Senior Associate, Construction Loan Serving

Webster Bank • Jericho, NY

5d

About The Position

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer. Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work! We are seeking a highly skilled Sr. Associate, Construction Loan Servicing to join our Commercial Loan Servicing team. This senior-level position is responsible for managing complex real estate construction loans, including syndicated and participated transactions. The ideal candidate will ensure timely disbursements, compliance with all pre- and post-closing requirements, and provide leadership in process improvements and risk management We are seeking a highly skilled Sr. Associate, Construction Loan Servicing to join our Commercial Loan Servicing team. This senior-level position is responsible for managing complex real estate construction loans, including syndicated and participated transactions. The ideal candidate will ensure timely disbursements, compliance with all pre- and post-closing requirements, and provide leadership in process improvements and risk management

Requirements

• 3-5+ in commercial construction loan servicing or monitoring, including syndicated/participated loan.
• Bachelor’s degree in finance, business, real estate or related field; equivalent experience considered.
• Proficiency in loan servicing platforms; Loan IQ, McCracken and Microsoft Office Suite.
• Strong analytical, organizational, and problem-solving skills.
• Excellent verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment and make sound decisions under pressure.

Responsibilities

• Oversee pre-closing activities and ongoing servicing for complex construction loan portfolios.
• Manage and approve draw requests, ensuring strict compliance with budgets, lien waivers, insurance requirements, and internal controls.
• Coordinate site inspections and evaluate progress reports to proactively identify and mitigate project risks.
• Review and validate third-party reports, budgets, and supporting documentation for accuracy and completeness.
• Collaborate cross-functionally with Relationship Managers, vendors, attorneys, and inspectors to resolve escalated issues and maintain project continuity.
• Ensure adherence to regulatory requirements, internal policies, and audit standards throughout all loan servicing activities.
• Process and submit draw requests promptly and accurately, maintaining detailed reporting and status updates for completed draws and related activities.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees