Loan Administrator Sr Construction

City National Bank • Los Angeles, CA

2d

About The Position

The Construction Loan Administrator is responsible for end-to-end servicing and administration of complex commercial construction loans and projects, including monitoring syndicated deals as agent or participant. The role applies technical knowledge of construction lending, loan documentation, title review, and budget management to ensure loans are set up, monitored, and serviced accurately in accordance with loan agreements, bank policy, and established timelines. Responsibilities include monitoring construction through its lifecycle, setting up construction loans and budgets, disbursing construction loan draws within approved budgets, and reviewing construction loan agreements and budgets.

Requirements

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

Nice To Haves

• Previous experience in large financial institutions.
• Prior closing experience.
• Paralegal experience or ability to understand legal language and documents.
• Credit experience or understanding.

Responsibilities

• Review credit memos and loan agreements to ensure terms and budgets align with approved credit.
• Enter new construction loans into the system and establish budgets for complex projects.
• Ensure loan setup line-item budgets comply with credit approvals and construction loan agreements.
• Review draw requests against budget line items and confirm funding is within budget.
• Review and approve draws for disbursement.
• Obtain approval for line-item budget change requests.
• Reconcile borrower 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 others.

Benefits

• Comprehensive healthcare coverage, including medical, dental, and vision plans, available the first of the month following 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