Construction Disbursement Administrator

Western Alliance Bank•Phoenix, AZ

About The Position

The Construction Disbursement Administrator manages residential and commercial construction loan draw processes. This includes reviewing budgets and draw requests, ensuring compliance with lending requirements, identifying project risks, coordinating with internal and external stakeholders, and maintaining accurate loan documentation to support portfolio performance and protect collateral. The role coordinates with loan closers, underwriters, relationship managers, and construction risk administrators throughout the construction loan lifecycle. It reviews loan budgets, loan setup information, and draw packages before funding; verifies submissions against bank policies and documentation requirements; and escalates liens, budget concerns, project delays, and other risks. The administrator manages portfolios of approximately 6–12 originators, provides progress updates and exception reporting to Credit, tracks collateral movement, and supports post-construction processes.

Requirements

At least 1 year of related experience in Loan Administration, Lending and/or Deposit Sales, or a similar field.
High school diploma.
Entry-level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services.
Entry-level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, and practices.
Experience in construction lending, draw administration, mortgage processing, underwriting, loan funding, or builder closing functions.

Responsibilities

Coordinate with loan closers, underwriters, relationship managers, and construction risk administrators throughout the construction loan lifecycle.
Review loan budgets, loan setup information, and construction draw packages for accuracy and completeness before funding.
Verify that draw submissions comply with bank policies, procedures, and documentation requirements.
Identify and escalate liens, budget concerns, project delays, and other risk factors that could affect collateral or loan performance.
Manage portfolios of approximately 6–12 originators and provide progress updates and exception reporting to Credit.
Track collateral movement and support post-construction processes to protect the bank's interests.
Maintain accurate loan documentation and support portfolio performance and collateral protection.