Commercial Credit Construction Administrator I

Job description

Overview: Administers a Commercial Real Estate and multi-family residential construction loan portfolio from origination through payoff or rollover. Works independently or on more complex loans with assistance from manager. Primary Responsibilities: - Review loan documents to ensure consistency with loan approval and Bank construction requirements. - Coordinate with closing attorney, borrower, investors and participants for pre- and post-closing construction loan requirements for adequacy and compliance prior to loan settlement and/or advances. - Ensure up-front equity requirements have been met prior to hard cost funding. - Provide analysis and maintenance of loan budget and reallocations to ensure project remains in line with approved costs and completion date. - Prepare ticklers and track covenant compliance in connection with construction; track relevant covenant data in the system for reporting to senior management. - Work directly with inspector to ensure inspections are timely and provide appropriate data to determine a project is on target with budget and completion. Work with manager, Relationship Manager, inspector and borrower to resolve unforeseen issues that may develo...