Construction Loan Coordinator I-II

Washington Trust Bank is looking for a dynamic candidate for our Construction Loan Coordinator role. This is a great opportunity to collaborate with a specialized team and manage Commercial Real Estate loans to completion.

Location: Spokane WA or Meridian ID. Onsite work required.

We are looking for someone who has the drive to:

• Collaborate with managers and team members for Commercial Real Estate lending
• Establish meaningful relationships with customers
• Use trust and respect in an effort to deepen these relationships
• Maintain personal accountability in relation to the teams and branchs goals

Essential Functions:

• Orders and reviews supporting loan documentation such as title reports appraisals environmental reports and flood insurance verifications. Ensures compliance with pre- and post-closing requirements pursuant to the credit authorization.
• Prepare requests for loan documentation packages for new and renewed loans and ensures applicable loan documents have been accurately prepared.
• Closes commercial/residential construction loans. Prepares and records applicable closing documents. Coordinates closing and funding with borrowers title companies and closing attorneys as required.
• Sets up and maintains thorough and accurate credit and draw files for residential and commercial construction loans.
• Administers the construction draw process which includes reviewing draws updating budgets ensuring loans are balanced reviewing inspection reports and identifying potential construction and title issues.
• Responsible for ensuring completeness and accuracy of draw packages and obtaining appropriate approval prior to funding.
• Tracks delinquent interest payments on all commercial real estate loans.
• Oversees the lot releases on development loans and release of collateral for all commercial real estate loans.
• Obtains set-aside letters and Letters of Credit for commercial real estate loans according to terms provided by City and County agencies keeping consistent with WTB policies and procedures.
• Works closely with relationship managers borrowers and all other authorized parties affiliated with each loan transaction to ensure deadlines are met.
• Provides timely and excellent customer service.
• Performs compliance and risk management duties as assigned.
• Responsible for entering correct data into the core system for commercial real estate management reports.

The job:

• Working with high attention to detail and accuracy
• Utilizing accounting and budgeting principals for Commercial Real Estate transactions
• Coordinating documentation closing funding and monitoring commercial and residential loans
• Multi-tasking and flexibility in a fast paced deadline-driven environment
• Performing well in both individual and team environments
• Confidently using Excel functions and formula driven spreadsheets
• Providing high level customer service to both external and internal clients throughout our footprint

Requirements:

• 2 years working knowledge of accounting and budgeting principles preferred.
• Strong knowledge of construction loan due diligence and procedures; ability to review LaserPro loan documentation and/or attorney prepared loan documentation ensuring it is in accordance with the credit approval.
• High degree of PC based technical skills including proficiency with the Microsoft Office Suite of products along with knowledge of bank core processing systems.
• High capacity to be flexible and learn in a fast-paced environment with both independent and team assignments and projects with the ability to prioritize multiple projects for timely delivery.
• Must be a self-directed individual who knows what needs to be done and operates with urgency focus and discipline in an environment with interruptions.
• Must exhibit excellent communication skills in written verbal presentation and interpersonal situations in order to win confidence at all levels of the organization and resolve matters appropriately.

Pay Range:

Construction Loan Coordinator I: $23.51 - $35.30
Construction Loan Coordinator II: $25.60 - $38.40

The compensation range represents the low and high end of the base compensation range for this position. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location experience and performance.This position is also eligible to participate in an applicable incentive compensation plan.

What Our Culture Can Offer You:

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health Financial Retirement and Work/Life Benefits. We are proud to share an overview of our benefitsHEREas part of your total compensation.

Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race religion sex gender identity sexual orientation national origin age pregnancy disability genetic information and any other protected characteristics outline by state federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team and we are dedicated to fostering a supportive and inclusive work environment.