Construction Disbursement Administrator
: Job Details :

Reports to: Manager, Loan Administration

Exempt Classification: Non-Exempt

Status: Regular, Full-Time

Location: San Francisco (Preferred), Los Angeles, New York City, Washington D.C. or Atlanta

POSITION SUMMARY:

The Construction Disbursement Administrator (CDA) is primarily responsible for Construction Administration of LIIF's complex commercial construction loan portfolio. The CCA is also cross trained in loan servicing and responsible for the wide range of tasks involved in servicing a small portfolio of assigned loans made to support the development of affordable housing, childcare facilities, charter schools, and other community facilities.

REPORTING RELATIONSHIPS:

The Construction Disbursement Administrator (CDA) reports directly to the Manager, Loan Administration. In order to meet LIIF's lending goals and objective, the CDA also works closely with Director of Asset Management and Loan Administration, Loan Officers and Underwriters, Asset Managers and on occasion the Chief Credit Officer and Portfolio Analyst, Market Directors/Lending Directors, colleagues in the Child Care Group, and Finance associates. The Construction Disbursement Administrator will communicate with borrowers, lending partners, and other external parties, as appropriate.

Essential Functions: Construction Administration

Construction Disbursement Administrator will provide construction administration during the construction lifecycle of LIIF's complex commercial construction loan portfolio. Construction Administration duties include:

* acting as liaison with customers, third party lenders, inspectors and title company representatives during all phases of construction financing; administer loans in accordance with credit policy requirements

* ensuring compliance with approved terms and conditions

* performing monthly construction draw budget analysis, system reconciliation and disbursement recommendation

* ensuring all documentation has been received and is complete and accurate

* taking action on items that may affect the disbursement process such as change orders, sufficiency of funds, liens, etc.

* ensuring funding occurs within designated timeframes

* ensuring compliance with terms of relationship with third party lenders

* collecting items required at completion of construction necessary for conversion to permanent status or for sale

Construction Loan Closing

The CDA will assist in the review of the loan closing documentation associated with construction administration (Construction Monitoring and Disbursement Agreements or Loan Agreements).

The CDA will perform similar functions, in collaboration with the Asset Management, for any required extensions or modifications of previously closed loans.

Customer Service

The Construction Disbursement Administrator will nurture a positive and professional relationship with LIIF's customers and business partners (which include third party lenders, and other external parties) by responding promptly to any and all requests in a responsive, consistent, accurate manner. The Construction Disbursement Administrator will participate in internal and external meetings, as appropriate.

Other Function

From time to time, the Construction Disbursement Administrator carries out other responsibilities as assigned including, but not limited to, assisting with the administration of specific LIIF lending programs, developing reports, administering lender pools and participations in loans, and implementation and testing of lending data bases.

The CCA will assist the Manager, Loan Administration with servicing activities as needed. These may relate to insurance, real estate tax, and UCC monitoring, maintenance of the vault, hard files, post-closing items, etc.

SKILLS REQUIRED:

The successful candidate will be energetic, have good organization and time management skills such that all loan-servicing responsibilities are kept current while meeting construction draw demands. Must be a self-starter and have excellent interpersonal skills. Position

requires strong written and oral communications skills. Good attendance is essential. Previous construction loan administration experience or training is required. Knowledge of affordable housing and community development is helpful and experience with multi-family or commercial loans is preferred. Demonstrated proficiency in Microsoft Office products and lending databases is required. Must have strong customer service skills and the ability to work within a team environment.

EDUCATIONAL AND OTHER REQUIREMENTS:

Educational background should include degree work in a relevant area of study such as urban studies, business administration, finance or real estate law. A bachelor's degree is preferred. In addition, the position requires a high degree of self-motivation, dedication, and creativity to navigate complex loan administration at an evolving and dynamic non-profit.

THE COMPANY

The Low Income Investment Fund (LIIF) is a non-profit community development financial institution, with headquarters in San Francisco and offices in Los Angeles, New York, and Washington, D.C. LIIF builds healthy communities by bridging the gap between private capital markets and low-income neighborhoods. LIIF is a steward for capital invested in affordable housing, childcare, job training programs, education, and other community initiatives.

HOW TO APPLY:

Forward cover letter (including salary expectation & history) with resume to:

Human Resources

Low Income Investment Fund

49 Stevenson Street, Ste 300

San Francisco, CA 94105

Or

Email: ...@liifund.org or Fax: 415-###-####

LIIF, an EOE, believes that diversity ensures excellence