Senior Associate, Construction Loan Servicing

Webster Bank; Jericho (NY); On-site; USD 44,083 - 48,216; Full time

Job summary

A leading commercial bank is seeking a Sr. Associate, Construction Loan Servicing in Jericho, NY. This senior position involves managing complex real estate construction loans, ensuring compliance with regulations, and leading process improvements. The ideal candidate will have 3-5 years in commercial construction loan servicing, a relevant degree, and strong analytical skills. Join a team committed to integrity and excellence, where meaningful work awaits you.

Qualifications

• 3-5+ years in commercial construction loan servicing or monitoring.
• Strong analytical, organizational skills, and problem-solving abilities.
• Ability to manage multiple priorities in a fast-paced environment.

Responsibilities

• Oversee pre-closing activities for construction loan portfolios.
• Manage and approve draw requests ensuring compliance.
• Coordinate site inspections and evaluate progress reports.
• Review third-party reports and budgets for accuracy.

Skills

Commercial construction loan servicing

Loan IQ

McCracken

Microsoft Office Suite

Analytical skills

Organizational skills

Problem-solving skills

Verbal communication

Written communication

Education

Bachelor’s degree in finance, business, real estate or related field

Tools

Loan servicing platforms

Job description

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

We are seeking a highly skilled Sr. Associate, Construction Loan Servicing to join our Commercial Loan Servicing team. This senior-level position is responsible for managing complex real estate construction loans, including syndicated and participated transactions. The ideal candidate will ensure timely disbursements, compliance with all pre- and post-closing requirements, and provide leadership in process improvements and risk management.

Key Responsibilities

• Oversee pre-closing activities and ongoing servicing for complex construction loan portfolios.
• Manage and approve draw requests, ensuring strict compliance with budgets, lien waivers, insurance requirements, and internal controls.
• Coordinate site inspections and evaluate progress reports to proactively identify and mitigate project risks.
• Review and validate third-party reports, budgets, and supporting documentation for accuracy and completeness.
• Collaborate cross-functionally with Relationship Managers, vendors, attorneys, and inspectors to resolve escalated issues and maintain project continuity.
• Ensure adherence to regulatory requirements, internal policies, and audit standards throughout all loan servicing activities.
• Process and submit draw requests promptly and accurately, maintaining detailed reporting and status updates for completed draws and related activities.

Skills/Experience Needed

• 3-5+ years in commercial construction loan servicing or monitoring, including syndicated/participated loan.
• Bachelor’s degree in finance, business, real estate or related field; equivalent experience considered.
• Proficiency in loan servicing platforms; Loan IQ, McCracken and Microsoft Office Suite.
• Strong analytical, organizational, and problem-solving skills.
• Excellent verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment and make sound decisions under pressure.

The estimated salary range for this position is $32.00 per hour USD to $35.00 per hour USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.