Commercial Construction Monitoring Specialist

Job Summary

The Commercial Construction Monitoring Specialist oversees and manages the construction draw process for commercial lending projects. This role ensures funds are disbursed appropriately based on verified project progress, contractual requirements, and compliance with loan terms. The specialist acts as a key liaison between lenders, borrowers, contractors, and internal teams, mitigating risk while supporting timely project completion.

Essential Duties and Responsibilities

• Review, analyze, and approve construction draw requests in accordance with project specifications, cost estimates, builder contracts, and third-party inspections
• Ensure all disbursement requests include proper supporting documentation (e.g., lien waivers, signed pay applications, invoices)
• Reconcile contractor draw requests against available loan funds and verified work completed
• Examine construction contracts, budgets, project plans, draw schedules, and inspection reports for accuracy and compliance
• Adequately identify discrepancies, incomplete documentation, or compliance issues and initiate resolution
• Partner with lending assistants and lenders to confirm all required preliminary construction documentation is received, reviewed, and approved prior to loan closing
• Utilize construction management software (Built) to create and maintain project records
• Track and reconcile both hard and soft costs throughout the project lifecycle
• Ensure documentation aligns with contractor requests and approved project budgets
• Serve as the primary point of contact for all construction draw-related inquiries
• Respond to and resolve questions regarding draw disbursements, change orders, inspections, cost overruns, and lien status
• Maintain clear communication with internal stakeholders and external partners
• Analyze draw packages to confirm funds are disbursed based on verified progress and contract terms
• Ensure projects remain within budget, and all requirements are satisfied prior to funding release
• Identify, assess, and escalate potential risks related to budget, compliance, or project delays
• Monitor contingency funds to ensure adequate coverage throughout the project
• Track project timelines and progress to ensure completion in accordance with approved schedules
• Leverage Built software to proactively identify and mitigate potential issues
• Complete all mandatory and elective training including BSA and Anti-Money Laundering procedures. Maintain compliance with all appropriate rules and regulations
• Regular predictable attendance is an essential requirement of this position
• Complete all other duties as assigned