Commercial Real Estate Construction Loan Administrator- SBA
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Responsible for reviewing and/or negotiating Commercial Real Estate (CRE) construction loan documents, protecting the bank's interest, and analyzing and administering the construction draw disbursements from the time the loan is approved until project completion is attained. Construction loan product types to include developer/investor commercial construction projects such as retail, office, mixed use, industrial; and residential construction including apartments, condos, homebuilder, and affordable housing. Works in partnership with Relationship Managers and CRE Loan Administrators as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of construction loan financing. Must meet the requirements to be commissioned as a Notary Public.
This role is hybrid anywhere within the U.S. Bank footprint. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days.
High school diploma or equivalent
Two to three years of experience in commercial real estate loan administration, OR
Minimum five years of transferable experience in commercial loan administration
Thorough knowledge of commercial real estate construction financing including letters of credit, borrowing base facilities, multi-phased construction and multiple collateral properties
Strong SBA lending experience
Strong technical expertise in construction loan administration functions
Demonstrated ability to administer a portfolio of complex commercial real estate construction loans
Basic knowledge of construction finance, law, documentation, accounting and data systems
Bachelor's degree preferred
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.
Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $64,855.00 - $76,300.00 - $83,930.00