Western Alliance Bank

Real Estate Construction Disbursement Specialist

Req No.
2017-3899
Torrey Pines Bank
Category
Commercial Real Estate Lending
Type
Regular Full Time
San Diego

Overview

The position of Real Estate Construction Disbursement Specialist is responsible for the disbursement process on assigned construction loans in primarily the Central, Northwest, Southwest, and southern California regions.

 

The Real Estate Construction Disbursement Specialist is also responsible for reviewing construction loan documentation and financial information within authority level, monitoring construction projects, preparing reports to management, ordering and reviewing third party project inspections.  Also, oversees disbursements and documentation for participated loans.

 

Responsibilities

  • Reviews disbursement requests
  • Monitors construction projects through outsourced external site inspections.
  • Assists in preparing monthly project status reports to management.
  • Orders and reviews inspections from third parties.
  • Prepares general ledger tickets for draws and advances against construction loans.
  • Prepares wire transfers for draw and disbursement requests.
  • Coordinates with the borrower, contractor, bank personnel and third party vendors on all documentation necessary to set-up new accounts.
  • Maintaining construction loan budget templates for multiple projects and assist portfolio managers updating loan disbursement project files.
  • Initial receipt and review of disbursement requests from 3rd party fund control, payment and invoice documentation, validating conditional/unconditional lien releases, and notices of completion.

Qualifications

  • Bachelor's degree - desirable.  Associates degree acceptable; with three (3) or more years of related experience, or equivalent combination of education and experience.
  • Working related experience should consist of real estate documentation, loan closing procedures, general construction lending practices, title and insurance experience. 
  • Must have working knowledge in real estate lending activities and terminology.
  • Must have general understanding of commercial construction, real estate development and construction loan disbursement processing.
  • Knowledge of related state and federal lending and compliance regulations, and other Bank lending policies.
  • Intermediate skills in personal computer operation; working knowledge of disbursement control software, and experience using Microsoft Word and Excel, etc

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