Construction Administration Specialist

Shore United Bank is seeking a full-time Construction Administration Specialist to join our team. The Construction Loan Administration Specialist provides support to the Credit Administration and Construction Loan Departments in effort to mitigate the risks of construction lending. This role provides accurate and thorough reviews of construction loan and project documentation, detailed analysis of project budgets and support for draw requests, the ordering and evaluation of inspections, and timely, accurate funding disbursements for construction loan draws all under minimal supervision.

Essential Functions Include

• Draw request processing, which may include:
• Review of draw request presented by the contractor/builder or borrower to ensure it aligns with the construction budget and agreed upon draw schedule and/or format.
• Order inspections to verify appropriate level of work has been completed.
• Review complete inspection reports and communicate with appropriate party/parties regarding discrepancies.
• Ensure lien waivers, permits, insurance, occupancy certificates and/or other appropriate documents are received and properly documented.
• Communication with lenders, inspectors, builders, and borrowers related to all facets of construction loan administration
• Alert lender and/or immediate supervisor if problems exist requiring more in-depth review and/or suitable corrective actions to be taken.
• Verify and track appropriate insurance coverages such as Builders Risk, Hazard, Flood, and Liability.
• Monitor loan approval and loan agreement covenants and “special monitoring instructions” that pertain to the project.
• Know and adhere to construction loan policies and procedures.
• Make appropriate recommendations for process improvement and efficiency.
• Process approved draw request disbursements timely and accurately
• Image completed draw requests to include all supporting documents.
• Assist manager with other tracking, reporting, and processing activities relating to the life of the construction loan: pre-close, activation, monitoring, completion, maturing, stale, conversion, or payoff.
• Perform other duties as assigned to support the larger Credit Administration and Construction teams.
• Coordinates specific work tasks with other personnel within the department, as well as with other departments in order to ensure the smooth and efficient flow of information.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
  

Location: Felton Branch - 120 W Main St, Felton, DE 19943

Position Type/Expected Hours Of Work

• Full-time.
• Non-exempt.
• Days of Work: Monday-Friday.
  
  

Required Education And Experience

• High school diploma/GED equivalent.
• Minimum of two (2) years of experience in construction administration, documentation/processing, credit administration, lending, retail branch banking, or office administration.
  
  

Compensation

• The pay range for this position is $23.00 to $32.00 hourly.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.
  
  

Company Benefits

• Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
• Comprehensive benefits package for full-time employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
• Paid parental leave
• 401k savings plan with up to a 4% company match
• Employee Stock Purchase Plan
• Employee perks such as: employee banking services, loan discount program, education assistance, career development program, Employee Assistance Program, and wellness initiatives.
• Opportunity for growth and advancement
• Paid training program and continuous training sessions throughout the year on various topics
• Generous paid time off and paid sick time
• Community involvement opportunities
  
  

Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.

Shore United Bank is an Affirmative Action/Equal Opportunity Employer. Shore United Bank is an E-Verify participant.