Senior Manager, Construction Loan Administration

Valley National Bank; Morristown (NJ); On-site; USD 85,000 - 147,000; Full time

Job summary

Valley National Bank is seeking a Manager of Construction Loan Administration to oversee commercial construction loan administration, manage two sites and staff, and ensure compliance with loan documents and bank policies. The role requires extensive experience in construction lending, strong leadership, and vendor management.

The position is full-time with responsibilities across multiple locations, including on-site and remote coordination as needed.

Qualifications

• Experience in construction lending and commercial loan operations.
• Strong process orientation and risk management mindset.
• Ability to lead large teams on-site and remotely.
• Effective communication with business partners to balance customer needs with controls.
• Knowledge of construction lien laws in NJ, NY, FL, and AL.
• Excellent analytical and multitasking abilities.
• Proficiency in MS Word and Excel.

Responsibilities

• Administer commercial construction loans and track all advances.
• Monitor projects from inception to completion.
• Analyze construction cost estimates.
• Review loan commitments and agreements for compliance.
• Oversee vendor-inspected reports for various projects to ensure loan documentation compliance.
• Verify municipal approvals and construction requirements.
• Manage loan advances to conform with documentation.
• Attend meetings and follow up on issues.
• Oversee construction loans across two sites.
• Lead two loan administration sites and manage staff.
• Manage vendor relationships with inspection firms and title companies.
• Maintain service levels with related bank functions.
• Identify and implement process improvements for efficiency.

Skills

Construction lending

Process improvement

Team leadership

Communication skills

Lien laws

Analytical skills

Multitasking

MS Office

Driver's license

Education

High school diploma

Bachelor's degree preferred

Tools

Microsoft Word

Microsoft Excel

Job description

Valley National Bank is seeking a Manager of Construction Loan Administration to oversee commercial construction loan administration, manage two sites and staff, and ensure compliance with loan documents and bank policies. The role requires extensive experience in construction lending, strong leadership, and vendor management.

The position is full-time with responsibilities across multiple locations, including on-site and remote coordination as needed.