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Specialist – Construction Loan Administration, SBA

AdministrationAdministrationFull TimeRemoteSeniorTeam 1,001-5,000Since 1965H1B No SponsorCompany SiteLinkedIn

Location

Pennsylvania

Posted

2 days ago

Salary

$34 - $58 / hour

Seniority

Senior

Associate Degree5 yrs expEnglish

Job Description

Specialist – Construction Loan Administration, SBA

EEOC

• Review construction loan documents, budgets, contracts, plans/specs, and timelines to confirm alignment with credit approval, SBA Terms and Conditions, and closing terms. • Conduct plan and project review and GC qualification review. • Establish and maintain construction draw schedules, including reviewing, preparing, tracking reconciling and funding all SBA loans that have a multiple-disbursement component. • Review flood determinations, building permits and other documentation. • Coordinate and review third party inspections, appraisals, lien waivers, and title updates. • Monitor construction progress to ensure work is completed in accordance with approved plans and specifications. • Collect all necessary documentation related to each disbursement including pay applications, lien waivers, invoices, proof of payment and other documentation required by SBA SOP or Fulton Bank. • Identify construction risks, variances, cost overruns, or delays and escalate concerns to SBA Credit, Relationship Management, and Risk as appropriate. • Process and fund multiple disbursements in compliance with SBA SOP, loan conditions, and bank policy. • Review and validate draw requests, including contractor invoices, borrower certifications, lien waivers, inspection reports, searches as required by the state or prior to loan disbursement. • Ensure proper application of borrower equity prior to loan disbursement. • Reconcile disbursement activity against approved budgets and loan systems. • Ensure all disbursement activity complies with current SBA SOP requirements and servicing guidance. • Maintain complete, accurate, and audit ready construction and disbursement files. • Support SBA loan servicing, reviews, internal audits, and external examinations. • Collaborate with SBA servicing teams to facilitate smooth post construction loan transitions. • Serve as a point of contact for borrowers, contractors, inspectors, title companies, Relationship Managers, and internal operations teams. • Provide clear communication regarding draw requirements, funding status, and outstanding conditions. • Partner with SBA Sales, Credit, Closing, and Servicing teams to provide guidance, solutions, and resolve issues efficiently.

Job Requirements

  • Associate Degree or the equivalent experience
  • Bachelor's Degree or the equivalent experience (Preferred)
  • 5 or more years SBA lending, construction loan administration, or commercial loan operations (Required)
  • 2 or more years experience with construction draw management and multiple disbursement loan structures (Preferred)
  • Strong understanding of SBA SOP (including construction eligibility, disbursement rules, and equity injection requirements) (Required)
  • Strong working knowledge of SBA 7(a) and/or 504 construction lending requirements (Required)
  • Proven ability with construction budgets, cost breakdowns, retainage, and lien requirements (Required)
  • Proficiency in loan origination and servicing systems, Excel, and document management platforms (Required)
  • Strong attention to detail and risk awareness (Required)
  • Ability to manage multiple projects and deadlines simultaneously (Required)
  • Analytical and problem solving mindset (Required)
  • Effective written and verbal communication (Required)
  • Customer centric but risk focused approach (Required)
  • Strong organizational and documentation discipline (Required)

Benefits

  • medical plans with prescription drug coverage
  • flexible spending account or health savings account depending on the medical plan chosen
  • dental and vision insurance
  • life insurance
  • 401(k) program with employer match
  • Employee Stock Purchase Plan
  • paid time off programs including holiday pay and paid volunteer time
  • disability insurance coverage
  • maternity and parental leave
  • adoption assistance
  • educational assistance
  • robust wellness program with financial incentives

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