Construction Draw Specialist III

TIMBERLAND BANK MASTER • WA

99d • $25 - $37

About The Position

Construction Draw Specialist III - Under the supervision of the Construction Draw Manager, primary function will perform all processes and daily disbursement related to Commercial and Residential Constructions draws. This position will balance and support both the Commercial and Residential areas. The Construction Draw Specialist III will work independently and cooperatively as part of the Construction Draw Department team to provide excellent customer service, perform various tasks in connection with the servicing of Timberland Bank’s commercial and residential construction loan portfolio. The Construction Draw Specialist III will follow Timberland Bank’s operating procedures and credit guidelines, apply the highest standards of quality to their work, and complete tasks on or prior to the due dates. The Construction Draw Specialist III will actively participate in fostering a friendly and positive working environment for all teammates, vendors, and internal customers.

Requirements

• Bachelor’s Degree or 3-4 years of equivalent experience in banking, construction draw, or loan processing.
• Ability to organize/prioritize work, handle workload independently and meet critical deadlines.
• Strong aptitude in decision-making.
• Ability to comprehend and respond appropriately to both oral and written communications and/or directions.
• Teamwork: Positive attitude; willingness to learn and assist; develop interpersonal relationships; encourage and support teammates.
• Quality: Commitment to perform tasks accurately; follow procedures and guidelines; take ownership of mistakes.
• Service: Provide extraordinary service to Borrowers, Lenders, and AMR team members.
• Productivity: Successfully work in a high demand, deadline sensitive atmosphere.
• Communication: Correspond timely, concisely, and professionally; open and honest discussions with Management.
• Time Management: Prioritize multiple tasks or issues competing for a limited amount of time; organize tasks and utilize task management tools.
• Dependability: Regular attendance and punctuality; completing all assigned tasks.
• A high level of competency in Microsoft Office including Outlook, Word and Excel, and the ability to work with other construction draw specific software.
• A strong attention to detail and commitment to following procedures in full.

Responsibilities

• Maintain and reconcile monthly construction loan advances (including Interest Payments, Date downs, Inspections, Draws, Holdback Account Monitoring)
• Plan Review function (reconciling, ordering, pre-collection of funds, balancing GL, etc.)
• Assist Borrowers in the analysis, interpretation of budgets, advances & processes.
• Generate updated construction budgets and guidance on advance processes to Borrowers.
• Review the bank’s policies and procedures to ensure overall compliance within Construction Draw Department.
• Prepare initial set-up of construction files, monitor discretionary tracking, and manage closed files.
• Create and help maintain internal and external compliance reviews for significant processes, procedures, and applications within the Construction Draw Department by coordinating or assisting with the preparation of documentation for examinations.
• Assist with conducting internal monitoring reviews on a scheduled basis and report the results to the Construction Draw Manager and Executive Management.
• Act as a liaison with third party vendors or internal departments to manage and resolve any borrower, lender, or core system application issues.
• Test and analyze data and processes to ensure overall compliance and accuracy.
• Imputing key terms and data for loan accounts into the core using interface software.
• Processing monetary transactions to the general ledger.
• Reviewing invoices from third parties for accuracy and submitting to accounting department.
• Completing projects related to enhanced core efficiencies and data integrity improvements.
• Maintain documentation for new business processes, including updating existing documentation based on enhancement made to existing processes and tools.
• Work with Commercial and Residential Lending Team, IT, and Security stakeholders to improve existing systems’ data and processes for evolving requirements.

Benefits

• Medical, Vision and Dental Insurance
• Paid vacation and holidays
• Paid Birthday Day Off
• Two pay periods per month
• Paid sick leave
• 401k and employee stock ownership plans
• Paid training and advancement opportunities
• Numerous employee only banking benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Master's degree
• Number of Employees: 251-500 employees