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Relationship Administrator III - CRE & CDB Construction Monitoring Team

Chicago, Illinois;

Job Description:

Leads the effort in the pre-closing and closing process on complex real estate loans, including construction, term, lines of credit, and letters of credit, some of which may be syndicated. Independently reviews loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Works closely with Client Manager, borrower, counsel, construction consultants and title companies. Monitors documentation requirements and exceptions, including interest and past dues. Contributes to the development and training of junior associates. Responsible for managing construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Has three or more years of previous real estate loan administration experience or real estate paralegal experience; proficient computer skills, including Windows, Excel, Word and Outlook; excellent written and verbal communication skills; effective problem solving skills. Bachelors degree and/or accounting experience preferred.

Responsibilities include:

  • Primary point of contact for all servicing related activities. 

  • Independent management of complex commercial real estate construction draw processes and closing Service Modifications to ensure consistency, mitigate risk and ensure adherence with documentation and all regulatory requirements. 

  • Independent review of construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budgets and all sources of funds, and ensuring loans are in balance and in compliance with all approvals. 

  • Additional responsibilities include monitoring documentation requirements and exceptions, including interest and past dues.  

Requirements:

  • Understanding of regulatory requirements and credit and operational risk management

  • Strong ability to influence, effectively collaborate and coordinate servicing activities with a variety of business partners

  • Excellent organizational and time management skills with ability to simultaneously manage multiple loan disbursements and competing priorities. 

  • Knowledge of CDB Construction Loans, Loan IQ and Aries is a plus

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Leads the effort in the pre-closing and closing process on complex real estate loans, including construction, term, lines of credit, and letters of credit, some of which may be syndicated. Independently reviews loan approval and loan documents prepared by counsel to ensure consistency and adherence to requirements. Works closely with Client Manager, borrower, counsel, construction consultants and title companies. Monitors documentation requirements and exceptions, including interest and past dues. Contributes to the development and training of junior associates. Responsible for managing construction draw process, including reviewing construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budget, monitoring non-loan sources of funds for certain product types, and ensuring loan is in balance in accordance with approval. Has three or more years of previous real estate loan administration experience or real estate paralegal experience; proficient computer skills, including Windows, Excel, Word and Outlook; excellent written and verbal communication skills; effective problem solving skills. Bachelors degree and/or accounting experience preferred.

Responsibilities include:

  • Primary point of contact for all servicing related activities. 

  • Independent management of complex commercial real estate construction draw processes and closing Service Modifications to ensure consistency, mitigate risk and ensure adherence with documentation and all regulatory requirements. 

  • Independent review of construction draw packages, identifying and helping to resolve construction and title issues, keeping accurate records of loan budgets and all sources of funds, and ensuring loans are in balance and in compliance with all approvals. 

  • Additional responsibilities include monitoring documentation requirements and exceptions, including interest and past dues.  

Requirements:

  • Understanding of regulatory requirements and credit and operational risk management

  • Strong ability to influence, effectively collaborate and coordinate servicing activities with a variety of business partners

  • Excellent organizational and time management skills with ability to simultaneously manage multiple loan disbursements and competing priorities. 

  • Knowledge of CDB Construction Loans, Loan IQ and Aries is a plus

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21044903

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Kimberly Ravlich

Referral Bonus:

0