Construction Disbursement Specialist III
$41,600,000–$76,960,000 year
On-siteEl Monte, California, United States
Job Summary
Review construction loan agreements and credit terms to ensure approved budgets are met. Enter new construction loans into the CLCS system, set appropriate line item budgets, and perform second-review quality control on all loan setups and disbursement requests. Reconcile borrower budgets to bank records, process disbursements, and prepare wire or reference transactions. Monitor soft cost and disbursing funds, track title insurance dates, and order third-party inspection reports. Maintain property and liability insurance for all files, perform end-of-day balancing, and provide training to junior specialists.
Required Qualifications
- Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience
- Minimum 5 years of work experience in commercial real estate construction loan Administration
- Knowledge of complex construction finance with multiple phases
- Experience with complex loan structured including Syndication & Bond
- Thorough understanding of Construction Loan Agreement and its covenants and provisions relative to construction disbursement and budget
- Thorough experience with collateral perfection and Title Policies
- Construction Loan system experience required with CLCS knowledge preferred
- Proficient in Microsoft Office with advance Excel skills preferred
- Excellent written and verbal communication skills required
- Good organizational, analytical and problem solving skills
- Ability to handle multiple tasks with excellent attention to detail
- Ability to organize and maintain a high volume work environment
- Ability to adapt quickly to changes and perform in a fast paced environment
- Ability to build effective relationships as needed to effectively address issues and obstacles
- Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.
Desired Qualifications
- Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience
- Construction Loan system experience required with CLCS knowledge preferred
- Proficient in Microsoft Office with advance Excel skills preferred
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