Construction Loan Administrator
: Job Details :


Construction Loan Administrator

Five Star Bank

Location: Buffalo,NY, USA

Date: 2024-11-25T11:35:29Z

Job Description:
Purpose: The Construction Loan Administrator is responsible for managing/monitoring all the Bank's commercial as well as residential home builder construction lines/loans.Essential Functions:* Manage/administer the construction loan draw process from pre-loan closing through construction completion. This includes residential home builder lines/loans as well.* Review/approve project construction budgets including required equity and other sources. Perform initial and ongoing analysis including review of applicable loan documents.* Generate/maintain the Bank's internal construction loan tracking spreadsheets. Review funding requests and recommend funding to the Commercial Credit Officer.* Order/review construction related 3rd party reports such as PSCR's and site inspections.* Review pertinent loan documents to ensure loan closings are in compliance with the credit approval document, policy and regulatory guidelines.* Interact and respond to customers directly pertaining to advance requests and/or specific loan information.* Act as a liaison with participating banks in CRE transactions.* Perform site inspections as warranted.* Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work.* This job description is not exhaustive. The Construction Loan Administrator may be required to perform other duties as assigned, including supporting other talent development and planning work that supports the business success.Job Related Qualifications - Education and Prior Experience:Required:* Education: Associate Degree in Business, Accounting or related field* Prior Experience: 3+ years Commercial Construction Loan Administration experience* OR-Required:* Education: High School Diploma* Prior Experience: 5+ years Commercial Construction Loan Administration experienceCompetencies:* Strong knowledge of standard commercial construction loan administration processes and procedures* Intermediate level with Microsoft Office applications and the ability to learn new and existing Banking software applications* Strong written and verbal communication skills with the ability to interact effectively with all levels of management and outside service providers* Demonstrated problem solving skills* Strong organizational skills with ability to multitask and prioritize to meet assigned deadlines* Responds to requests for information in a timely and professional manner* Working knowledge of loan documents* Ability to analyze and interpret data and utilize results for presenting effective recommendationsPhysical Requirements:* Able to regularly sit for prolonged periods of time.* Able to travel:* occasionally* Extensive computer usage is required.Benefits:* Medical, Dental, and Vision Insurance* Health Savings Account* Flexible Spending Account(s)* Company Paid Life Insurance, Long Term Disability, and Short Term Disability* Voluntary Offerings: Life, Critical Illness/Specified Disease, Accident, Hospital Indemnity & Personal Accident* Tuition Reimbursement* Employee Referral Program* Wellness Reimbursement Program* Star Volunteer Program* Employee Banking and Financial Perks* Paid Time Off (PTO)* Company Paid HolidaysThis job description is not exhaustive. The Construction Loan Administrator may be required to perform other duties as assigned.The expected rate of pay for this position is shown above. Compensation offers are based on a wide range of factors including relevant skills, training, experience, education and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to your base rate of pay and a competitive benefits package, successful candidates may be eligible to receive cash or equity-based incentives based on the role and performance.
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