Job Description

CONSTRUCTION LOAN FUNDING COORDINATOR

JOB DESCRIPTION:

A well-known, growing and dynamic commercial/residential real estate bank in north county San Diego is looking to fill a Construction Loan Disbursement Coordinator role. The Commercial Real Estate Lending Department currently has over $1B in real estate development loans throughout California with an additional $250M in the 2021 pipeline. The Construction Disbursement Specialist will report directly to the VP-Construction Risk Manager and will be part of the loan disbursement team with the processing of funding requests, documentation and other department operational tasks. The ideal candidate will have a relative level of experience for the position in real estate banking and disbursement processing, and/or commercial construction/residential development experience related to project funding and disbursements. This position is also responsible for administrative documentation processing and maintenance of real estate lending database systems, and will support bank officers/managers and interact with multiple departments. The applicant should also possess the following skills and abilities:

PRIMARY RESPONSIBILITIES:

• Work with the Commercial Real Estate-Fund Control Department to organize, file and track all relevant information related to loan disbursement requests and funding administration.
• Maintain construction loan flow and tracking spreadsheets for the real estate funding and disbursement department, creating reports, managing required tasks and management support.
• Review and maintain loan budget tracking templates for each project and loan disbursement files.
• Initial receipt and review of disbursement requests from borrowers and 3rd party fund control, payment and invoice documentation, conditional/unconditional lien releases, and notices of completion.
• Documentation support for Construction Risk Management on required due diligence real estate development information and contract documentation.
• Interface with 3rd party fund control and site inspection firms on project budgets and project status reports.

DESIRED QUALIFICATIONS:

• A general understanding of the banking industry’s real estate construction loan disbursement process.
• Construction / land development experience working for a General Contractor or commercial/residential developer in project management and/or construction accounting capacity.
• Ability to understand construction budget templates, contracts, payment schedules, plans and general working knowledge of production building industry trades.
• A basic understanding of commercial and residential building, underground installations, project planning, building configurations, types and designs.
• Skilled in the use of Excel, Outlook and Word. Typing skills to meet production needs of the position.
• Familiar with loan disbursement software such as CLCS or CodeFi-Presidium 360 is very desirable.
• Must have excellent communication skills, the ability to multi-task in a busy environment and manage a portfolio of projects and related operational tasks.
• Effective organizational and time management skills.
• Bachelor's Degree – very desirable. Associates degree acceptable.

The position offers a great working environment, salary plus bonus, excellent benefits and 401K match.

If interested, please submit your resume to gklima@torreypinesbank.com

All qualified candidates will be contacted directly.

Company Description

Torrey Pines Bank is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Founded in 2003, Torrey Pines Bank offers a full spectrum of deposit, lending, treasury management, international banking and online banking products and services, plus superior service to meet the needs of local businesses. With nine offices throughout San Diego and Los Angeles, along with Western Alliance Bank’s robust national platform of specialized financial services, the award-winning banking division is a valued partner for Southern California’s business, real estate, professional, municipal and nonprofit communities. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #2 on the Forbes 2017 “Best Banks in America” list. For more information, visit torreypinesbank.com.