Senior Construction Disbursement Specialist

 The Senior Construction Disbursement Specialist is responsible for the servicing of complex Commercial Construction Project and Construction Loans such as Syndication & Bonds with activities including but not limited to; set up of the construction loans and budget into CLCS, the disbursement of construction loan draws within established budget, the 2^nd review of all data entered in CLCS and review of Construction Loan Agreement and its Budget.

• Review the CCR and loan agreement ensuring proper terms and budget are within the approved credit.
• Onboard new construction loans in the CLCS system and set up appropriate budget.
• Ensure the new loan set up line item budgets are in accordance with the credit approval and Construction Loan Agreement.
• Review the disbursement draw request to the specific line item in the budget ensuring funding within the budget.
• Perform 2^nd review quality control of all loan set up in CLCS
• Obtain approval for budget change request line item
• Reconcile borrower’s construction loan budget to the bank’s records
• Process construction loan disbursements
• Prepare Deposit or wire transaction and enter in CLCS.
• Obtain title insurance date down/change orders for draw request.
• Order third party inspection reports, process invoicing and reconciliation
• Track and follow up on receipt and approval of inspection and title date down reports.
• Monitor use of borrower’s soft cost funds and disbursing funds on borrower’s behalf.
• Monitor interest reserve adequacy on all accounts
• Monitor and reconcile Construction Loan Disbursement Report
• Maintain and monitor current property and general liability insurance in accordance with established guidelines/procedures for all files
• Interface with relationship managers, title companies, construction services, appraisal, and accounting departments.
• Respond to internal inquiries on the above processes
• Perform End of Day Balancing
• Provide training to Disbursement Specialist
• Participate in the establishment of procedures and workflow for the team
• Prepare 1099 year end reporting
• Process all other miscellaneous activities as requested

• Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience
• Minimum 5 years of work experience in commercial real estate construction loan Administration
• Knowledge of complex construction finance with multiple phases
• Experience with complex loan structured including Syndication & Bond
• Thorough understanding of Construction Loan Agreement and its covenants and provisions relative to construction disbursement and budget
• Thorough experience with collateral perfection and Title Policies
• Construction Loan system experience required with CLCS knowledge preferred
• Proficient in Microsoft Office with advance Excel skills preferred
• Excellent written and verbal communication skills required
• Good organizational, analytical and problem solving skills
• Ability to handle multiple tasks with excellent attention to detail
• Ability to organize and maintain a high volume work environment
• Ability to adapt quickly to changes and perform in a fast paced environment
• Ability to build effective relationships as needed to effectively address issues and obstacles