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U.S. Bank Construction Disbursement Loan Administrator - Commercial Real Estate in Topeka, Kansas

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.

Job Description

U.S. Bank, NA, Commercial Real Estate Group (CRE) is looking to hire a Construction Disbursement Loan Administrator 3 to join our team of enthusiastic and driven professionals. You will be working in a fast pace, exciting and flexible work environment with a construction real estate team who’s highly respected in the industry and is sincerely committed to delivering a best-in-class experience. If this team energizes you and you want to work for a sound company with a remarkable reputation that puts people first, this job is for you!

You will manage a diversified portfolio of construction loans including complex syndicated transactions, developer/investor commercial construction projects including retail, office, mixed use and industrial, and residential construction projects including apartments, condos, homebuilder, and affordable housing.

You will be responsible for administering and overseeing the monthly construction draws disbursements. This includes, but is not limited to, reviewing General Contractor payment applications, lien waivers and soft cost invoices. You will also be analyzing and updating budgets to ensure the loans remain in balance and the sources/uses of funds are properly disbursed and tracked. Additionally, your review will include verifying borrower equity contributions, identifying exceptions and changes in conformity to standard monitoring requirements, as approved by Credit, and funding in accordance with Loan Documents and/or approved deviations.

You will be working in partnership with Relationship Managers and CRE Loan Administration from the time the loan is approved until project completion. You will assist in reviewing and/or negotiating Commercial Real Estate (CRE) construction loan documents, to protect the bank’s interest. Lastly you will be the primary liaison with customers, construction consultants and title company representatives.

Must meet the requirements to be commissioned as a Notary Public.

Basic Qualifications

  • High school diploma or equivalent

  • Five to seven years of experience in commercial real estate construction loan administration

Preferred Skills/Experience

  • Considerable knowledge of commercial real estate construction financing including letters of credit, borrowing base facilities, multi-phased construction and multiple collateral properties

  • Strong technical expertise in construction loan administration functions

  • Knowledge of construction pay applications (AIA’s), lien waivers, change orders and contracts.

  • Demonstrated ability to administer a portfolio of complex commercial real estate construction loans

  • Advanced knowledge of construction finance, law, documentation, accounting and data systems

  • Committed to working on a team that provides excellent customer service

  • Proficient with Microsoft Excel, Word and other Microsoft products

  • Has a thorough understanding of documentation sharing sites (DebtX, Box, IntraLink, SyndTrak, etc.)

  • 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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com .

EEO is the Law

Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.

E-Verify

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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $73,865.00 - $86,900.00 - $95,590.00

Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

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.

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