United Bank

Sr. Construction Loan Administrator

US-VA-Vienna
3 weeks ago
Job ID
2017-2785
# of Openings
1
Category
Commercial Real Estate
Market/Branch
Fairfax East - Tysons corner

Responsibilities

The Senior Construction Loan Administrator's primary focus will be the loan administration of complex residential construction, commercial construction and land development loans.

 

RESPONSIBILITIES:

  • Administer construction loan portfolio. Process loan advances and reductions, track insurance, quote payoff figures, and apply interest payments.
  • Construction monitoring of both residential and commercial loans. Set up Excel workbooks with loan specific draw schedules for complex loans.
  • Coordinate all site inspections for loan draws relating to the construction loans and title bringdowns.
  • Ability to establish draw schedules and budget tracking using Excel workbooks based on the requirements of the loan approval, loan documents, and construction contract (if applicable).
  • Careful review of draw request to identify possible budget problems, and elevate to supervisors with recommendations for resolution.
  • Review inspection reports and draw documents for accuracy, and for conformance with the budget, loan approval, and Loan Agreement.
  • Approve draws jointly with loan officers
  • Update ledgers, budgets, and the funding log.
  • Work with title company to obtain Partial Satisfaction Certificates for processing within 30 days of receipt of payment.
  • Prepare quarterly Project Status Reports for review by, and signature of the loan officer.
  • Understanding of AIA construction documents, and the ability to identify and elevate issues contrary to documentation.
  • Administration of participation loan, both purchased and sold.
  • Backup Construction Loan Administrators in their absence.

Qualifications

  • High school diploma or equivalent required.
  • Bachelor’s degree in Business or related field or minimum of five (5) years of prior related working experience
  • Proficient in Word and Excel.
  • Strong attention to detail and accuracy.
  • Exercise sound judgement, and excellent independent decision making skills.
  • Excellent communication and organization skills.
  • Provide excellent customer service to both internal and external customers.
  • Familiar with FIS (or similar) loan system preferred.
  • Ability to adhere to set turnaround time on all draw requests.

 

KEY COMPETENCIES:

 

  • Critical thinking
  • Independent decision making & sound judgement
  • Client relationship management
  • Detail Oriented

 

 

ESSENTIAL FUNCTIONS:

 

  • Ability to observe, perceive, identify, and translate data.
  • Ability to converse, and exchange information with all levels of staff within organization.
  • Sufficient dexterity of hands and fingers to efficiently operate a computer keyboard, mouse, and other computer components.
  • Sitting for extended periods of time.

Overview

With over 175 years of experience, United Bank is one of the region’s premier banks with locations in West Virginia, Virginia, Washington, DC, Maryland, Ohio, and Pennsylvania. A subsidiary of United Bankshares, Inc., with dual headquarters in Washington, DC and Charleston, WV, we are a full service financial institution with over $19 billion in assets.


At United Bank, our people are our greatest asset. Our company is a perfect fit for hard-working, driven individuals as we provide a culture that is entrepreneurial, efficient, relationship-based and service-oriented. United is proud of our record of growth and our commitment to service - not only to our customers, but also to the communities in which we live and work.


United encourages our employees to become involved in the community and in professional activities, and we provide continued training and other support to help all employees achieve their full potential.

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