, asset management, loan administration, or underwriting experience; alternatively, a combined minimum of 7 years of higher education and/or work experience, including at least 3 years of that relevant experience.
Strong analytical skills.
Strong organizational skills.
Strong verbal and written communication skills.
Ability to interact with all levels of personnel.
Detail-oriented.

Nice To Haves

Previous Bank experience in commercial real estate and multifamily residential construction monitoring or loan workout.
Knowledge of Bank policies, procedures, and banking regulations.
Proficiency with personal computers, pertinent software packages, loan information systems, and internet applications.

Responsibilities

Review loan documents for consistency with loan approval and Bank construction requirements.
Coordinate with closing attorneys, borrowers, investors, and participants on pre- and post-closing construction loan requirements, checking adequacy and compliance before settlement or advances.
Ensure upfront equity requirements are met before hard-cost funding.
Analyze and maintain loan budgets and reallocations to keep projects aligned with approved costs and completion dates.
Prepare ticklers, track construction covenant compliance, and enter relevant covenant data into the system for senior management reporting.
Work with inspectors to ensure timely inspections and obtain appropriate information about project budget and completion status.
Work with Relationship Managers, inspectors, and borrowers to resolve unforeseen construction issues.
Apply state-specific title requirements to maintain the Bank’s lien priority, working with title companies, Relationship Managers, and customers to address intervening liens and other title matters.
Identify critical risks or project setbacks through analysis of title updates, draw documentation, budget updates, and site inspections; escalate issues to appropriate internal and line management for resolution and approval.
Participate in department-wide special projects and initiatives as needed.
Maintain loan budgets and project performance appropriately in the system.
Assist the manager with training new employees or addressing issues related to complex loans.
Adhere to the Company’s risk and regulatory standards, policies, controls, and Risk Appetite, and escalate risk-related issues to management.
Promote an environment that supports belonging and reflects the M&T Bank brand.
Maintain M&T internal control standards, including timely implementation of internal and external audit points and applicable issues raised by external regulators.
Complete other related duties as assigned.