Construction Disbursement Specialist

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

The Construction Disbursement Specialist I is responsible for the set up of the construction budget into CLCS and the disbursement of construction loan draws within established budget.

• Enter 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.
• Obtain approval for budget change request line item
• Process construction loan disbursements
• Prepare cashier’s check or wire transaction and enter in CLCS.
• Obtain title insurance date down/change orders for draw request.
• Order third party inspection reports
• 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.
• Ensure that all disbursement documentation is scanned and saved in the imaging system.
• Interface with relationship managers, title companies, appraisal department, construction services, accounting and etc.
• Respond to internal inquiries on the above processes
• Perform End of Day Balancing
• Process all other miscellaneous activities as requested

• Associate Degree preferred, or equivalent work related experience
• Minimum 1 year of work experience preferably in Banking
• Real Estate Construction lending knowledge preferred
• Loan system experience with CLCS knowledge preferred
• Proficient in Microsoft Office
• Good written and verbal communication skills
• 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

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

The base pay range for this position is USD $20.00/Hr.

- USD $37.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.