Senior Associate – Construction Loan Administrator
| Company | Barings |
|---|---|
| Location | Boston, MA, USA, Chicago, IL, USA, Charlotte, NC, USA |
| Salary | $Not Provided – $Not Provided |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Senior |
Requirements
- Minimum of two years of industry experience
- Undergraduate degree in accounting, construction management or similar fields, or bank loan administration experience is a strong plus
- Must be familiar with industry standard financial models for tracking individual asset transactions
- Creative, solutions-focused mindset with strong interpersonal, organizational, and collaboration skills
- Demonstrated attention to detail
- Excellent oral and written communication skills; interact with members of senior management, executives and line staff in a positive and collegial manner
- Ability to operate autonomously with transparency and integrity
- Ability to prioritize and multi-task
- Meet tight timelines and make key recommendations and decisions
Responsibilities
- Review loan, underwriting, and construction documents prior to loan closing for consistency with established construction lending best practices.
- Review sponsor contributed equity, including relevant back-up, as well as title policy, prior to loan closing.
- Work with the borrower to establish a satisfactory protocol for monthly draw process reporting and submission of required back-up information.
- Monitor, evaluate, and report on monthly draw requests from construction loan borrowers, ultimately producing a recommendation to fund report for internal and external clients. This work will include borrower and architect certifications, invoice back-up, lien waivers, and title updates.
- Ensure compliance with limitations on stored materials and deposits. Confirm requisite back-up for stored material funding requests.
- Work with the Barings construction loan team as well as the borrower and internal and external inspecting engineers to confirm compliance with loan documents.
- Track internal interest and principal capitalizations, across multiple notes and multiple lenders, and ensure that all relevant parties are being paid through the draw process.
- Work with legal, insurance, and asset management on periodic loan modification requests.
Preferred Qualifications
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No preferred qualifications provided.