Sr Construction & CRE Loan Administrator

331 TriState Capital Bank; Pittsburgh (Allegheny County); On-site; USD 80,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, and vision

Life insurance

Disability benefits

Retirement savings

Paid time off

Parental leave

Job summary

Raymond James is seeking a Senior Construction & CRE Loan Administrator to manage post-closing administration for a portfolio of commercial real estate loans. The role emphasizes accuracy in draw processing, rate changes, payoffs, and exceptions while coordinating with closers, managers, counsel, and borrowers.

The ideal candidate has 4+ years in financial services with loan operations experience and a working understanding of swaps.

Qualifications

• 4+ years in financial industry, including 2 years in loan administration or loan operations
• Commercial/Construction Real Estate Loan Administration experience preferred
• Understanding of interest rate swaps preferred
• Ability to interface with customers, counsel, compliance, credit and title companies

Responsibilities

• Reviews, closes, and processes modifications/extensions, payments, rate changes, payoffs, partial releases and exceptions
• Administers construction draw process including budgets, balance reviews and inspection reports
• Ensures requests align with loan documents and approvals
• Administers swapped loans (if assigned) including onboarding and monthly billing reconciliation
• Coordinates loan closing processes including due diligence, data gathering, funding requests and post-closing follow-up
• Collaborates with loan closers, relationship managers, portfolio managers, counsel, borrowers and other parties

Skills

Loan administration

Construction/CRE loan knowledge

Regulatory compliance

Client liaison

Education

High School Diploma

Post-secondary degree preferred

Job description

Job Description Summary The Senior Construction & Commercial Real Estate (CRE) Loan Administrator provides ongoing administration and maintenance of an assigned portfolio of commercial real estate and/or swap loans post-closing.

Job Description Primary Functions of the Position

• Reviews, closes, and processes modifications/extensions, payments, rate changes, payoffs, partial releases, full releases and exceptions
• Administers the construction draw process which includes reviewing budgets and ensuring that the loans are balanced (including letter of credit exposure); reviews inspection reports, identifies and resolves construction and title issues
• Ensures that requests are in accordance with governing loan documents and procedures and that all required approvals have been received
• Administers swapped loans (if assigned), including onboarding new swaps, manual monthly reconcilement of billing, applying and requesting payments to the loan and swap
• As needed, coordinates the loan closing process including performing necessary due diligence, gathering client data, reviewing loan approvals and executed documents, reviewing the initial draw request, preparing funding requests and following up on post-closing exceptions
• Works closely with loan closers, relationship managers, portfolio managers, internal and external counsel, borrowers and all other authorized parties affiliated with each loan transaction

Education and Experience Requirements

• High School Diploma or equivalent
• Post-secondary degree preferred
• A minimum of 4 years of financial industry experience, including 2 years of loan administration or loan operations experience
• Commercial/Construction Real Estate Loan Administration experience preferred
• Understanding of interest rate swaps preferred

Essential Skills and Abilities

Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts

Job may require additional hours of work during peak periods to meet service levels

• Education High School (HS)
• Work Experience
• Certifications
• Travel Less than 25%
• Workstyle Resident

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions.

This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

• Medical, dental, and vision
• Life insurance
• Critical illness insurance and accident insurance
• Disability benefits
• Retirement savings
• Paid time off (including vacation, holidays, and sick leave)
• Parental leave

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:

• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm

The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.

Raymond James is a diversified financial services company providing wealth management, capital markets, asset management, banking and other services to individuals, corporations and municipalities.

Founded in 1962 in St. Petersburg, Florida, rather than on Wall Street, we have always embraced being a different kind of financial services firm.

Today, Raymond James has locations and subsidiaries across the United States, Canada, the United Kingdom and Germany, and is listed on the New York Stock Exchange under the symbol RJF.

Thanks for your interest in working with Raymond James.

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We invest in you with wide-ranging benefits and the support of leaders and colleagues who care.

From development opportunities and enriching networking groups to prioritizing diversity, inclusion and the power of different perspectives, Raymond James is where good people grow.

Our people-first culture is outlined in our Culture Blueprint.

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