Construction Administrator II

Overview:

Primary Responsibilities:

• Review loan documents to ensure consistency with loan approval and Bank construction requirements.
• Coordinate with closing attorney, borrower, investors and participants for pre- and post-closing construction loan requirements for adequacy and compliance prior to loan settlement and/or advances.
• Ensure up-front equity requirements have been met prior to hard cost funding.
• Provide analysis and maintenance of loan budget and reallocations to ensure project remains in line with approved costs and completion date.
• Prepare ticklers and track covenant compliance in connection with construction; track relevant covenant data in the system for reporting to senior management.
• Work directly with inspector to ensure inspections are timely and provide appropriate data to determine a project is on target with budget and completion. Work with Relationship Manager, inspector and borrower to resolve unforeseen issues that may develop during construction.
• Understand and comply with state specific title requirements to maintain Bank's lien priority. Work with title company, Relationship Manager and customer to address intervening liens and other matters of title that develop during the course of the funding process.
• Identify critical risks or project setbacks through careful analysis of title updates, draw back-up and budget updates and site inspections and escalate issues to appropriate internal and line management for resolution and approval.
• Participate in department-wide special projects and initiatives as needed.
• Ensure loan budgets and project performance are appropriately maintained on the system.