Disbursement Loan Administrator

About the Role:

A construction loan administrator is responsible for reviewing construction loan documents in accordance with credit policy requirements for risk management, with responsibility for protecting the Bank’s interest through proper documentation, ensuring all approved terms and conditions are properly implemented throughout the administration of the construction loan and the accompanying draws

Monitor and collect, as necessary, required due diligence items

Coordinate document and funding request and check for accuracy

Work in partnership with Relationship Managers (RMs) and credit analysts as primary liaison with customers, inspectors, and title company representatives as the loan closes and during all phases of construction until the loan matures or until payoff

Work in partnership to review and analyze land surveys, environmental assessments, project reviews, and building inspection reports to ensure that all construction draws are funded in accordance with the required guidelines

Maintain loan files and disbursement files with sufficient documentation for third-party review and prepare files for timely audits

Analyze proposed construction budgets to ensure all appropriate project-related costs and sources of funds are identified

Analyze and reconcile construction draw requests, including recommending approval of the funding draws and obtaining all required approvals

Prepare monthly construction draws

Work daily with loan customers via telephone, email, and in person

All employees are responsible for internal controls in the performance of their assigned duties. Internal control responsibilities are established in various policies, procedures, and documents, including the Code of Conduct.

Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.

Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.

Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.

May be asked to coach, mentor, or train others and teach coursework as subject matter expert.

Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.

Takes personal initiative and is a positive example for others to emulate.

Embraces our vision to become “Business Bank of Choice”May perform other duties as assigned.

About You:

High school diploma or GED (preferred)5 years — of experience in commercial real estate, construction loan administration, or a related field, including project management/management experience (Required)2-4 years — Title and escrow experience (Preferred)
Advanced knowledge of title, escrow, survey, and loan documentation preparation

Advanced knowledge of all operational systems, procedures, construction guidelines, and/or services supported by the Bank’s Commercial Real Estate Services Department Extensive knowledge of construction industry and construction lending, including multi-phased construction and multiple collateral properties

Organizational and project management skills

Strong computer skills, including using Precision, Accu Draw (or similar construction draw monitoring software), PowerPoint, Excel, and creating links and fillable PDF documents

Strong technical expertise in construction draw administration functions

Knowledge of commercial real estate finance procedures, documentation, accounting, processes, procedures, and data systems

Well-developed customer relations skills

Excellent verbal and written communications skills

Detail-oriented

Ability to effectively multi-task and maintain a high level of organization

Knowledge of accounting principles and loan accounting systems

Travel Requirements None The  pay range for this role is $70,000.00 - $.The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related…