Senior Construction Disbursement Specialist

Banc of California; Beverly Hills (CA); On-site; USD 90,000 - 150,000; Full time

Benefits offered by this job

401k plan with company match

Health insurance options

Paid time off

Tuition reimbursement

Job summary

Banc of California is seeking an experienced Construction Disbursement Specialist in Beverly Hills to manage lender-approved CRE construction draws from approval to final funding, ensuring compliance with internal policies and regulatory requirements.

You will work directly with contractors, lenders, title insurers, and borrowers to accurately process funding, audit disbursements, and maintain master ledgers. The role requires meticulous budgets and robust reporting capabilities.

Qualifications

• 7-10 years construction disbursement processing experience or an equivalent required.
• Bachelor’s degree or equivalent work experience
• Knowledge of IBS
• Strong familiarity with real estate loan servicing and accounting systems
• Ability to work at a high level with complex Excel spreadsheets, Word and Outlook
• Ability to create reports
• Ability to audit all disbursements efficiently using the Bank’s accounting and loan systems
• Ability to create reports and tracking spreadsheets
• Basic knowledge of real estate, escrow, title UCC, and lender due‑diligence processes
• Strong knowledge of the construction process and typical disbursement requirements
• Ability to manage multiple tasks/projects and deadlines simultaneously
• Possess strong analytical skills
• Be a self-starter and detail oriented
• High School diploma or equivalent required

Responsibilities

• At loan closing and in conjunction with the REIG lender, establish the final Master Funding Ledger for assigned loans to include all funding sources and uses utilizing construction budget(s) and loan closing statements.
• Verify and allocate project equity, for hard and soft costs.
• Audit the Loan Disbursement File and Master Disbursement Funding Ledger at loan closing for assigned loans, to assure a proper start to the transaction on assigned loans.
• Confirm all equity payment and verification thereof on assigned loans.
• Ensure project budgets are accurately set up through approved fund control companies.
• Proactively participate in initial post-closing meeting with REIG lending/disbursement team, and Borrowers project team.
• Conduct follow up meetings as necessary.
• Verify and balance all budget categories and all funding sources, both initially and with each funding request.
• Coordinate fund control requests and project inspections.
• Prepare and monitor funding reports for management.
• Accurately complete funding package, submit for approval, disburse draws using the appropriate funding source and notify recipient of funds.
• Ensure line item transfers and increase transfers are adequately documented, the cost breakdown continues to balance and all changes are submitted to the Loan Officer for approval.
• Ensure the Master Funding Ledger is updated regularly to reflect accurate and current construction progress and the status of the remaining available funds.
• Manage mechanic’s lien detection and responsive resolution via interface with Borrower, Title Officer and Lender.
• Order and review all applicable endorsements, including but not limited to, foundation and incremental increased coverage endorsements. Obtain rewrite title policies as applicable.
• Establish and maintain paper and electronic files for assigned construction projects in accordance with REIG and Bank policies and procedures.
• Periodically review/audit REIG construction files to ensure audit readiness.
• Process partial demands and reconveyances for REIG subdivision projects.
• Work with other REIG Team members to monitor and clear ticklers and exceptions.
• Follow up for receipt and completion of all information in a timely manner.
• Complete special projects as assigned.
• Complete error‑free accounting work.
• Assure proper handling of requests and coordination of lien releases and receipts and compliance with Bank construction funding procedures on assigned files.
• Confirm all equity payment and verification thereof on assigned files.
• Maintain standards for construction files and documentation requirements for draws and verifications of payment.
• Review all construction contracts and budgets for coherence and compliance with Bank requirements on assigned files.
• Approve final payment and audit construction file for sign off, approved return to regular loan file on assigned files.
• Confirm appropriate title endorsements are ordered, obtained and managed in file as required on assigned files.
• Review filing and management of Preliminary Notices received on assigned files.
• Audit monthly interest payments due on assigned files.
• Review mechanics liens and/or contractor disputes on assigned files and provide loan officer and management with recommended action.
• Follow all established policies and procedures.
• Perform other duties and projects as assigned.

Skills

Construction disbursement

Excel reporting

Real estate loans

Disbursement auditing

Analytical skills

Attention to detail

Multi-tasking

Loan documentation

Reporting & tracking

Education

Bachelor's degree

High School diploma

Tools

MS Excel

Outlook

MS Word

Job description

Banc of California is seeking an experienced Construction Disbursement Specialist in Beverly Hills to manage lender-approved CRE construction draws from approval to final funding, ensuring compliance with internal policies and regulatory requirements.

You will work directly with contractors, lenders, title insurers, and borrowers to accurately process funding, audit disbursements, and maintain master ledgers. The role requires meticulous budgets and robust reporting capabilities.