Construction Draw Specialist

Construction Draw Specialist

Reach Your Potential at Celtic Bank! You're brave, ambitious, and passionate in everything you do? We want you on our team! The Construction Draw Specialist is required to convey an image of professionalism, efficiency, and competence as a member of the Celtic Bank team. The Construction Draw Specialist is expected to deliver exceptional service and maintain all related activities in an organized and consistent manner. As a Construction Draw Specialist you will work closely with the borrower and general contractors to review, reconcile, and execute new construction draw requests. You will collaborate closely with team members across various departments to ensure deadlines are achieved and will be responsible for ensuring compliance with Celtic Bank General Policies as well as state and federal regulations.

With this job you will have the opportunity to work in a fast-paced environment where you are able to interact with internal groups, clients and contractors across the nation on various types of projects. Be it analyzing a project budget, processing draws and finding solutions to challenges that may arise through the construction process, or performing loan servicing actions, there is always something to continue your learning and progression.

The ideal Construction Draw Specialist candidate has some experience with processing and / or preparing draw requests in a lending environment or accounts payable in a general contractor environment, is highly detail-oriented, and has a good understanding of budgets.

Essential Job Functions

• Coordinating with our Front of House team to ensure a smooth transition between the credit / closing phase to disbursement.
• Leveraging BUILT technology to manage draw request files, including uploading documents, entering budget numbers, and reconciling expenses.
• Keeping track of project timelines and possible delays.
• Processing loan extensions in a timely manner if projects are delayed.
• Review all construction loan documentation in post-closings for accuracy and compliance.
• Order and review construction project progress inspections.
• Reconciling BUILT project budgets with our CORE system to ensure accurate tracking of loan funds.
• Administer construction draws for the duration of the construction project.
• Proactively monitor assigned construction portfolio to ensure project progression.
• Maintain strong working relationship with borrower and general contractor.
• Complies with and adheres to all regulatory compliance areas, policies and procedures and best practices.
• Perform other duties as assigned.

Requirements

Benefits

Headquartered in the heart of downtown Salt Lake City, Utah, Celtic Bank was named a top SBA lender in the nation in 2024! Celtic Bank is a leading nationwide lender specializing in SBA 7(a), SBA 504, USDA B&I, express loans, asset-based loans, commercial real estate loans and commercial construction loans.

Celtic Bank is an equal opportunity employer and complies with all applicable federal, state and local fair employment practices laws.

Physical and Other Requirements