Commercial Construction Loan Administrator

The Commercial Construction Loan Administrator (CLA) is responsible for outlining all necessary construction loan-related requirements in the Loan Presentation (LP) and upon approval, working with Banker and CLC to ensure all of those requirements are met prior to or at closing. Additionally, this position monitors the Bank's commercial lending construction loan portfolio to ensure that all projects are progressing as expected and being administered as approved.

Responsibilities

• Outline the necessary requirements for each construction project within the LP prior to loan approval.
• Consult with Bankers and outside consultants, as necessary, to review and analyze the adequacy of the Sworn Construction Statement.
• Work with Bankers and Commercial Loan Coordinators (CLC) to ensure all applicable contracts from the General Contractor and Sub-contractors are obtained and assigned.
• Participate in pre-close calls with Banker, CLC, borrower, title company, attorneys, architects, and inspectors to discuss construction loan process and expectations.
• Monitor and control loan disbursements as approved in the Loan Presentation, which may include:
• Entering customer information, contractor information, and approved budgets into Construct loan administration platform.
• Reviewing draw requests presented by the contractor/builder to ensure it is within the construction budget.
• Review pay applications and contractor supplied invoices to confirm draw correct draw amount.
• Ensuring lien waivers have been received on prior disbursements.
• Reviewing or performing onsite inspections of the construction project, prior to disbursement, to support the appropriate level of work has been completed.
• Preparing independent progress inspection reports.
• Hire third party building inspectors when appropriate.
• Communicating with the Banker, CLC, and/or title company to fund the draw request, or if problems exist, immediately contact the Banker and immediate supervisor to ensure suitable corrective actions are taken.
• Ensure adequate builder’s risk or comparable hazard insurance coverage is in place.
• Monitor any loan agreement covenants that pertain to the construction phase.
• Develop a consistent process to adequately document the administration of construction loans.
• Provide back up to other Construction Loan Administrators on the team when necessary.

• Know and live Bell Bank’s values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
• Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
• All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
• Prompt and reliable attendance.
• Perform other duties as assigned.

• Bachelor’s Degree in Construction Management preferred or equivalent combination of education and experience that gives an understanding of the construction loan process.
• 2-4 years of relevant experience.

• Familiarity with standard concepts, practices, and procedures with commercial real estate construction lending and monitoring of commercial real estate construction projects.
• Proven ability at multitasking and able to perform a variety of tasks, including speaking to customers, contractors, loan officers, title insurance personnel, etc. and be able to work through any deficiencies.
• Excellent verbal and written and communication skills.
• Proficiency with computer technology.
• Effective time management and organizational skills.