Job Information
Webster Bank Associate, Construction Loan Servicing in Jericho, New York
Job Description
If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
The Construction Loan Associate manages the disbursement of real estate construction loans and works with UW/PM's & MD's to ensure that all pre/post-closing construction requirements have been met. This position maintains accurate and up-to-date documentation of Construction projects.
JOB RESPONSIBILITIES:
- Assist with the closing of construction transactions and facilitates disbursements through life of loan.
- Work with Relationship Manager during the construction process to coordinate hands-on management of the loan, including managing site inspections, drawing requests for analysis/processing, and budget analysis/oversight.
- Partner with Construction Loan Administrator 2 to review third party reports and other documentation to facilitate advances and releases; work with Relationship Managers to remedy deficiencies or issues discovered during the analysis of submitted documentation, ensuring completeness and accuracy of all documents.
- Participate in non-routine activities including mergers, technology systems enhancements, as well as improvements to existing software programs used by the organization.
- Assist vendors, engineers/inspectors, attorneys, Relationship Managers, and Borrowers to acquire the necessary documentation to resolve project issues that may arise.
- Ensure compliance with all regulations, policies, and procedures.
- 1 year of experience in Asset Management or Commercial Construction experience is required.
- Candidates with advanced degrees (Associates, Bachelor's, and/or Master's) preferred, yet a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.
- Strong verbal and written communication skills.
- Strong interpersonal skills and team orientation.
- Excellent problem solving and multi-tasking skills.
- Excellent decision-making skills.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Minimum Salary: 24.23 Maximum Salary: 28.03 Salary Unit: Hourly