Construction Draw Specialist

Foothills Bank; Nevada (IA); On-site; USD 50,000 - 70,000; Full time

Job summary

Join Foothills Bank as a Construction Draw Specialist where you'll oversee the disbursement of funds for commercial and residential construction projects. This critical role requires experience in financial processes and strong organizational skills. You'll work closely with borrowers and contractors to ensure a smooth funding process, making a meaningful impact on our lending team.

Benefits

Medical, Dental, and Vision Insurance

401(k) and Profit-Sharing Plans

Paid Time Off (PTO)

Employee Assistance Program (EAP)

Qualifications

• 3+ years of related experience in financial industry required.
• Experience with loan documentation and monitoring construction projects.
• Skilled in computer applications and office equipment.

Responsibilities

• Coordinate and review disbursements for construction loans.
• Monitor compliance and maintain loan documentation.
• Prepare monthly reports on construction and loan status.

Skills

Attention to Detail

Organizational Skills

Financial Analysis

Communication Skills

Education

High School Diploma

Tools

Excel

LaserPro

Job description

About The Role

Position Summary

Are you detail-oriented, organized, and experienced in commercial lending? Join our dynamic lending team as a Construction Draw Specialist, where you'll play a vital role in the coordination and disbursement of construction funds for commercial and residential development projects.

This position is critical to ensuring the smooth flow of construction financing. Primary duties for oversight and coordination of the disbursement of construction funds to borrows and contractors for commericial construction and housing subdivision loans. Additional duties include providing lending support to Branch Managers, Commericial Lenders, and the Morgage Department as needed.

Essential Duties And Responsibilities

Primary Duties: Builders Control / Construction Disbursement to Contractors

Review construction loan approval to verify conditions for initiating construction disbursements have been met.

Coordinate with Commercial Lenders, Borrower, and General Contractor to ensure all required documentation for the construction disbursement phase has been obtained and executed, including preparation of Disbursement Agreements, prior to the start of construction and collection of any Borrower equity funds required at loan closing.

Initiate meeting with Borrower and Contractor (and outside Voucher Control company, if applicable) to establish standard disbursement procedures that are agreed to and understood by all parties.

Set-up of Built System including entering all loans into accounting system to insure accurate balancing of disbursement files.

Responsible for reviewing voucher packages submitted by general contractor for accuracy, completeness, and compliance with voucher control procedures, including receipt of all required approvals, and lien releases, and W-9 forms.

Order property inspections as needed prior to funding draw requests; collect fees and process related invoices for all required inspections fees.

Request and track for required title policy endorsements through the construction period, including foundation endorsements. Coordinate subdivision closings with Borrower and title. Monitor progress of construction progress and disburse according to loan approval. Coordinate with Lender to obtain additional approvals as required for variances to the original loan approval.

For housing subdivisions, obtain and review pre-sale contacts and loan prequalification letters to ensure borrower is within compliance of covenants.

Revolving credit lines for subdivision financing tracked internally utilizing Excel spreadsheets and Built supported by, and reconciled to, the Bank’s loan system.

Assist with preparation of monthly and quarterly reports related to construction and subdivision status.

Secondary Duties

Organize files for lenders as requested.

Assists in initiating Document Requests for commercial lenders.

Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

COMPLIANCE WITH THE BANK SECRECY ACT AND ANTI-MONEY LAUNDERING PROGRAM:

The Bank Secrecy Act is intended to safeguard the U.S. financial system and the financial institutions that make up that system from the abuses of financial crime, including money laundering, terrorist financing, and other illicit financial transactions. The Board of Directors is committed to complying with both the spirit of the regulations and the letter of the law. All employees are expected to understand and comply with all aspects of the BSA and to perform their job duties in accordance with Bank BSA policies and procedures. Employees who willfully violate the BSA may be subject to both civil and criminal penalties and termination of employment.

Supervisory Responsibilites

No supervisory responsibilities.

About You

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

High school diploma and three (3) or more years of related experience. Must have prior financial industry experience, in a loan department.

LANGUAGE SKILLS

Ability to read and comprehend instructions, correspondence and memos. Ability to write correspondence. Ability to effectively present information in one-on-one and small group situations to customers and other employees.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals. Ability to compute rate, ratios and percentages.

OTHER SKILLS AND ABILITIES

Computer skills in word processing, spreadsheet and database applications. Familiar with computerized loan documentation/software such as LaserPro. Use of general office equipment. Ability to handle multiple tasks and meet timeframes.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Regular on-site attendance is an essential function of this position. While performing the duties of this job, the employee is frequently required to sit, talk, hear and use hands to operate a computer. The employee is also frequently required to stand; walk; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet to moderate.

What We Offer

COMPENSATION & BENEFITS: Starting salary is dependent upon relevant experience and may vary based on the geographic location of the position. We offer an extensive benefits package that includes, but is not limited to medical, dental, vision, and life insurance. Coverage is available to employees and their eligible dependents in accordance with our written plan documents. You may also be eligible for a health savings account option, an Employee Assistance Program (EAP), a health rewards program, a retirement savings plan, including 401(k) and Profit-Sharing plans, short and long-term disability benefits, education and training benefits, and discounts on banking products and services. We also offer a generous Paid Time Off (PTO) plan and paid holidays. PTO accruals begin at .0745 per hour worked for our part time employees up to a maximum accrual of 240 hours per year for certain Full-Time employees. PTO accruals are dependent on position, status (Full time or Part time), and years of experience in accordance with our PTO policy. Most Full-Time employees are also offered 6 paid holidays and Part Time employees are offered pro-rated paid holidays. In addition, employees in Utah and Nevada may be eligible for pay for certain state recognized holidays. Visit our website for more details

We are an Equal Opportunity Employer and qualified applicants, or employees will receive consideration for employment without regard to race, color, religion, national origin, sex (including pregnancy), sexual orientation, gender identity, mental or physical disability, genetic information, protected veteran status, or any other category protected by applicable federal, state, or local laws.

Glacier Bancorp, Inc. does not sponsor applicants for work visas. All applicants must be legally authorized to work in the US.

No Recruiters or unsolicited agency referrals please.