Construction Loan Administrator (Remote)

Byline Bank.•Schaumburg, IL

5d•$32 - $37•Hybrid

About The Position

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender. At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include: U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026. Newsweek’s America’s Greatest Midsize Workplaces for Women 2026 Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026 Chicago Sun Times Chicago’s Best Workplaces 2024, 2025 Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026 By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Requirements

3+ years construction loan administration experience within a financial institution.
Working knowledge of construction loan concepts.
Qualitative analytical skills.
Knowledge of MS Suite of Products (Word, Excel, and Outlook).
Ability to work collaboratively with a variety of stakeholders at all levels.
Be self-motivated with a strong attention to detail.
Have strong change management, organizational and planning capabilities.
Strong written and verbal communication skills.

Responsibilities

Responsible for the analyzing and preparation of construction draws / disbursement requests and forms required for construction loans.
Assists with funding the construction draws / disbursement requests and for handling the general inquiries and questions from customers, loan officers, and title companies concerning the construction draws / disbursements including funding availability, obtaining endorsements and approvals.
Help analyze and reconcile construction budgets to evaluate budget variances and estimated cost to complete. Verifies compliance with loan covenants. Communicates the results of the analysis to the Credit Administration Manager and/or Loan Officer.
Help analyze and review Sworn Owner and Contractor Statements, AIA documentation, Invoices, and Lien Waivers.
Help engage inspecting architects for plan and cost review and monthly inspections. Review and approve inspecting architect reports and plan and cost reviews.
Help review and accept property and builder’s risk insurance from the property owner, and general liability insurance and workman’s compensation insurance (if necessary) from the general contractor for construction loans.
Serves as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
Help support other collateral monitoring functions on a backup basis.
All other duties as assigned.