Principal Associate, Construction Loan Administration
$108,900–$124,300 year
On-site · McLean, Virginia, United States
Job Summary
Principal Associate in the Community Finance Construction Loan Administration team manages a medium- to large-sized portfolio of standard/complex construction loans (primarily LIHTC transactions), performing monthly due diligence on draw requisitions, ensuring loan-document compliance, and coordinating with project managers, closers, inspectors, and government agencies. Responsibilities include end-to-end loan administration, managing monthly draw requisitions and BCAs, tracking budgets, change orders, and equity contributions, handling general ledger transactions and interest payments, monitoring maturities and extensions, processing payoffs, and executing permanent loan conversions. The role also entails leading team training, onboarding new members, and driving strategic process improvement projects.
Required Qualifications
- High School Diploma, GED or Equivalent Certification
- At least 3 years of experience in construction loan management
- At least 3 years of experience in accounting and loan operations, including the direct preparation, review, or processing of loan documents.
Desired Qualifications
- Bachelor’s Degree or Military Experience
- 5+ years of experience in construction loan management
- Experience with construction lending, LIHTC investment or syndication
- Strong critical thinking, credit analysis and problem solving skills
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