Construction Loan Operations Specialist (Hybrid)

RXinsider LTD.; Schaumburg (IL); Remote; 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

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