Construction Disbursement Administrator

Western Alliance Bank•Phoenix, AZ

About The Position

The Construction Disbursement Specialist is responsible for the disbursement process on all construction loans while mitigating the bank’s risk during the construction process. The duties include but are not limited to reviewing loan budgets and new loan setups, evaluating draw packages, understanding loan documentation, working with various internal departments relating to draw funding, tracking collateral movement, and managing post-construction processes to ensure the bank satisfies its responsibilities in regard to the collateral. This person works closely with our lender’s construction risk managers and our credit/management team to ensure transactions are clearing as expected with little delays. Responsible for preparing and organizing loan draw packages, ensuring quality, completeness and accuracy, prior to disbursement Completes disbursement requests on a portfolio of customers, lending against real estate transactions. Averages 4-8 originator portfolios to monitor and provide updates to Credit on monthly basis of progress. Review for any delays or exceptions prior to maturity and preemptively work with Credit on extension requests. Notifies WHL Sales Officers and management of liens, project budget issues, or other conditions that increase the bank’s risk. Performs other duties and participates in special projects as assigned by management.

Requirements

1+ years of related experience in Loan Administration, Lending and/or Deposit Sales, Other or similar field
High school diploma required
Entry level to intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management and/or other commercial banking products and services
Entry level to intermediate knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards and practices
Entry level speaking and writing communications skills

Nice To Haves

3-4 Years of Mortgage industry experience or 1-2 years of experience in commercial real estate construction lending with an emphasis on the disbursement process
Ideal candidate will have prior experience as a Home Builder Closer/Funder
Ability to work in a fast paced, deadline driven work environment and handle multiple projects simultaneously with a high degree of accuracy

Responsibilities

reviewing loan budgets and new loan setups
evaluating draw packages
understanding loan documentation
working with various internal departments relating to draw funding
tracking collateral movement
managing post-construction processes to ensure the bank satisfies its responsibilities in regard to the collateral
preparing and organizing loan draw packages, ensuring quality, completeness and accuracy, prior to disbursement
Completes disbursement requests on a portfolio of customers, lending against real estate transactions
monitor and provide updates to Credit on monthly basis of progress
Review for any delays or exceptions prior to maturity and preemptively work with Credit on extension requests
Notifies WHL Sales Officers and management of liens, project budget issues, or other conditions that increase the bank’s risk
Performs other duties and participates in special projects as assigned by management