Sr. Construction Loan Administrator (Remote)

About Byline Bank

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $9.9 billion in assets and operates over 40 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing and U.S. Small Business Administration loans. Byline Bank is a member of FDIC and an Equal Housing Lender.

Objective Of Position

The Sr. Construction Loan Administrator is responsible for the coordination, maintenance, and oversight of loan processing and documentation operations activities and administration. This role will address operational issues to ensure they are resolved in an efficient and cost-effective manner.

Duties And Responsibilities

• Responsible for the analyzing and preparation of construction draws / disbursement requests and forms required for construction loans.
• Upon appropriate approval, responsible for funding the construction draws / disbursement requests and for handling the general inquiries and questions from customers, loan officers, and title companies concerning the construction draws / disbursements including funding availability, obtaining endorsements and approvals.
• Analyzes and reconciles construction budgets to evaluate budget variances and estimated cost to complete.
• Verifies compliance with loan covenants.
• Communicates the results of the analysis to the Credit Administration Manager and/or Loan Officer.
• Analyze and review Sworn Owner and Contractor Statements, Invoices, and Lien Waivers.
• Bid and engage inspecting architects for plan and cost review and monthly inspections.
• Review and approve inspecting architect reports and plan and cost reviews.
• Review and accept property and builder’s risk insurance from the property owner, and general liability insurance and workman’s compensation insurance (if necessary) from the general contractor for construction loans.
• Serve as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
• Support other collateral monitoring functions on a backup basis.
• All other duties as assigned.

Qualification

• Bachelor’s degree in Business Administration, Finance, or related degree.
• 4+ years construction loan administration experience within a financial institution.
• Working knowledge of construction loan concepts.
• Qualitative analytical skills.
• Knowledge of MS Suite of Products (Word, Excel, and Outlook).
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Self-motivated with a strong attention to detail.
• Strong change management, organizational, and planning capabilities.
• Strong written and verbal communication skills.