Construction Loan Administrator (Remote)

RXinsider LTD.; Schaumburg (IL); Hybrid; USD 67,000 - 76,000; Full time

Benefits offered by this job

Comprehensive benefits package

401k contribution

Stock purchase program

Commission

Job summary

Byline Bank in Chicago area is seeking a Construction Loan Administrator to support loan processing and documentation operations. You will analyze and prepare construction draws, assist with funding, and coordinate with borrowers, loan officers, title companies and inspectors.

This hybrid role offers a mix of remote and in-office work, a competitive hourly rate, and a benefits package. Qualified candidates have 3+ years in construction loan administration, strong MS Office skills, and excellent

Qualifications

• 3+ 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.
• Assists with 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.
• Help analyze and reconcile 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.
• Help analyze and review Sworn Owner and Contractor Statements, AIA documentation, Invoices, and Lien Waivers.
• Help engage inspecting architects for plan and cost review and monthly inspections. Review and approve inspecting architect reports and plan and cost reviews.
• Help 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.
• Serves as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
• Help support other collateral monitoring functions on a backup basis.
• All other duties as assigned.

Skills

Construction loan concepts

Analytical skills

Communication skills

Attention to detail

Organizational skills

Team collaboration

Adaptability

Tools

MS Word

MS Excel

MS Outlook

Job description

About Byline Bank

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 $9.9 billion in assets and operates over 40 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 and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.

• U.S. News & World Report’s Best Companies to Work for in the Midwest 2024-2025, 2025-2026 and Best Companies to Work for in Finance and Insurance & Overall 2025-2026.
• Newsweek’s America’s Greatest Midsize Workplaces for Women 2026
• Best Companies Group’s Best Remote and Hybrid Workplaces in America 2026
• Chicago Sun Times Chicago’s Best Workplaces 2024, 2025
• Best Companies Group and Illinois SHRM (Society for Human Resource Management) Best Workplaces in Illinois 2024, 2025, 2026

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.

Objective Of Position

The Construction Loan Administrator is responsible for helping with the maintenance of loan processing and documentation operations activities and administration. This role will help address operational issues to ensure they are resolved in an efficient and cost-effective manner.

Duties And Responsibilities

• Responsible for the analyzing and preparation of construction draws / disbursement requests and forms required for construction loans.
• Assists with 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.
• Help analyze and reconcile 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.
• Help analyze and review Sworn Owner and Contractor Statements, AIA documentation, Invoices, and Lien Waivers.
• Help engage inspecting architects for plan and cost review and monthly inspections. Review and approve inspecting architect reports and plan and cost reviews.
• Help 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.
• Serves as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
• Help support other collateral monitoring functions on a backup basis.
• All other duties as assigned.

Qualification

• 3+ 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.

Physical Demands/Work Environment

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Additional Information

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The hourly rate for this position is $32.00 to $36.53 + commission.

Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.

Byline Bank is an Equal Opportunity Employment / Affinative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.