Principal Associate, Construction Loan Administration - Community Finance
Core
Managing a medium- to large-sized portfolio of standard/complex construction loans, primarily multifamily low-income housing tax credit (LIHTC) transactions, with full responsibility for monthly due diligence on borrower draw requisitions and risk mitigation.
Role type
Senior IC construction loan administrator
Builds
Production loan administration workflows for multifamily LIHTC projects
Domain
Banking / Real Estate Finance / Construction Lending
Deliverable
Production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work
Required skills
Construction loan management, Accounting, Loan operations, Documentation review, Budget tracking, Change order management, Equity contribution tracking, General ledger transactions, Interest payment processing, Insurance compliance, Loan lifecycle management, Team training, Process improvement
Preferred skills
Construction lending, LIHTC investment, Syndication, Credit analysis, Problem solving
Technologies
Bank-controlled accounts (BCAs), General ledger systems
Responsibilities
Review transaction documentation and attend closing calls, Process monthly draw requisitions with due diligence, Manage bank-controlled accounts and track budgets/change orders, Handle general ledger transactions, interest payments, and insurance compliance, Monitor loan maturities and coordinate extensions/payoffs, Lead team training and drive strategic process improvement projects
Seniority
Senior, hands-on IC