What are the responsibilities and job description for the CONSTRUCTION LOAN ADMINISTRATOR position at OSP LP?
Primary Position Objective
Service and administer commercial construction loans used to construct affordable multifamily rental communities and commercial real estate developments.
Major Duties and Responsibilities:
- Review and interpret commercial loan documents to service construction loans in accordance with agreed upon terms.
- Review and approve closing draws and monthly draw submissions that include an AIA G702 Application and Certificate for Payment and G703 Continuation Sheet, which collectively represent a request for funding to construct or rehabilitate commercial developments.
- Review, analyze, and approve contracts, invoices and support for development expenditures submitted for funding approval.
- Create and maintain organized construction loan files in accordance with a defined policy.
- Review and interpret construction inspection reports.
- Request and review commercial title insurance updates to confirm the fee simple title is free of liens or encumbrances.
- Effectively communicate with staff and clients; and
- Adhere to timelines and deadlines established based on client needs and department workflow.
Supervisory Requirements:
None
Additional Expectations:
- Provide a professional example, accuracy, and consistency in work performance.
- Participates and is an active team member by assisting others.
- Communicates in a courteous manner.
- Maintains the quality and integrity of the services provided by the department.
- Create an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision-Mission-Values and our Goals and Objectives “VMVGO”.
Independent Judgment:
- Ability to recognize the sufficiency and accuracy of information provided for funding construction draw requests.
- Identify potential issues, inconsistencies, errors and defaults discovered during the review process that may impact ability to fund; and
- Effectively communicate identified issues with manager.
Requirements & Qualifications:
- 1 to 5 years’ experience in construction loan administration or construction accounting.
- Bachelor’s degree in business, finance or accounting related field or equivalent experience.
- Knowledge of commercial loan documentation.
- Knowledge of construction accounting procedures
- Knowledge of Davis Bacon and Section 3 helpful but not required
- Good attention to detail, organizational, and problem-solving skills.
- Ability to be flexible and meet deadlines.
- Ability to work independently with minimal supervision.
- Strong computer skills with emphasis on Microsoft Excel, Word, and Outlook.
- Excellent analytical and communication skills (verbal and written).
Physical Requirements
- Talking - Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
- Hearing - Able to hear average or normal conversations and receive ordinary information.
- Repetitive Motion - Movements frequently and regularly required using the wrists, hands, and/or fingers.
- Vision - Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.
- Physical Strength - Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.
This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position.
AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; PTO and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required.
AmeriNat will consider qualified applicants in a manner consistent with local “Fair Chance” ordinances. AmeriNat is an Equal Opportunity Employer.