Lead Loan Administrator Construction

City National Bank • Los Angeles, CA

13d

About The Position

The Construction Loan Administrator is responsible for the end-to-end servicing and administration of complex commercial construction loans and projects, including monitoring syndicated deals as an agent or participant. The role requires technical knowledge of construction lending, loan documentation, title review, and budget management. The administrator ensures loans are accurately set up, monitored, and serviced in accordance with loan agreements, bank policy, and established timelines. Work includes monitoring construction throughout the loan lifecycle, setting up loans and budgets, processing construction loan draws within established budgets, and reviewing construction loan agreements and budgets.

Requirements

• Bachelor’s degree or equivalent.
• Minimum of 8 years of experience in construction loan administration or commercial real estate.
• Client-facing presence.
• Project management skills, including the ability to prioritize tasks and adapt to changing priorities.
• Organizational and time-management skills.
• Understanding of bank policies and procedures related to satisfying loan closing conditions, documents, and services.

Nice To Haves

• Previous experience at large financial institutions.
• Prior closing experience, paralegal experience (including understanding legal language and documents), or credit experience or understanding.

Responsibilities

• Review credit memos and loan agreements to ensure terms and budgets align with approved credit.
• Enter new construction loans in the system and set up budgets for complex projects.
• Ensure loan setup line-item budgets comply with credit approval and the Construction Loan Agreement.
• Review draw requests against specific budget line items and ensure funding remains within budget.
• Review and approve draws for disbursement.
• Obtain approval for budget change requests and line items.
• Reconcile borrowers’ construction loan budgets with bank records.
• Obtain title insurance date-downs or change orders for draw requests.
• Order third-party inspection reports, process invoices, and reconcile them.
• Track and follow up on the receipt and approval of inspection and title date-down reports.
• Monitor the use of borrower funds and disburse funds on the borrower’s behalf.
• Monitor interest reserve adequacy on all accounts.
• Monitor and reconcile Construction Loan Disbursement Reports.
• Maintain and monitor current property and general liability insurance for all files.
• Interface with relationship managers, title companies, legal counsel, the appraisal department, construction services, accounting, and other parties.

Benefits

• Comprehensive healthcare coverage, including medical, dental, and vision plans, available the first of the month following the start date.
• Generous 401(k) company matching contribution.
• Tuition reimbursement and internal upskilling and training resources.
• Vacation, sick, and volunteer time.
• Fertility benefits and cancer, diabetes, and musculoskeletal support programs.
• Career mobility support from a dedicated recruitment team.
• Colleague Resource Groups for networking and community engagement.
• Eligible for bonus and/or commissions.

What This Job Offers

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