Loan Disbursement Specialist (In-office) – Irvine, CA

Zionsbancorp; Irvine (CA); On-site; USD 30,000 - 62,000; Full time

Benefits offered by this job

Medical, Dental and Vision Insurance –

Life and Disability Insurance, PaidPar

Health Savings (HSA)

Flexible Spending (FSA) and dependent

Paid Training

Paid Time Off (PTO) and 11 PaidFederal

401(k) plan with company match, Profit

Mental health benefits including coach

Tuition Reimbursement

Employee Ambassador preferred banking

Job summary

Zions Bancorporation in Irvine, CA is seeking a Loan Disbursement Specialist to join the Construction Disbursements Team. The role involves reviewing and processing loan draws, coordinating with borrowers and builders, and ensuring compliance with loan documents and bank policies.

You will work in-office five days per week, with a focus on accuracy, timely reporting, and excellent customer service across commercial and residential construction projects.

Qualifications

• Requires high school diploma or equivalent.
• Experience with loan disbursement processes preferred.
• Good auditing and data-entry skills.

Responsibilities

• Review, analyze, and process customer loan draws for construction projects.
• Prepare payoff quotes.
• Schedule pre-construction discussions with Borrower, Builder, and RM.
• Administer participation loans and coordinate with banks.
• Order, input, and review inspection reports.
• Update and maintain loan maintenance reports and ticklers.
• Assist with liaison duties with lenders and vendors.
• Monitor and may process interest rate changes.
• Review loans for past-due status and insurance coverage.
• Ensure compliance with loan documents and bank policies.
• Perform other duties as assigned.

Skills

Audit

Problem solving

Data entry

Customer service

Time management

Organizational skills

Attention to detail

Multitasking

Communication

Education

High School Degree or Equivalent

Tools

Outlook

Word

Excel

Job description

Job Number:

1. hours per week: 40

Description

Zions Bancorporation is one of the nation’s premier financial services companies operating as a collection of great banks under local brands and management teams in high-growth western markets. Zions is regularly recognized by American Banker as one of the “Best Banks to Work For” and as having a top banking team in its list of “The Most Powerful Women in Banking.” Our customers consistently vote us as the best bank in our local markets., We value our employees, and we are committed to search out, recognize and create fulfilling opportunities for outstanding people within our organization, rewarding them for their contributions to our success. We recognize that banking is a “local” business, and that to be successful, we must have very strong ties to the communities we serve and strong relationships with our customers.
With benefits starting on day one, 12 bank holidays, profit sharing and company-matched 401(k) contributions, Zions is dedicated to being an employer of choice in our communities. At Zions, the possibilities are endless. You bring the talent; we bring the opportunity.
We are currently seeking a Loan Disbursement Specialist to join our Construction Disbursements Team located in downtown Irvine, California.
The Construction Disbursement Administration (CDA) group is responsible for managing roughly 200 commercial construction projects simultaneously. We work with multiple departments around the Bancorp to ensure that construction is progressing properly and all agreements within the loan documentation are being followed by all parties. We have currently switched to a new construction monitoring system and are working to streamline and improve our processes in all aspects of construction monitoring. The Irvine group works closely and we maintain a collaborative mentality when monitoring the construction loans assigned to us. We are looking for someone who is willing to work hard and jump in with both feet into our team and help us maintain our high standards of service within the department.

The Disbursement Specialist will:

• Review, analyze, and process customer loan draws for commercial and residential construction projects, loan fund disbursements, equity draws, etc., including review of invoices, lien waivers, and budget.
• Prepare payoff quotes.
• Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested.
• Administer participation loans, coordinate with participating/lead bank(s).
• Order, input, and review inspection reports.
• Update and maintain various reports and ticklers for loan maintenance.
• Assist with and may serve as liaison with lenders, loan administration, and outside vendors.
• Monitor and may process interest rate changes.
• Review loans for past due status, insurance coverage, tickler exceptions, etc.
• Ensure loan administration is consistent with loan documents, bank and department policies and procedures.
• Other duties as assigned.

Requirements:

• Experience with commercial, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience.
• Knowledge of lending disbursement processes, procedures, and loan documentation.
• Knowledge of standard construction budget and loan servicing practices and techniques.
• Must have good audit, problem solving, data entry, and customer service skills.
• Ability to review and process data per loan documentation.
• Good time management and organizational skills.
• Must be accurate, detail oriented and able to multi-task.
• Good communication skills, both verbal and written.
• Knowledge of computer software programs such as Outlook, Word, Excel, etc.
• Requires High School Degree or Equivalent
• A combination of education and experience may meet job requirements.
• Works effectively with minimal supervision and consistently takes initiative to meet all established SLA requirements.

Location:

This position is 5 days in-office and can be filled at our downtown office in any of the following locations:

• Irvine, CA

Pay range (depending on location and experience):

$22-$45 per hour

Benefits:

• Medical, Dental and Vision Insurance – START DAY ONE!
• Life and Disability Insurance, Paid Parental Leave and Adoption Assistance
• Health Savings (HSA), Flexible Spending (FSA) and dependent care accounts
• Paid Training, Paid Time Off (PTO) and 11 Paid Federal Holidays
• 401(k) plan with company match, Profit Sharing, competitive compensation in line with work experience
• Mental health benefits including coaching and therapy sessions
• Tuition Reimbursement for qualifying employees
• Employee Ambassador preferred banking products

Work Locations

California-Irvine-LA – Irvine
Credit Admin

ABOUT OUR COMPANY

Zions Bancorporation is one of the nation’s premier financial services companies with total assets exceeding $65 billion. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.
The company is a national leader in Small Business Administration lending and public finance advisory services, and is a consistent top recipient of Greenwich Excellence awards in banking. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices.
For more information, click here

Equal Opportunity Employer

It is the policy of this corporation to provide equal employment and advancement opportunities to all employees and applicants for employment, without regard to race, color, religion, age (40 and over), sex, pregnancy, gender, disability, national origin, ethnic background, citizenship, veteran status, sexual orientation, gender identity and expression or any other characteristic protected by applicable law. This policy is established and administered in accordance with all applicable federal, state, and local laws.
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