Sr Real Estate Construction Loan Administrator - Remote

First Citizens Bank; Town of Texas, Houston (WI, TX); Remote; USD 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a detail-oriented professional to oversee the construction loan draw process. This remote role involves collaborating with internal stakeholders to ensure compliance and accuracy in loan documentation, while providing expert guidance on construction loans. The ideal candidate will possess a Bachelor's degree or equivalent experience, along with strong customer service skills and the ability to manage relationships effectively. Join a forward-thinking organization committed to delivering quality services and a competitive benefits program to support its associates.

Benefits

Competitive Benefits Program

Work-Life Balance

Career Development Opportunities

Qualifications

• Bachelor's degree with 0 years or high school with 1 year in loan documentation.
• Preferred: Bachelor's in Business and financial services construction loan experience.

Responsibilities

• Oversee construction draw process for assigned loans, ensuring compliance and accuracy.
• Review loan documentation and communicate deficiencies to stakeholders.
• Assist management with tasks related to construction loan processes.

Skills

Loan Documentation

Financial Reporting

Customer Service

Excel

Relationship Building

Education

Bachelor's Degree

High School Diploma or GED

Tools

Built Software

Job description

Overview

This is a remote role that may only be hired in the following location(s): AL, AZ, AR, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MA, MI, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI, and WY.

This position provides oversight and administration of construction and construction-related projects and the construction loan draw process for all assigned loans at an advanced level of ability and complexity. Collaborates with internal stakeholders to understand project scope and any special requests. Reviews associated documentation, working with related parties to ensure accuracy, completeness, and compliance with Bank standards and regulations. Communicates with Borrowers and other related parties for accuracy and completeness of draw requests to ensure timely funding turnaround and a positive client experience. Facilitates the approval and funding of construction draws and provides independent evaluation of risk associated with construction loans. Provides guidance on construction loan processing and may serve in a leadership role on related initiatives through expertise.

Responsibilities

1. Oversees the construction draw process phase for an assigned portfolio of loans of various size, type, and complexity. Forms a full understanding of project scope, requests, and any special needs for all closed loans through collaboration with portfolio managers, commercial banking associates, borrowers, and other stakeholders. Reviews the risk associated with construction loans to provide guidance to associates involved in the process.
2. Loan Documentation - Reviews all documentation associated with the construction loan process to ensure accuracy, completeness, and compliance with Bank standards and regulations. Reviews Loan Agreement requirements for adherence during the construction draw process, including benchmarks, covenants, and limit thresholds. Reviews third-party construction consultant reports and title endorsements to ensure accuracy and completeness. Communicates deficiencies to the appropriate parties. Collaborates with portfolio managers on obtaining construction close-out documents as outlined in the Loan Agreement. Maintains construction draw folders to ensure accuracy and completeness as set forth in the Bank's Professional Developer Construction Credit Standards.
3. Business Support - Assists management with additional tasks related to the construction loan process, including involvement in complex transactions. Monitors and reports on daily activities to aid leadership awareness of results. Facilitates an efficient and effective workflow through process and policy recommendations. Provides expert direction to activities and less experienced associates.
4. Finance Management - Works closely with Deal Team and Closing Team during Pre-Close phase to obtain and reconcile all pre-paid Equity. Onboards newly closed construction projects into Built software for monitoring. Maintains project and budget within Built software throughout the construction phase to ensure balancing and reconciliation of all project costs and funding sources. Ensures validity of financial information in Built against the loan system of record. Monitors all funding requests and ensures funding is approved within Bank guidelines and policies.

Qualifications

Bachelor's Degree and 0 years of experience in loan documentation prep, review, and/or loan processing or basic financial reporting.

-OR-

High School Diploma or GED and 1 year of experience in loan documentation prep, review, and/or loan processing. Basic financial reporting.

Preferred qualifications include:

• Bachelor's Degree in Business
• Financial Services Construction Loan experience
• Experience with budgets of various complexity and a general accounting background
• Ability to work in a fast-paced environment and manage tight SLA deadlines
• Successful in building relationships with borrowers, third-party vendors, team members, and internal partners
• Intermediate Excel experience
• Strong customer service skills

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.