We are seeking to fill a Construction Disbursement position in the American Bank of Freedom loan department, which supports commercial lending.
The Construction Disbursement Manager is responsible for the setup of the construction budget into our BUILT Software, the review of construction loan data entry for completeness and accuracy and the disbursement of construction loan draws.
Responsibilities

• Enter new construction loans in the BUILT system and set up appropriate budget.
• Perform 2nd review of data input for accuracy and ensures the new loan set up line-item budgets are in accordance with the credit approval.
• Review the disbursement draw request to the specific line item in the budget ensuring funding within the budget. Obtain approval for budget change request line item.
• Process construction loan disbursements per guidelines and proper approval from the relationship manager in accordance with approval guidelines.
• Obtains title insurance date down/change orders for each draw request when required.
• Orders third party inspection reports, balances borrower’s construction loan budget against bank records
• Ensures receipt and approval of inspection and title date down reports for all voucher disbursement requests.
• Schedules all disbursement transactions and inputs requests into the BUILT system
• Monitor use of borrower’s soft cost funds and disbursing funds on borrower’s behalf.
• Verify current builder’s Risk and Flood insurance in place before disbursing for insurable improvements Ensure that all disbursement documentation is scanned and saved in the imaging system.
• Interface with relationship managers, title companies, appraisal department, construction services, accounting etc. to manage the servicing of loan portfolio.
• Provide excellent customer service to clients. Responds to general inquiries on loan status.
• Process all other miscellaneous activities as requested.
• Work directly with the bank customer to resolve budget, documentation, or payout concerns.
• Evaluate property inspection reports, invoices, lien waivers, and construction budgets to assure they support the amount of funding requested.
• Plan, organize, direct and control daily disbursement functions.
• Proficient computer skills (i.e., Microsoft Word, Excel, Outlook)
• Ability to work effectively in a team-oriented environment as well as independently.
• Ability to work well under pressure.
• Ability to multitask.
• Excellent communication skills, both verbal and written
• Displays excellent time management, organizational and problem-solving skills.
• Must be detailed-oriented and possess ability to prioritize workload based on draw request volume.
• Must maintain confidentiality of borrower and/or company information.
• Familiar with disbursement programs and reports, BUILT program.

Education And Experience

• Experience 2 or more years of experience in commercial real estate construction loan administration.
• Demonstrated ability to administer a portfolio of complex commercial real estate construction loans including participation loans;
• Strong technical expertise in construction loan administration functions.
• Considerable knowledge of commercial real estate construction financing including multi-phased construction and multiple collateral properties;
• Experience in commercial lending terminology, commercial loan practices and requirements, loan servicing, loan documentation and legal and documentation compliance;
• Considerable knowledge of construction finance, accounting and data systems.
• Skills/Ability: Ability to work in a fast-paced environment while maintaining a high level of accuracy;
• Ability to work on multiple projects with the flexibility for changing priorities; Excellent analytical, problem-solving and organizational skills;
• Excellent communication skills;
• Strong work habits, attention to detail and teamwork.
• Strong computer skills including Microsoft Office (MS Word, Excel, Outlook), construction budget and disbursement programs or other compatible programs. Use of BUILT Software is a plus.

Physical RequirementsThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential function of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Constant use of computer screens.
• Ability to operate a computer keyboard, use hand to finger, handle or feel, reach with hands and arms, and talk, see or hear.
• Ability to sit for long periods of time.
• Long periods of typing and repetitive motion.
• Close vision and ability to adjust focus.

Other DutiesPlease note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Working ConditionsPrimarily in an office environment. Will be expected to travel as request for bank business and outside training.