Objective of Position:

The Sr. Construction Loan Administrator is responsible for the coordination, maintenance and oversight of loan processing and documentation operations activities and administration. This role will addresses operational issues to ensure they are resolved in an efficient and cost-effective manner.

Duties and Responsibilities:

• Responsible for the analyzing and preparation of construction draws / disbursement requests and forms required for construction loans.
• Upon appropriate approval, responsible for funding the construction draws / disbursement requests and for handling the general inquiries and questions from customers, loan officers, and title companies concerning the construction draws / disbursements including funding availability, obtaining endorsements and approvals.
• Analyzes and reconciles construction budgets to evaluate budget variances and estimated cost to complete. Verifies compliance with loan covenants. Communicates the results of the analysis to the Credit Administration Manager and/or Loan Officer.
• Analyze and review Sworn Owner and Contractor Statements, Invoices, and Lien Waivers.
• Bid and engage inspecting architects for plan and cost review and monthly inspections. Review and approve inspecting architect reports and plan and cost reviews.
• Review and accept property and builder's risk insurance from the property owner, and general liability insurance and workman's compensation insurance (if necessary) from the general contractor for construction loans.
• Serve as liaison between the title companies, inspecting architects, loan officers, borrowers, attorneys, and general contractors.
• Support other collateral monitoring functions on a backup basis.
• All other duties as assigned.

Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Qualification:

• Bachelor's degree in Business Administration, Finance, or related degree.
• 4+ years construction loan administration experience within a financial institution.
• Working knowledge of construction loan concepts.
• Qualitative analytical skills.
• Knowledge of MS Suite of Products (Word, Excel, and Outlook).
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Be self-motivated with a strong attention to detail.
• Have strong change management, organizational and planning capabilities.
• Strong written and verbal communication skills.

Physical Demands/Work Environment:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $80,000 to $89,000 + incentive.

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.