Construction Loan Administrator Real Estate Finance

*Hybrid Position*Responsible for the administration and servicing of more complex construction loans from initial set up to full repayment. Reviews and interprets legal documents to be in accordance with the approved terms. Prepares new loan data entry forms reviews and monitors construction loans for completeness and accuracy for which data was entered. Responsible for the review and collection of the loans initial documentation information integrity and accuracy. Processes periodic disbursement requests and repayment DUTIES AND RESPONSIBILITIES:Works with Operations Unit Manager Real Estate Finance (REF) Risk Manager Real Estate Finance (REF) Processor and Relationship Manager to set up new construction loans and request new loan more complex construction loans prepare new loan set-up data sheets and review new construction loan information in the Pipeline section of the construction loan system. Sets up loan budget; reviews data input for accuracy and assures that new loan set up line-item budgets are in accordance with approval. Understands and implements required primary and subaccount data entry input. Reviews essential documentation ensuring that original executed Note is received prior to all Real Estate Finance (REF) construction loans assured pre-closing on-going draw disbursement funds are reserved with Finance Department Funds Manager and coordinates actual funding with Loan Operations Accountant at closing and for all subsequent up construction loan disbursement files; set up new borrower portfolio files or assure new loan information is included in existing portfolio all disbursement vouchers on the construction loan; track all Sales Agreements and/or Lease achievements on the construction loan. Assures receipt and approval of inspection and title bring down reports for all voucher requests. Schedules all disbursement transactions and input requests into the CONSTRUCTION LOAN all Letters of Credit are properly accounted for on the Construction Loan System Budget. Track the respective Township Release(s) for each Letter of and presents disbursement documentation from the system monitors and balances disbursement report. Works with Operations Unit Manager and Real Estate Finance (REF) Reporting and Risk Management Unit Manager to assure accurate set up and administration of all loan Syndications/Participations In or escrow account information ensuring complete accuracy of account information. Maintains the integrity of the system monthly interest billing statements for accuracy. Monitors interest reserve adequacy on all accounts; assures accurate billing if interest reserves are management to process and procedural changes concerning the daily monthly and continuing responsibilities associated with managing and controlling construction loan information interfaced with bank wide Accounting and Finance systems for the construction loan system used by the Loan Operations Accountant lending staff and this position. Works with and coordinates specific job activities with the Real Estate Finance (REF) Construction Loan Processor to assure adequate backup. Provides excellent customer service to clients. Responds to general inquiries on loan in the development of new business for Firstrust. Possesses knowledge of corporate products and services to suggest products and directs customers to appropriate people to open AND SENSORY REQUIREMENTS:Prolonged periods sitting at a desk and working on a ON-THE-JOB-RISKS:None TRAINING AND EXPERIENCE:Bachelors Degree in accounting finance or related field; OR comparable experience inconstruction loan servicing or a commercial banking positionKnowledge of transaction data entry and understanding of debits/credits as well as proofing and balancing knowledge of general ledger automated computing skills in MS Office (Word Excel Outlook)Demonstrated commitment to quality serviceStrong work habits attention to detail and teamwork