CRE Construction Loan Admin — Disbursement & Oversight

U.S. Bank; Northern (KY); Hybrid; USD 71,000 - 84,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave

Job summary

U.S. Bank is seeking a Commercial Real Estate Construction Loan Administrator to support complex construction lending from pre-closing through project completion. You will partner with Relationship Managers, borrowers, attorneys, title companies, and inspectors to ensure timely funding and protect the bank's interests.

The role emphasizes budgets, draw administration, and documentation review. Candidates with strong attention to detail and multitasking skills will excel in a deadline-driven

Qualifications

• High school diploma or equivalent.
• 3–5 years of experience in commercial real estate loan administration or related field.
• 7+ years of transferable experience in commercial lending or construction finance.

Responsibilities

• Review construction loan documents before closing, focusing on disbursement requirements and project funding structures.
• Participate in negotiation and administration of construction-related loan provisions to ensure controls and risk mitigation.
• Establish and maintain construction budgets, funding sources, and project cost tracking throughout the construction lifecycle.
• Review construction draw packages, including invoices, contractor pay applications, change orders, lien waivers, and supporting documentation.
• Analyze project expenditures and verify disbursement requests align with approved budgets and project progress.
• Coordinate with inspectors, title companies, attorneys, borrowers, and relationship managers to support timely funding decisions.
• Monitor projects to identify budget shortfalls, documentation deficiencies, title concerns, insurance issues, or other risks.
• Validate construction progress through inspections and supporting documentation prior to loan funding.
• Prepare recommendations and obtain necessary approvals before construction draw disbursements are released.
• Maintain ongoing oversight of assigned construction projects from closing through stabilization and transition to long-term servicing teams.

Skills

Relationship management

Communication

Financial analysis

Attention to detail

Project management

Budgeting

Education

High school diploma or equivalent

Job description

U.S. Bank is seeking a Commercial Real Estate Construction Loan Administrator to support complex construction lending from pre-closing through project completion. You will partner with Relationship Managers, borrowers, attorneys, title companies, and inspectors to ensure timely funding and protect the bank's interests.

The role emphasizes budgets, draw administration, and documentation review. Candidates with strong attention to detail and multitasking skills will excel in a deadline-driven