Construction Loan Administrator (Construction) - Edison, NJ Save Job ID R55678 Updated date 12/04/2018 Location Edison, New Jersey Thornall (10011), United States of America, Edison, New Jersey At Capital One, were building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit. We are succeeding because they are succeeding. Guided by our shared values, we thrive in an environment where collaboration and openness are valued. We believe that innovation is powered by perspective and that teamwork and respect for each other lead to superior results. We elevate each other and obsess about doing the right thing. Our associates serve with humility and a deep respect for their responsibility in helping our customers achieve their goals and realize their dreams. Together, we are on a quest to change banking for good. Construction Loan Administrator (Construction) - Edison, NJ Commercial Operations (CML Ops) is one of the largest divisions in the Commercial Bank, this teams scope is horizontal across the bank and as such it supports numerous critical processes and transactions. By incubating innovative solutions and embracing technology, this team creates an unforgettable and unparalleled experience for our associates and clients. One of the most impactful groups in the CML Ops team is the Loan Operations team. The Commercial Loan Operations team (CLO) supports a total loan portfolio of $110BN and provides ongoing support for the life of the loan. The organization focuses on delivering scale and efficiency, nailing operational risk, providing a beautiful client experience and enabling talented associates to excel. The team is currently growing and searching for an Associate - Construction Loan Administrator Job Description & Ideal Candidate: The Closing Associate (Construction Loan Administrator) drives the draw process for commercial loan products, which include ground up construction, renovations and tenant improvements. The Associate will be the primary contact for the Borrower and Asset Manager for all aspects of the construction draw process. This individuals responsibilities will include (but are not limited to): Responsibilities: Review complex loan agreements, budgets, draw requests, budget allocations, title endorsements and releases to drive the construction draws during the life of the project. Interact with Asset Manager, Underwriters, Relationship Managers, engineers, borrowers, agent banks and insurance agents, etc. Ensure documentation accurately reflects the draw process as outlined in the Loan Agreement Facilitates teamwork and continuity Solid knowledge required for role and pursues gaining new knowledge when required Positively accepts change and engages productively with team and relevant stakeholders Ensure transactions are closed in compliance with the Banks loan policy and any other requirements designated by the credit approval. Work with Asset Manager/Engineer to coordinate funding of the draws and acquire necessary documentation and resolve any project issues that arise. Ensure draws are funded within the time requirements set forth in the Loan Agreement. Liaise and coordinate requirements with internal and external clients (Asset Manager, Engineer, Syndication Desk, Borrowers, Lenders) Demonstrates ability to balance required lien law and policy requirements when making decisions. Remain current on all pending and proposed lien law changes affecting compliance. Resolve issues that might impede funding and use judgement to involve the manager, asset manager and engineer when required. Basic Qualifications: Bachelors Degree or Military experience Preferred Qualifications: At least two years of loan closing or construction funding experience Experience with ACBS or CLCS At least 1 year of experience reviewing Loan or Legal Documentation Experience with Microsoft Office At least 1 year of experience with Intralinks or SyndTrack At this time, Capital One will not sponsor a new applicant for employment authorization for this position. No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. 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