Construction Disbursement Loan Administrator II

Construction Disbursement Loan Administrator II

Loan Operations

Mountlake Terrace, Washington

Walnut Creek, California

Description

About Us :

At Columbia, we create a great place to work by offering a unique brand of relationship banking and fostering a culture where associates thrive. We are dedicated to supporting our customers and communities, and we can only achieve this through the dedication of ourassociates.

We value Trust, Ownership, Growth, Empathy, Teamwork, Heart, Enjoyment, and Relationships, and we are eager to meet candidates who embody these core values. We are always on the lookout for results-focused individuals who can think independently, work collaboratively, and support our broader purpose.

Think of us as financial partners, because at Columbia, we believe the best way forward is together. Together for people. Together for business. Together for better.

About the Role :

A Construction Disbursement Loan Administrator II is responsible for managing a complex commercial construction loan portfolio and reviewing CRE construction due diligence, loan documents and draw packages 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.

Responsible for the review and transaction processing of complex commercial construction loans and draw packages (CRE, multifamily, healthcare, industrial, retail, etc.) in accordance with the organization's workflow, ensuring regulation, policy, and procedures / practices are followed.

May serve as a subject matter expert (SME) in disbursement administration both internally and externally. May be asked to lead or assist others in understanding the organizations processes, procedures and policies.

Participate in projects and / or project teams within division and across departments with intentional collaboration across all channels.

Monitor loans in process, maintain pipeline reports regularly and maintain an active role in team meetings.

Monitor, collect, and review required due diligence items as applicable

Engage and coordinate third party consultants for cost reviews and / or site inspections and ensure timely delivery of reports

Coordinate receipt of borrowerdrawrequest packages, review for accuracy and process funding in accordance with bank guidelines and documented disbursement requirements.

Work in partnership with Relationship Managers (RMs), Underwriters, Loan Administrators and other Bank associates as primary liaison with customers, inspectors, and title company representatives as the loan closes and during all phases of construction until the project is complete and the construction loan is fully disbursed.

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

Maintain loan files and draw 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 accounted for

Analyze the final settlement statement and / or internal disbursement summary to confirm all fees paid at closing are included in the construction budget and the construction budget remains in balance at closing and throughout the construction loan term

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

Analyze and review monthly site inspections and title endorsements, as applicable, to assess and identify project risks

Create and maintain a bank budget for tracking all construction draws and interest reserve advances in the form of an excel document or construction loan management system.

Practice clear and open communication with customers and internal partners via telephone, email, and in person during all phases of the draw process

Monitor and manage interest reserve budgets and payments until the budget is fully disbursed

Other responsibilities as assigned

All associates are responsible for completing internal controls as part of performing 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 :

H.S Diploma / GED.Req

5 yearsof experience in commercial real estate, construction loan administration, or a related field, including project management / management experience. Required

2-4 yearsof Title andescrowexperiencePreferred

Demonstrated knowledge of title, escrow, survey, and loan documentation preparation

Demonstrated knowledge of all operational systems, procedures, construction guidelines, and / or services supported by the Bank's Construction Loan Administration Department

Demonstrated working knowledge of construction industry and construction lending, including multi-phased construction and multiple collateral properties

Excellent organizational and project management skills

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

Excellent technical expertise in constructiondrawadministration functions

Demonstrated working knowledge of commercial real estate documentation, accounting, processes, procedures, and data systems

Excellent customer relations skills

Excellent interpersonal, verbal, and written communication skills. Ability to effectively communicate across all levels of the organization

Detail-oriented

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

Demonstrated knowledge of accounting principles and loan accounting systems

Job Location(s) : Ability to work fully onsite at posted location(s).

Mountlake Terrace, WA

Walnut Creek, CA

Our Benefits :

We offer a competitive total rewards package including basewagesand comprehensive benefits. Thepayrange for this role is $75,000.00 - $105,000.00,and the pay rate for theselected candidate isdependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The rolemay beeligible for performance-based incentive compensation and those details will be provided during the recruitment process.

We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

Our Commitment to Diversity :

Columbia Bank isan equal opportunityand affirmative actionemployercommitted to employing, engaging, and developinga diverse workforce.Allqualifiedapplicants will receive considerationfor employmentwithout regard to race, color,national origin,religion, sex, age, sexual orientation, gender identity, gender expression, protected veteran status, disability, or any other applicable protected status or characteristics.If you require an accommodation to complete the application or interview(s),please let us know by email : [email protected] .

To Staffing and Recruiting Agencies :

Our posted job opportunities are onlyintendedfor individuals seekingemploymentat Columbia Bank.Columbia Bank does not accept unsolicited resumes or applications from agencies and Columbia Bank will not be responsible for any fees related to unsolicited resume submissions.Staffing and recruiting agencies are not authorized to submit profiles, applications,or resumestothis site or toany Columbia Bank employeeand any such submissionswill be consideredunsolicitedunlessrequesteddirectlyby a member of the Talent Acquisition team.