Construction Loan Portfolio Administrator (SBA) — Hybrid

Windsor Advantage, LLC; Chicago (IL); Hybrid; USD 52,000 - 75,000; Full time

Benefits offered by this job

Medical benefits

401k contributions

Paid time off

Parental leave

Tuition reimbursement

Job summary

Windsor Advantage LLC in Chicago, IL is seeking a Portfolio Management & Construction Loan Administrator Associate to deliver quality service to lenders and borrowers while ensuring SBA SOP compliance. You'll manage government correspondence, draw reviews, and monitor project budgets within a multi-draw portfolio.

The role emphasizes relationship management with banks, timely disbursement packages, and adherence to policies.

Qualifications

• Bachelor’s degree or equivalent related experience.
• 1+ years of related experience in administration, finance, or similar industry.
• Experience managing multiple tasks while delivering high levels of customer service with minimal supervision.
• SBA and/or commercial loan experience preferred.

Responsibilities

• Perform portfolio management activities and complete government correspondence.
• Facilitate loan disbursement communications and next steps with lender clients and borrowers and complete government correspondence.
• Review draw requests and pay applications across the Multi-Draw portfolio for SBA and project compliance.
• Exhibit a detailed understanding, application and adherence to portfolio management policies and procedures.
• Keep complete, accurate and auditable electronic supporting documentation packages for all functions that performed.
• Effectively manage portfolio relationships primarily with banks and associated parties.
• Properly track all loan disbursements and balances across the Multi-Draw portfolio, reconciling and correcting any discrepancies weekly.
• Maintain bi-weekly correspondence on every loan.
• Diligently monitor each loan’s budget vs. actual expenses to ensure correct SBA Authorized Use of Proceeds.
• Work effectively to manage timelines for timely completion of tasks.
• Understanding of all SBA SOP and associated forms/packages.
• Draft and Issue Demand Letters on delinquent loans.
• Prepare timely and compliant disbursement packages to lenders.
• Submission of Secondary Market Repurchase for loans entering liquidation
• Guide discussions with Lenders regarding options such as Workout Agreements, Forbearance Agreements, Deed-in-Lieu Agreements.
• Order any necessary third-party reports and effectively manage third party vendors
• Work with lender to interface directly with SBA Servicing Center staff.
• Special projects as assigned by a supervisor or any member of senior management.
• Adhere specifically to all Company policies and procedures, Federal and State regulations, and laws.

Skills

Advanced Excel

MS Office Suite

Customer service

Multi-tasking

Education

Bachelor’s degree or equivalent

Tools

MS Office Suite

Job description

Windsor Advantage LLC in Chicago, IL is seeking a Portfolio Management & Construction Loan Administrator Associate to deliver quality service to lenders and borrowers while ensuring SBA SOP compliance. You'll manage government correspondence, draw reviews, and monitor project budgets within a multi-draw portfolio.

The role emphasizes relationship management with banks, timely disbursement packages, and adherence to policies.