[Hiring] Senior Loan Construction Administration Specialist @Seacoast Bank

Role Description

This position is a temporary employment opportunity and can be remote with a flexible work location.

Responsible for multiple duties in the Construction Administration Department whose primary objective is to administer the Bank’s commercial construction loan and residential construction loan portfolios in adherence to Bank policies and procedures, applicable lending regulations, and construction lien law.

• Initial setup of construction loan files.
• Monitor controls to minimize risk to the Bank during the construction period by ensuring:
  • Proper documentation is received.
  • Budgets are adhered to.
  • Proper insurance coverage is in place.
  • Funds are available at all times to complete projects.
• Administer the construction draw process including:
  • Initiation of inspections per procedures.
  • Monitoring notice to owners and progress payment affidavits.
  • Coordinating draw requests.
  • Obtaining title policy updates when required.
• Assure all documentation is in place for proper closeout of construction files through payoff or conversion to permanent loan.
• Monitor management reports and controls on an ongoing basis and timely report any discrepancies to department management.
• Assist in establishing and revising department procedures as necessary.
• Fill in and assume the responsibilities of Construction Loan Administration Manager as needed.

Qualifications

• 5-7 years of experience in commercial construction loan administration.
• 3-5 years of training and supervisory experience.
• Minimum high school graduate, college degree preferred.
• Proven problem-solving abilities utilizing resources available to develop technical and analytical skills.
• Specific knowledge of banking regulations and construction lien law.
• Familiarity with real estate documentation, construction loan agreements, and AIA documents.
• Personal computer proficiency with Excel and Word with adaptability to transfer skills to other software programs.
• Ability to conceptualize and construct spreadsheets using Excel, and troubleshoot and correct errors in formulas or calculations.
• Comfortable interacting directly with borrowers, commercial lenders, management, and other professionals.
• Ability to work without close supervision, set priorities, and be responsive to change.
• Ability to make independent decisions and manage several projects simultaneously.

Requirements

• Adhere to the highest legal and ethical standards applicable to our industry.
• Observe both the spirit and letter of all government regulations and laws, and bank policies and procedures.
• Complete annual required training post-hire and effectively execute role responsibilities.

Company Description