Construction Loan Administrator - Real Estate Finance

Job Duties And Responsibilities

• Works with Operations Unit Manager, Real Estate Finance (REF) Risk Manager, Real Estate Finance (REF) Processor and Relationship Manager to set up new construction loans and request new loan numbers.
• For more complex construction loans, prepare new loan set-up data sheets and review new construction loan information in the Pipeline section of the construction loan system.
• Sets up loan budget; reviews data input for accuracy and assures that new loan set up line-item budgets are in accordance with approval.
• Understands and implements required primary and subaccount data entry input.
• Reviews essential documentation ensuring that original executed Note is received prior to funding.
• For all Real Estate Finance (REF) construction loans, assures pre-closing on-going draw disbursement funds are reserved with Finance Department Funds Manager and coordinates actual funding with Loan Operations Accountant at closing and for all subsequent draws.
• Processes periodic disbursement requests and repayment receipts.
• Sets up construction loan disbursement files; sets up new borrower portfolio files or assures new loan information is included in existing portfolio files.
• Enters all disbursement vouchers on the construction loan; tracks all Sales Agreements and/or Lease achievements on the construction loan.
• Schedules all disbursement transactions and input requests into the CONSTRUCTION LOAN system.
• Ensures all Letters of Credit are properly accounted for on the Construction Loan System Budget.
• Tracks the respective Township Release(s) for each Letter of Credit.
• Prepares and presents disbursement documentation from the system, monitors and balances disbursement report.
• Works with Operations Unit Manager and Real Estate Finance (REF) Reporting and Risk Management Unit Manager to assure accurate set up and administration of all loan Syndications/Participations – In or Out.
• Maintains the integrity of the system data.
• Reviews monthly interest billing statements for accuracy.
• Maintains interest reserve adequacy on all accounts; assures accurate billing if interest reserves are exhausted.
• Alerts management to process and procedural changes concerning the daily, monthly and continuing responsibilities associated with managing and controlling construction loan information interfaced with bank wide Accounting and Finance systems for the construction loan system used by the Loan Operations Accountant, lending staff and this position.
• Works with and coordinates specific job activities with the Real Estate Finance (REF) Construction Loan Processor to assure adequate backup.
• Provides excellent customer service to clients. Responds to general inquiries on loan status.
• Affords assistance in the development of new business for Firstrust.

Physical And Sensory Requirements

• Prolonged periods sitting at a desk and working on a computer.
• Potenial On-the-job-risks: None identified.

Education, Training And Experience

• Bachelor’s Degree in accounting, finance, or related field; OR comparable experience in construction loan servicing or a commercial banking position.
• Working knowledge of transaction data entry and understanding of debits/credits as well as proofing and balancing accounts.
• Intermediate computing skills in MS Office (Word, Excel, Outlook).

Knowledge And Skills

• Demonstrated commitment to quality service.
• Strong work habits, attention to detail, and teamwork.

Company Information

• Firstrust Bank provides equal employment opportunity without regard to race, color, creed, sex (including pregnancy), age, gender, (including gender nonconformity and status as a transgender or transsexual individual), physical or mental disability, religion, national origin, genetics, marital status, veteran’s status, ancestry, citizenship, sexual orientation, or other characteristics protected by applicable law.
• This policy applies to all areas of employment, including, without limitation, recruitment, hiring, training and development, promotion, transfer, termination, compensation, benefits, and all other conditions and privileges of employment in accordance with applicable federal, state and local laws.
• Firstrust Bank is an Equal Opportunity Employer.