Construction Disbursement Officer
Core
Servicing complex Commercial Construction Projects and Construction Loans by monitoring construction lifecycles, managing loan disbursements within established budgets, and ensuring compliance with loan agreements.
Role type
Senior Commercial Construction Loan Officer
Builds
Construction loan portfolios for commercial real estate projects
Domain
Commercial Banking / Construction Finance
Required skills
Commercial construction loan administration, Construction Loan Agreement analysis, Budget management, Disbursement draw review, Title insurance processing, Third-party inspection coordination, Reconciliation, Credit approval compliance, Loan system setup (CLCS), Quality control review
Preferred skills
Syndication & Bond experience, Advanced Excel skills, Microsoft Office proficiency, User acceptance testing, Training development
Technologies
CLCS, Microsoft Office, Excel
Responsibilities
Review CCR and loan agreements for proper terms and budget alignment; Enter new construction loans in CLCS and set up appropriate budgets; Review disbursement draw requests against specific line items; Perform 2nd review quality control of loan setup in CLCS; Reconcile borrower's construction loan budget to bank records; Obtain title insurance dates and change orders; Order and process third-party inspection reports; Monitor use of soft cost funds and interest reserves; Develop training plans and deliver training for associates; Prepare 1099 year-end reporting.
Seniority
Senior, hands-on IC