Sr. Construction Loan Administrator (Remote)

Byline Bank.•Schaumburg, IL

7d•$80,000 - $89,000•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 $9.7 billion in assets and operates 45 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 solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. 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 named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026. Chicago Sun Times Chicago’s Best Workplaces 2024 Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management) Forbes America’s Best Small Employers 2023 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

Bachelor’s degree in Business Administration, Finance, or related degree.
4+ 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.
Upon appropriate approval, responsible for 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.
Analyzes and reconciles 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.
Analyze and review Sworn Owner and Contractor Statements, Invoices, and Lien Waivers.
Bid and engage inspecting architects for plan and cost review and monthly inspections. Review and approve inspecting architect reports and plan and cost reviews.
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.
Serve as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
Support other collateral monitoring functions on a backup basis.
All other duties as assigned.