Senior Construction Disbursement Administrator
Senior Construction Disbursement Administrator
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Job Description
Job Title:
Senior Construction Disbursement AdministratorLocation:
BiltmoreWhat youll do:
The Construction Disbursement Specialist is responsible for the disbursement process on all construction loans while mitigating the banks 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 postconstruction processes to ensure the bank satisfies its responsibilities in regard to the collateral. This person works closely with our lenders construction risk managers and our credit/management team to ensure transactions are clearing as expected with little delays.- Serves as liaison between mortgage originators internal construction teams WAB Management and Credit staff prior to boarding loans to provide input on loan structure how construction draws will be processed and how the collateral will be monitored postclosing.
- 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 48 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 banks risk.
- Performs other duties and participates in special projects as assigned by management.
What youll need:
High school graduation or GED
3 years of Mortgage industry experience.
OR
12 yearsof experience in commercial real estate construction lending with an emphasis on the disbursement process
Intermediate knowledge of general banking operations including deposit operations loan administration treasury management and/or other commercial banking products and services helpful.
Strong communication skills especially speaking and listening skills
Experienced with Microsoft Office.
Benefits youll love:
We offer all the important things youd want like competitive salaries an ownership stake in the company medical and dental insurance time off a great 401k matching program tuition assistance program an employee volunteer program and a wellness program. In addition youll have the opportunity to bolster your business knowledge learning the ins and outs of how successful companies operate and manage their finances giving you invaluable handson experience to help grow your career!
About the company:
Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona Alliance Association Bank Bank of Nevada Bridge Bank First Independent Bank and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company.
Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race sex color religion age nation origin marital status disability protected veteran status sexual orientation gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying please email or call. When contacting us please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process.
Western Alliance Bancorporation
Required Experience:
Senior IC
Employment Type
Full-Time
