CRE Construction Disbursement & Loan Closing Specialist

About Stifel

Stifel strives for a culture that puts its clients and associates first, fostering a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole. Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

• Execute construction loan closings based on approved credit terms, applying judgment to determine required documentation, closing conditions, and funding readiness.
• Process loan files from approval through funding, evaluating completeness and identifying gaps or inconsistencies that must be resolved prior to closing.
• Review and interpret loan documents, construction budgets, and draw schedules to determine funding eligibility and requirements.
• Administer construction loan disbursements, including evaluating draw requests, reviewing supporting documentation (inspections, lien waivers, invoices, etc.), and determining whether requests align with loan terms and approved budgets.
• Assess the sufficiency and accuracy of documentation, determining whether conditions have been met or if additional information is required.
• Identify, investigate, and resolve discrepancies or exceptions related to documentation, funding requirements, or disbursement activity.
• Determine and manage outstanding closing conditions, funding requirements, and post-closing items, ensuring timely resolution.
• Cook up with borrowers, title companies, attorneys, inspectors, and internal teams to clarify requirements and facilitate loan closings and funding.
• Support loan booking, funding, and ongoing updates within internal systems, ensuring data accuracy and completeness.
• Aid in loan amendments, extensions, renewals, and modifications, reviewing changes for consistency with loan terms and requirements.
• Maintain accurate loan records and documentation in applicable systems.
• Apply established procedures and controls while exercising judgment to address transaction-specific nuances.
• Exercise independent judgment in interpreting loan documentation, evaluating draw requests, and determining required actions to support loan closing and disbursement activity.
• Identify recurring issues or process gaps and share feedback with the Portfolio Operations team.

What We're Looking For

• Working knowledge of commercial real estate (CRE) lending, construction loans, or loan administration.
• Ability to review and interpret loan documentation, construction budgets, and draw requests.
• Strong attention to detail with the ability to assess completeness and identify discrepancies.
• Ability to manage multiple transactions and deadlines in a dynamic environment.
• Strong organizational and time management skills.
• Clear and professional communication skills.
• Ability to work independently, applying judgment within established guidelines.
• Ability to resolve routine issues and escalate more complex matters appropriately.

Education & Experience

• Minimum Required: Bachelor’s degree or equivalent experience.
• Minimum Required: 3+ years of experience in loan operations, CRE loan closing, construction disbursement, or a related role.
• Licenses & Credentials: Minimum Required: None.

Systems & Technology

• Proficiency in Microsoft Office (Excel, Word, Outlook).
• Experience with loan servicing, document management, or financial systems preferred.
• Ability to work across multiple systems to support transaction execution, documentation review, and data tracking.