At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we're one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.Job Description
U.S. Bank, NA, Commercial Real Estate Group (CRE) is looking to hire a Construction Loan Administrator 3 to join our team of enthusiastic and driven professionals. You will be working in a fast pace, exciting and flexible work environment with a construction real estate team who's highly respected in the industry and is sincerely committed to delivering a best in class experience. If this team energizes you and you want to work for a sound company with a remarkable reputation that puts people first, this job is for you!
You will manage a diversified portfolio of construction loans including more complex syndicated transactions, revolving facilities and New Market Tax Credits. You will be responsible for reviewing and/or negotiating Commercial Real Estate (CRE) construction loan documents, protecting the bank's interest, and analyzing and administering construction draw disbursements. From the time the loan is approved until project completion, you will oversee the loans by reviewing the monthly construction draw packages. This includes verifying borrower equity contributions, analyzing budgets and sources/uses of funds, identifying exceptions/changes in conformity to standard monitoring requirements, as approved by Credit, in accordance with Loan Documents and/or approved deviations.
Loan product types include, but are not limited to, developer/investor commercial construction projects such as retail, office, mixed use, industrial; and residential construction projects including apartments, condos, homebuilder, and affordable housing. You'll be working in partnership with Relationship Managers and CRE Loan Administration as the primary liaison with customers, attorneys, construction consultants and title company representatives.
Must meet the requirements to be commissioned as a Notary Public.
- High school diploma or equivalent
- Five to seven years of experience in commercial real estate construction loan administration
- Considerable knowledge of commercial real estate construction financing including letters of credit, borrowing base facilities, multi-phased construction and multiple collateral properties
- Strong technical expertise in construction loan administration functions
- Demonstrated ability to administer a portfolio of complex commercial real estate construction loans
- Advanced knowledge of construction finance, law, documentation, accounting and data systems
- Bachelor's degree preferred
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.
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Applicants can learn more about the company's status as an equal opportunity employer by viewing the federal EEO is the Law poster.
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