Construction Loan Administrator

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Small Business Lending LLC is looking for a Construction Loan Administrator.

The Construction Loan Administrator provides Construction Administration oversight to multi-disbursement loans involving any level of construction, renovation, tenant improvement, rehabilitation or similar.

Essential Functions & Responsibilities

• Project and Budget review, pre-closing, assist closers in the closing process and managing the construction administration process until completion.
• Coordinate the processing of loan advances and interest reserve payments.
• Construction monitoring and administration of SBA7(a), SBA 504 and conventional loans.
• Coordinate all site inspections for loan draws relating to the construction loans.
• Budget and draw tracking using Excel workbooks based on the requirements of the loan approval, loan documents, and construction contract (if applicable).
• Careful review of draw request to identify possible budget problems, elevate to supervisors if there are any out of balance issues.
• Review inspection reports and draw documents for accuracy, and for conformity with the budget, loan approval, and Loan Agreement.
• Obtain approval for all draws through the appropriate channels.
• Update ledgers, budgets, and the funding log.
• Become familiar with construction documents.
• Identify and elevate issues contrary to documentation and questions regarding all aforementioned tasks.
• Assist in structuring of loans and closing process.
• Communication with Borrowers, Contractors and internal personnel.
  
  

Knowledge, Skills & Abilities

• Prefer 5 years of prior work experience, banking, construction, real estate, legal, accounting preferred.
• Proficient in Microsoft Office Products (Excel, Word and Outlook).
• Excellent verbal and written communication skills.
• Excellent attention to detail and organizational skills, ability to multi-task and manage time effectively.
• Provide excellent customer service to both internal and external customers.
• Adhere to schedules.
• Exercise sound judgement, and excellent independent decision-making skills
  
  

Education & Certification Requirements

You must be 18 years or older

You must have a high school diploma or equivalent

You must be willing to submit to a background investigation as part of the selection process.

Salary Range: $45,000 to $60,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.