Job Information
North Shore Bank Construction Loan Administrator - (Peabody, MA) in Peabody, Massachusetts
POSITION SUMMARY:
Provides administrative support to the Commercial Lending Division specifically on loans for commercial real estate/construction; This position performs a variety of administrative and clerical activities related to servicing of Construction Loans in conformance with company policies and procedures.
ESSENTIAL FUNCTIONS & RESPONSIBILITIES:
Responsible for review of the loan approval and documentation, file set up; file maintenance, data input, and the draw process.
Administer and monitor loans on an ongoing, day-to-day and transactional basis working in close partnership with the respective Loan Officer and operational personnel (as needed).
Maintains individual loan spreadsheets which include loan budgets, amounts disbursed under the budgets, amounts remaining to be funded, total units under construction, and spec units and/or lots allowed and funded.
Ensures that all relevant documentation is current including insurance policies and title endorsement(s).
Act as a liaison with customers, inspectors and title company representatives during all phases of construction financing.
Responsible for setting up and monitoring loan and any ticklers to ensure accuracy and timeliness.
Administer loans in accordance with credit policy requirements for risk management/mitigation, ensuring compliance with approved terms and conditions.
Ensure all necessary documents have been received. Take action on items that may affect the disbursement process such as change orders, sufficiency of funds, liens, etc.
Monitor any post-closing conditions/tasks defined in the loan agreements.
Prepare partial release quotes and obtain executed partial releases as outlined within the established procedure.
Provide a superior level of customer service to customer and line of business while concurrently managing construction risk.
Compiles data and prepares monthly reports such as Construction Absorption Report for Residential and Commercial projects, for Senior Management.
REQUIREMENTS (Knowledge, Skills, Abilities, and Education and/or Experience):
2-3 years of relevant business purpose real estate construction loan administration experience.
Demonstrated effective customer service skills
Strong organizational and time management skills with ability to manage multiple and conflicting priorities.
Possess strong analytical skills, attentions to detail and ability to multi-task.
Proficiency with personal computers, Microsoft Officer, Internet, and related computer skills
NSB offers competitive benefits packages, which include the following:
Medical, Dental and Vision on day 1 - no waiting period
401k with company match
Paid Time Off - Vacation, Personal, Sick, Holiday
FSA/DC/HSA Accounts
Company Paid Short-Term Disability
Company Paid Long-Term Disability
Paid Family Medical Leave
Company Paid Life & ADD
Voluntary Life
Tuition Assistance
Hospital Indemnity Plan
Employee Referral Bonus
Employee Banking Discounts
Supplemental Insurance Plans with AFLAC
Pet Insurance
Weekly Jeans Day Program
Service Recognition Program
Wellness Benefits including Weight Watchers, Mind & Body, Gym Memberships and much more!
At North Shore Bank, we are committed to creating a place as diverse as the communities we serve. Our core values shape the decisions we make every day and help to define our company culture and it is these values that comprise what we call, “well north of your expectations”. Our core values include leadership, integrity/transparency, respect, adaptability, collaboration, accountability, and empathy.
North Shore Bank is an EOE. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.