Valley Bank Job - 43053170 | CareerArc
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Company: Valley Bank
Location: Wayne, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services


The Construction Loan Administrator will coordinate all aspects of scheduling inspections, maintaining files, processing, and preparing disbursements, releases and payoff letters.   Responsibilities include, but are not limited to:

  • Coordinate Third Party Vendor services for inspections.
  • Review inspection reports.
  • Process Third Party Vendor invoices for payment.
  • Reconcile CRE Accounts Payable General Ledger Account.
  • Order title updates and or date downs.
  • Fund draw requests.
  • Prepare payoff letters and execute releases.
  • Prepare wire transfers for the disbursement of funds.
  • Log and process all construction advances.
  • Track insurance to include Builder's Risk, Contractor's Liability and Worker's Comp.
  • Provide superior customer service by resolving issues and providing accurate and timely information.

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