Specialist - Construction Loan Administration SBA

Value Proposition

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

Overview

This is a full-time career opportunity that can be fully remote.

The Specialist - Construction Loan Administration SBA is responsible for all multi-disbursement SBA 7(a), USDA and 504 term loans including but not limited to managing construction monitoring, inspections, equipment, furniture, fixtures, working capital and other disbursement activities. This role ensures all loan disbursements comply with SBA SOP and Fulton Bank requirements, credit approval terms, construction budgets, and internal risk controls. The position plays a critical role in safeguarding bank collateral while enabling timely and accurate borrower funding.

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
• Coordinate and review third party inspections, appraisals, lien waivers, and title updates.
• Monitor 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 servicing teams to facilitate smooth post construction loan transitions.
• Serve as a point of contact for borrowers, contractors, inspectors, title companies, Relationship Managers, and internal operations teams.
• Provide clear communication regarding draw requirements, funding status, and outstanding conditions.
• Partner with SBA Sales, Credit, Closing, and Servicing teams to provide guidance, solutions, and resolve issues efficiently.

Qualifications

Education

Associate Degree or the equivalent experience. Specialty:
Business Administration or other applicable. (Required)

Bachelor's Degree or the equivalent experience. Specialty:
Business Administration or other applicable. (Preferred)

Experience

5 or more years SBA lending, construction loan administration, or commercial loan operations. (Required)

2 or more years experience with construction draw management and multiple disbursement loan structures. (Preferred)

Knowledge, Skills, and Abilities

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

Other Duties as Assigned by Manager

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training…