Construction Disbursement Administrator

Western Alliance Bank•Phoenix, AZ

12d

About The Position

The Construction Disbursement Specialist is responsible for the disbursement process on all construction loans while mitigating the bank’s risk during the construction process. The duties include but are not limited to reviewing loan budgets and new loan setups, evaluating draw packages, understanding loan documentation, working with various internal departments relating to draw funding, tracking collateral movement, and managing post-construction processes to ensure the bank satisfies its responsibilities in regard to the collateral. This person works closely with our lender’s construction risk managers and our credit/management team to ensure transactions are clearing as expected with little delays. Responsible for preparing and organizing loan draw packages, ensuring quality, completeness and accuracy, prior to disbursement Completes disbursement requests on a portfolio of customers, lending against real estate transactions. Averages 4-8 originator portfolios to monitor and provide updates to Credit on monthly basis of progress. Review for any delays or exceptions prior to maturity and preemptively work with Credit on extension requests. Notifies WHL Sales Officers and management of liens, project budget issues, or other conditions that increase the bank’s risk. Performs other duties and participates in special projects as assigned by management.

Requirements

High school graduation or GED
5+ years of Mortgage industry experience or 2-4 years of experience in commercial real estate construction lending with an emphasis on the disbursement process
Ability to work in a fast paced, deadline driven work environment and handle multiple projects simultaneously with a high degree of accuracy
Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services helpful.
Strong communication skills, especially speaking and listening skills
Experienced with Microsoft Office.

Nice To Haves

Ideal candidate will have prior experience as a Junior Underwriter, Senior Mortgage Processor, Home Builder Closer/Funder

Responsibilities

Reviewing loan budgets and new loan setups
Evaluating draw packages
Understanding loan documentation
Working with various internal departments relating to draw funding
Tracking collateral movement
Managing post-construction processes
Preparing and organizing loan draw packages
Completing disbursement requests on a portfolio of customers
Monitoring originator portfolios and providing updates to Credit
Reviewing for delays or exceptions prior to maturity
Notifying WHL Sales Officers and management of liens, project budget issues, or other conditions that increase the bank’s risk
Performing other duties and participating in special projects as assigned by management