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Relationship Administrator II - Special Assets Group (SAG)

Chicago, Illinois;

Job Description:

Leads the effort in the pre-closing and closing process on basic real estate loans, including construction, term, lines of credit, and letters of credit; and with some supervision, contributes to the processes on moderately complex to complex real estate loans, which may include syndications. 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. May contribute to the 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 two or more years 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. Bachelor's degree or some accounting experience preferred.

Required:

  • The candidate is responsible for reviewing draws packages, completing loan modifications/extension, forbearance agreements, and resolving construction and title issues.

  • Will work directly with Line of Business Partners and outside counsel, in resolving issues, Defaults, Foreclosure, Litigation, Bankruptcy, and Judgments.

  • Must have clear understanding of documentation, have experience in through one or more down credit cycles, previous commercial real estate experience, excellent written and verbal communication skills. 

​Knowledge of Loan IQ and Construction Loan Servicing is a plus.​

Job Band:

H6

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

500

Job Description:

Leads the effort in the pre-closing and closing process on basic real estate loans, including construction, term, lines of credit, and letters of credit; and with some supervision, contributes to the processes on moderately complex to complex real estate loans, which may include syndications. 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. May contribute to the 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 two or more years 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. Bachelor's degree or some accounting experience preferred.

Required:

  • The candidate is responsible for reviewing draws packages, completing loan modifications/extension, forbearance agreements, and resolving construction and title issues.

  • Will work directly with Line of Business Partners and outside counsel, in resolving issues, Defaults, Foreclosure, Litigation, Bankruptcy, and Judgments.

  • Must have clear understanding of documentation, have experience in through one or more down credit cycles, previous commercial real estate experience, excellent written and verbal communication skills. 

​Knowledge of Loan IQ and Construction Loan Servicing is a plus.​

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-22075490

Band: H6

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Ryan Evans

Referral Bonus:

500