Commercial Construction Loan Administrator

BELL BANK; Maple Grove (MN); Hybrid; USD 33,000 - 46,000; Full time

Benefits offered by this job

Healthcare

Employee stock ownership plan

401(k)

Job summary

Bell Bank in Minnesota is seeking a Commercial Construction Loan Administrator to oversee construction loan processes from pre-approval through closing. The role ensures compliance, manages disbursements, and liaises with bankers, contractors, and inspectors to keep projects on track.

The CLA will monitor the portfolio for compliance, coordinate third-party inspections, and support the team to document the administration of construction loans in a consistent manner.

Qualifications

• Familiarity with commercial real estate construction lending processes.
• Ability to review and analyze construction statements and budgets.
• Strong communication with bankers, CLC, and third parties.
• Experience with loan disbursement tracking and inspections.

Responsibilities

• Outline loan requirements in the Loan Presentation prior to approval.
• Review contracts from General Contractors/Subcontractors as needed.
• Participate in pre-close calls with Banker, CLC, borrower, title company, and others.
• Monitor disbursements within approved budgets and review draw requests.
• Ensure lien waivers are collected and inspections are performed before disbursement.
• Coordinate funding of draw requests with Banker/Title company and resolve issues.
• Maintain builder’s risk insurance coverage and monitor covenants.

Skills

Construction loan knowledge

multitasking

communication skills

attention to detail

Education

Bachelor’s degree in Construction Management

2-4 years of relevant experience

Tools

Construct loan administration platform

Job description

Commercial Construction Loan Administrator

Work Location Type

Hybrid

Work Hours

Monday - Friday, 8am - 5pm

Job Description

The Commercial Construction Loan Administrator (CLA) is responsible for outlining all necessary construction loan-related requirements in the Loan Presentation (LP) and upon approval, working with Banker and CLC to ensure all of those requirements are met prior to or at closing. Additionally, this position monitors the Bank's commercial lending construction loan portfolio to ensure that all projects are progressing as expected and being administered as approved.

Responsibilities

• Outline the necessary requirements for each construction project within the LP prior to loan approval.
• Consult with Bankers and outside consultants, as necessary, to review and analyze the adequacy of the Sworn Construction Statement.
• Work with Bankers and Commercial Loan Coordinators (CLC) to ensure all applicable contracts from the General Contractor and Sub-contractors are obtained and assigned.
• Participate in pre-close calls with Banker, CLC, borrower, title company, attorneys, architects, and inspectors to discuss construction loan process and expectations.
• Monitor and control loan disbursements as approved in the Loan Presentation, which may include:
• Entering customer information, contractor information, and approved budgets into Construct loan administration platform.
• Reviewing draw requests presented by the contractor/builder to ensure it is within the construction budget.
• Review pay applications and contractor supplied invoices to confirm draw correct draw amount.
• Ensuring lien waivers have been received on prior disbursements.
• Reviewing or performing onsite inspections of the construction project, prior to disbursement, to support the appropriate level of work has been completed.
• Preparing independent progress inspection reports.
• Hire third party building inspectors when appropriate.
• Communicating with the Banker, CLC, and/or title company to fund the draw request, or if problems exist, immediately contact the Banker and immediate supervisor to ensure suitable corrective actions are taken.
• Ensure adequate builder’s risk or comparable hazard insurance coverage is in place.
• Monitor any loan agreement covenants that pertain to the construction phase.
• Develop a consistent process to adequately document the administration of construction loans.
• Provide back up to other Construction Loan Administrators on the team when necessary.

Bell Bank Culture, Policy and Accountability Standards

• Know and live Bell Bank’s values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
• Prompt and reliable attendance.
• Perform other duties as assigned.

Education, Experience, and Other Expectations

• Bachelor’s Degree in Construction Management preferred or equivalent combination of education and experience that gives an understanding of the construction loan process.
• 2-4 years of relevant experience.

Knowledge, Skills, and Abilities

• Familiarity with standard concepts, practices, and procedures with commercial real estate construction lending and monitoring of commercial real estate construction projects.
• Proven ability at multitasking and able to perform a variety of tasks, including speaking to customers, contractors, loan officers, title insurance personnel, etc. and be able to work through any deficiencies.
• Excellent verbal and written and communication skills.
• Proficiency with computer technology.
• Effective time management and organizational skills.

Company Information

If you like to work with people in a family atmosphere, enjoy great benefits and provide unequaled personal service to every customer, consider a career with Bell Bank.

Bell Bank was founded in 1966 and is headquartered in Fargo, North Dakota. It is the largest family-and employee-owned bank in the upper Midwest, and one of the largest in the nation, with assets of more than $14 billion. Bell Bank has full-service banking locations in North Dakota, Minnesota and Arizona. Bell has empowered more than $30 million in charitable giving through its unique Pay It Forward initiative, through which every employee chooses each year how to help individuals, families and organizations in need.

Bell Bank has been recognized as a top workplace by American Banker, Forbes and Fortune. If you want to work for an established, growing, forward-looking organization with world-class employees, this is the place for you. Let Bell Bank be your destination workplace.

Bell's Values

• Promoting and sustaining our family atmosphere.
• Providing unequaled personal service to each and every customer.
• Paying it forward

Our Bottom Line

Happy Employees! Happy Customers!

In addition to salary, Bell Bank offers a comprehensive benefits package including, healthcare, (medical, dental, vision) employee stock ownership program, and 401(k) contribution and profit-sharing plan. All benefits are subject to eligibility requirements.

Bell Bank

Equal Opportunity Employer

Pay Range

$23.80 - $33.40 / hour

Pay Transparency

The posted salary range represents multiple regions; compensation for this position may vary depending on the geographic location of the position. For roles indicating a salary range of $31,200 ($15) to $150,000 ($72.12), this reflects a commission-based position where actual earnings will fluctuate based on sales performance and client retention.