Construction Loan Administrator II

Fifth Third Bank • Cincinnati, OH

1d • $54,400 - $111,500

About The Position

The Construction Loan Administrator II manages and identifies construction risks associated with complex commercial construction loan closings and disbursements. The role analyzes project budgets, verifies supporting documentation, and determines whether loans remain in balance so the bank can monitor project progress against the approved budget and schedule, preserve its collateral position, and support completion without liens. The administrator identifies non-compliance with loan documentation and internal Commercial Real Estate policies and procedures.

For each draw, the administrator reviews the borrower and general contractor's draw package, supporting documents, inspection report, and title endorsement. They balance draws using department templates and the construction management system, raise budget changes or documentation inconsistencies with the Construction Loan Project Manager, recommend resolutions, communicate next steps to borrowers, and keep project managers and line-of-business partners informed.

The position is accountable for managing risk within the Bank's risk appetite, following policies and procedures, raising concerns, and supporting positive customer and colleague experiences. It also maintains construction files and loan-system information, processes interest payments and reserve reporting, supports portfolio reporting and audits, coordinates with internal partners and outside vendors, and mentors junior team members.

Requirements

• Undergraduate degree in Business or Accounting, or equivalent related work experience.
• 3–5+ years administering complex commercial construction loan disbursements.
• Ability to identify construction risks and present solutions to mitigate risks across project types.
• Strong verbal and written communication skills.
• Understanding of internal operations and commercial real estate lending.
• Problem-solving and customer service skills.
• Ability to process and prioritize multiple tasks and large volumes of work under firm deadlines.
• Ability to manage details, work systematically, and maintain a strong commitment to accuracy.
• Proficiency in basic software applications such as Microsoft Word and Excel.
• Ability to learn automated data analysis tools and techniques.
• Ability to execute with limited supervision.

Nice To Haves

• Proficiency with the Bank's internal applications.

Responsibilities

• Review project budgets and confirm that sources of funds and loan commitments are sufficient to complete projects.
• Communicate construction progress and issues—including budget increases, mechanic's liens, equity needs, and delays—to the Construction Loan Project Manager.
• Identify documentation required under loan documents and verify that documentation is appropriate.
• Recommend commercial construction loan disbursements to the Construction Loan Project Manager for projects originated by all lines of business.
• Identify incomplete loan packages, work with varying draw formats and forms, and communicate with customers to correct deficiencies.
• Order and review title updates or endorsements, identify exceptions, pursue remedies, and ensure lien waivers are collected and reviewed for accuracy.
• Review inspection reports, identify issues, and elevate them to the Construction Loan Project Manager, line of business, and Credit Risk Partners as needed.
• Monitor project budget line items and contractor payment applications, investigate budget changes, assess their acceptability, and determine whether interest reserves and contingency amounts remain adequate.
• Identify early warning signs of fraud or project changes that could affect timely, on-budget completion.
• Coordinate with internal partners on tax credit, syndicated, and participated loans to support timely funding; address participant questions and escalate issues to avoid delays.
• Complete internal disbursement and tracking forms accurately.
• Establish and manage construction files and ensure loans are correctly set up, coded, and updated in commercial loan and construction loan management systems.
• Process interest payments on time and complete interest reserve reporting for management.
• Ensure timely payments to outside vendors engaged in the disbursement process.
• Maintain current and accurate information for portfolio reporting prepared for management.
• Provide information for internal and external audits as requested.
• Maintain working knowledge of Commercial Real Estate policies and procedures, review and interpret loan documents, and identify policy deviations.
• Mentor and develop more junior team members.

Benefits

• Comprehensive benefits programs supporting employees' and families' physical, financial, emotional, and social well-being.
• Incentive compensation plan eligibility, with payment based on company, line-of-business, and/or individual performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level