Loan Disbursement Specialist

Zions Bancorporation•Salt Lake, UT

13h•Onsite

About The Position

Zions Bancorporation is a premier financial services company, recognized as one of the “Best Banks to Work For” and for having a top banking team. The company operates as a collection of local brands in high-growth western markets, valuing its employees and fostering strong community and customer relationships. Benefits, including those starting on day one, 12 bank holidays, profit sharing, and company-matched 401(k) contributions, highlight Zions' commitment as an employer of choice. The Construction Disbursement Administration (CDA) group, where this role is located, is responsible for managing approximately 200 commercial construction projects simultaneously. This team collaborates with various departments across the Bancorp to ensure construction progresses properly and all loan documentation agreements are followed. The CDA group has recently implemented a new construction monitoring system and is actively working to streamline and improve its processes. The Salt Lake City team maintains a collaborative mentality and is seeking a hard-working individual to join and help uphold the department's high standards of service.

Requirements

Some experience with commercial, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience.
Basic knowledge of lending disbursement processes, procedures and loan documentation.
Basic knowledge of standard construction budget and loan servicing practices and techniques.
Must have good audit, problem solving, data entry and customer service skills.
Ability to review and process data per loan documentation.
Good time management and organizational skills.
Must be accurate, detail oriented and able to multi-task.
Good communication skills, both verbal and written.
Basic knowledge of computer software programs such as word, excel, etc.
Requires High School Degree or Equivalent.
A combination of education and experience may meet job requirements.

Responsibilities

Review, analyze and process customer loan draws for commercial and residential construction projects, loan fund disbursements, equity draws, etc., including review of invoices, lien waivers, and budget.
Prepare payoff quotes, credit bids, default letters and loan modifications.
Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested.
Administer participation loans, coordinate with participating/lead bank(s).
Order, input, and review inspection reports.
Updates and maintains various reports and ticklers for loan maintenance.
Assists with and may serve as liaison with lenders, loan administration, and outside vendors.
Monitor and may process interest rate changes.
Review loans for past due status, insurance coverage, tickler exceptions, etc.
Ensure loan administration is consistent with loan documents, bank and department policies and procedures.
Other duties as assigned.