Specialist - Construction Loan Administration SBA

About the role

The Specialist - Construction Loan Administration SBA is responsible for all multi-disbursement SBA 7(a), USDA and 504 term loans. This role ensures all loan disbursements comply with SBA SOP and Fulton Bank requirements, credit approval terms, construction budgets, and internal risk controls.

Responsibilities

• Review construction loan documents, budgets, contracts, plans/specs, and timelines to confirm alignment with credit approval, SBA Terms and Conditions, and closing terms.
• Conduct plan and project review and GC qualification review.
• Establish and maintain construction draw schedules, including reviewing, preparing, tracking, reconciling, and funding all SBA loans that have a multiple-disbursement component.
• Review flood determinations, building permits and other documentation.
• Cook up and coordinate with third-party inspections, appraisals, lien waivers, and title updates.
• Maintain construction progress to ensure work is completed in accordance with approved plans and specifications.
• Collect all necessary documentation related to each disbursement including pay applications, lien waivers, invoices, proof of payment and other documentation required by SBA SOP or Fulton Bank.
• Identify construction risks, variances, cost overruns, or delays and escalate concerns to SBA Credit, Relationship Management, and Risk as appropriate.
• Process and fund multiple disbursements in compliance with SBA SOP, loan conditions, and bank policy.
• Review and validate draw requests, including contractor invoices, borrower certifications, lien waivers, inspection reports, searches as required by the state or prior to loan disbursement.
• Ensure proper application of borrower equity prior to loan disbursement.
• Reconcile disbursement activity against approved budgets and loan systems.
• Ensure all disbursement activity complies with current SBA SOP requirements and servicing guidance.
• Maintain complete, accurate, and audit-ready construction and disbursement files.
• Support SBA loan servicing, reviews, internal audits, and external examinations.
• Collaborate with SBA Sales, Credit, Closing, and Servicing teams to provide guidance, solutions, and resolve issues efficiently.

Requirements

• Education: Associate Degree or the equivalent experience. Specialty Business Administration or other applicable.
• Experience: 5 or more years SBA lending, construction loan administration, or commercial loan operations. 2 or more years experience with construction draw management and multiple disbursement loan structures.

Qualifications

• Knowledge, Skills, And Abilities: Strong understanding of SBA SOP (including construction eligibility, disbursement rules, and equity injection requirements). Strong working knowledge of SBA 7(a) and/or 504 construction lending requirements. Proven ability with construction budgets, cost breakdowns, retainage, and lien requirements. Proficiency in loan origination and servicing systems, Excel, and document management platforms. Strong attention to detail and risk awareness. Ability to manage multiple projects and deadlines simultaneously. Analytical and problem-solving mindset. Effective written and verbal communication. Customer-centric but risk-focused approach. Strong organizational and documentation discipline.

Skills

• Strong understanding of SBA SOP (including construction eligibility, disbursement rules, and equity injection requirements).
• Strong working knowledge of SBA 7(a) and/or 504 construction lending requirements.
• Proven ability with construction budgets, cost breakdowns, retainage, and lien requirements.
• Proficiency in loan origination and servicing systems, Excel, and document management platforms.
• Strong attention to detail and risk awareness.
• Ability to manage multiple projects and deadlines simultaneously.
• Analytical and problem-solving mindset.
• Effective written and verbal communication.
• Customer-centric but risk-focused approach.
• Strong organizational and documentation discipline.

Benefits

• Medical plans with prescription drug coverage.
• Flexible spending account or health savings account depending on the medical plan chosen.
• Dental and vision insurance.
• Life insurance.
• 401(k) program with employer match and Employee Stock Purchase Plan.
• Paid time off programs including holiday pay and paid volunteer time.
• Disability insurance coverage and maternity and parental leave.
• Adoption assistance.
• Educational assistance.
• A robust wellness program with financial incentives.

Pay

$34.86 - $58.08 per hour.

Schedule

This role can be fully remote.