Real Estate Construction Loan Administrator (Remote)

First Citizens; North Carolina; Remote; USD 60,000 - 80,000; Full time

Job summary

A leading bank seeks a Construction Loan Administrator to oversee the loan process, ensuring compliance and accuracy in documentation. The candidate will work remotely, collaborating with various stakeholders to manage risks and streamline loan transactions. A Bachelor’s degree and relevant experience are required, with preferred familiarity in real estate administration.

Benefits

Competitive benefits program

Qualifications

• 2 years of experience in Commercial or SBA Loan Administration or 6 years experience with High School Diploma.
• Preferred experience in Centralized Commercial Real Estate Administration or Construction.

Responsibilities

• Monitors the construction loan process and communicates deficiencies.
• Engages third-party inspectors and title agents as necessary.
• Assists management with complex transactions and monitors daily activities.

Skills

Risk Evaluation

Loan Documentation Review

Coordination

Education

Bachelor's Degree in relevant field

High School Diploma or GED

Job description

Overview

This position provides oversight and administration of the construction loan process for all assigned loans. Collaborates with internal stakeholders to define monitoring requirements, engages third-party inspectors and title agents as needed, and reviews all documentation to ensure compliance with Bank standards and regulations. Evaluates construction loan risks and rewards to provide guidance on owner-occupied real estate transactions, and may assist management with more complex initiatives.

This is a remote role that may be hired in several markets across the United States.

Responsibilities

• Process Oversight - Monitors the construction loan process. Forms a full understanding of project scope and monitoring requirements through collaboration with internal stakeholders. Reviews the risk and rewards associated with construction loans to provide guidance on appropriate credit structuring.
• Loan Documentation - Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations. Communicates deficiencies to the appropriate parties.
• Coordination - Engages third-party inspectors and title agents as needed to ensure portfolios are supported with all necessary documentation, evaluations, and other crucial information. Assists in coordinating the various steps and needs of construction loan processing to streamline transactions.
• Business Support - Assists management with additional tasks related to the construction loan process, which may include involvement in more complex transactions. Monitors and reports on daily activities to aid leadership awareness of results.

Qualifications

Bachelor's Degree and 2 years of experience in Commercial or SBA Loan Administration OR High School Diploma or GED and 6 years of experience in Commercial or SBA Loan Administration.

Preferred Area of Experience: Centralized Commercial Real Estate Administration, Construction, SBA servicing or closing background.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.