Construction Loan Administrator II

About the role

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

Responsibilities

• Manage and identify construction risks associated with complex commercial construction loan closings and disbursements.
  • Complete a detailed analysis of project budgets.
  • Review sufficiency of supporting documentation.
  • Determine whether the loan remains in balance.
  • Track the project’s progress as to the scheduled delivery and approved budget.
  • Ensure the project is completed lien free.
• Identify non-compliance with loan documentation provisions and internal Commercial Real Estate Policy and Procedures.
  • Communicate with Construction Loan Project Manager regarding progress and issues.
  • Recommend approval for commercial construction loan disbursements.
  • Work with different draw formats and forms.
  • Correct deficiencies in loan packages.
  • Order and review title updates or endorsements.
  • Ensure all appropriate lien waivers are collected and reviewed.
  • Review inspection reports and escalate issues as necessary.
  • Monitor changes in the project budget and contractor payment applications.
  • Determine if interest reserve and contingency line items remain adequate.
  • Identify early warning signs of fraud or project changes impacting completion.
  • Coordinate with internal partners on tax credit, syndicated, and/or participated loans.
  • Address participant questions or concerns.
• Process interest payments and complete interest reserve reporting for management.
  • Ensure timely payments to outside vendors.
  • Support portfolio reporting for management.
  • Supply information for internal and external audits.

Requirements

• Undergraduate degree in Business or Accounting or equivalent related work experience.
• 3-5+ years administering complex commercial construction loan disbursements preferred.
• Strong customer service skills, an aptitude for numbers and budgets, a general understanding of loan documents and loan terms, and a desire to learn are musts.
• Ability to identify construction risks and present solutions to mitigate risks on all project types.
• Strong verbal and written communication skills.
• Understanding of internal operation functions and commercial real estate lending.
• Skilled in problem solving and customer service.
• Ability to manage details, approach work in a highly systematic way, and have a high commitment to accuracy.
• Proficient in basic software applications such as Microsoft Word and Excel.
• Has the ability to learn automated data analysis tools and techniques.

Qualifications

• Minimum Knowledge, Skills And Abilities Required
• Undergraduate degree in Business or Accounting or equivalent related work experience.
• 3-5+ years administering complex commercial construction loan disbursements preferred.
• Strong customer service skills, an aptitude for numbers and budgets, a general understanding of loan documents and loan terms, and a desire to learn are musts.
• Ability to identify construction risks and present solutions to mitigate risks on all project types.
• Strong verbal and written communication skills.
• Understanding of internal operation functions and commercial real estate lending.
• Skilled in problem solving and customer service.
• Ability to manage details, approach work in a highly systematic way, and have a high commitment to accuracy.
• Proficient in basic software applications such as Microsoft Word and Excel.
• Has the ability to learn automated data analysis tools and techniques.

Skills

• Strong customer service skills.
• An aptitude for numbers and budgets.
• A general understanding of loan documents and loan terms.
• A desire to learn.
• Ability to identify construction risks and present solutions to mitigate risks on all project types.
• Strong verbal and written communication skills.
• Understanding of internal operation functions and commercial real estate lending.
• Skilled in problem solving and customer service.
• Ability to manage details, approach work in a highly systematic way, and have a high commitment to accuracy.
• Proficient in basic software applications such as Microsoft Word and Excel.
• Has the ability to learn automated data analysis tools and techniques.

Benefits

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

Pay

Total Base Pay Range: $54,400.00 - $111,500.00 USD Annual

Schedule

Not specified