SBA Construction Loan Administrator

at  US Bank National Association

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

JOB DESCRIPTION

Responsible for reviewing and/or negotiating Commercial Real Estate (CRE) construction loan documents, protecting the bank’s interest, and analyzing and administering the construction draw disbursements from the time the loan is approved until project completion is attained. Construction loan product types to include developer/investor commercial construction projects such as retail, office, mixed use, industrial; and residential construction including apartments, condos, homebuilder, and affordable housing. Works in partnership with Relationship Managers and CRE Loan Administrators as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of construction loan financing. Must meet the requirements to be commissioned as a Notary Public.

BASIC QUALIFICATIONS

• High school diploma or equivalent
• Typically two to three years of experience in commercial real estate loan administration, OR at least five years of transferable experience in commercial loan administration

PREFERRED SKILLS/EXPERIENCE

• Thorough knowledge of commercial real estate lending including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties
• Experience with SBA 7A and 504 loans.
• Strong technical expertise in construction loan administration functions
• Demonstrated ability to administer a portfolio of complex commercial real estate construction loans

• Intermediate knowledge of construction finance, law, documentation, accounting and data systems

• Proficient in Microsoft Suite - Excel, Teams, etc.

• Experience in Built or other construction draw documentation software

• Ability to meet the requirements to be commissioned as a Notary Public
• Bachelor’s degree preferred

This role is posted as remote; however, candidates who are located near any one of our locations would be required to work on site at least three days per week.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by la