Senior Construction Specialist Senior Construction Specialist …

Cathay Bank
à South San Gabriel, CA, États-Unis
CDI, Plein-temps
Soyez parmi les premiers à postuler
Cathay Bank
à South San Gabriel, CA, États-Unis
CDI, Plein-temps
Soyez parmi les premiers à postuler
Senior Construction Specialist
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Sr. Construction Disbursement Specialist Rosemead, CA, USA Req #850 Tuesday, August 18, 2020

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? Would you like to work for a company that is ranked Top 20 on Forbes Best Banks in America 2020 list? If yes, come join our team! At Cathay Bank we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for nearly 60 years and persevered through many economic cycles due to our team members drive and optimism. Together we can make a difference in the financial future of our communities.

We offer a competitive benefits package and comprehensive training programs so you can focus on your long-term professional career and your next steps at Cathay Bank. Apply today!

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Under supervision of the Construction Loan Administrator Supervisor & Officer this position is responsible for construction loans from initial set up to full repayment; enters budget and new loan data entry into CLCS; reviews and monitors construction loan data entry for completeness and accuracy. Exercises good judgment within defined procedures and practices to determine appropriate action.


The incumbent has no direct reports.

  1. Reviews the approval terms of the Credit Committee Report (CCR) and essential documentation ensuring the accuracy of the budget.
  2. Enters new construction loans in the CLCS system. Sets up loan budget; reviews data input for accuracy and ensures the new loan set up line item budgets are in accordance with approval.
  3. Sets up construction loan disbursement files.
  4. Ensures the timely process of all construction loan disbursements which requires reviewing, analyzing and disbursing construction loan draws per guidelines and obtaining approval from the relationship manager in accordance with approval guidelines. Obtains title insurance date down/change orders for each draw request when required. Enters draw request on CLCS.
  5. Orders third party inspection reports, balances borrowers construction loan budget against bank records and meets borrowers time frame to ensure the highest level of customer service.
  6. Ensures receipt and approval of inspection and title date down reports for all voucher disbursement requests. Schedules all disbursement transactions and inputs requests into the CLCS system. Prepares and presents disbursement documentation from the system; monitors and balances disbursement report.
  7. Monitors interest reserve adequacy on all accounts; assures accurate billing if and when interest reserves are exhausted.
  8. Monitor use of borrowers soft cost funds and disbursing funds on borrowers behalf.
  9. Calculates the disbursement draw funding to the specific line item in the budget. Identifies insufficient funds in the budget line item as well as the overall budget and obtain approval for budget change request.
  10. Obtains Sales Agreements; Prepares demands for unit sales and enters pay-downs of units sold on the CLCS system and releases lien on sold units.
  11. Issues accurate pay off demands and ensures all fees, principal and interest are properly calculated and collected.
  12. Maintains current property and general liability insurance for all files.
  13. Ensures that all disbursement documentation is scanned and saved in the imaging system.
  14. Interfaces with relationship managers, title companies, appraisal department, construction services, accounting and etc. to manage the servicing of loan portfolio.
  15. Provides excellent customer service to clients. Responds to general inquiries on loan status.
  16. Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities. Follows all Bank policies and procedures, compliance regulations, and completes all required annual job-specific training. May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
  • Education: High School diploma or equivalent. Bachelors Degree preferred.
  • Experience: 5 or more years of experience in commercial real estate construction loan administration; Demonstrated ability to administer a portfolio of complex commercial real estate construction loans including participation loans; Strong technical expertise in construction loan administration functions; Considerable knowledge of commercial real estate construction financing including multi-phased construction and multiple collateral properties; Experience in commercial lending terminology, commercial loan practices and requirements, loan servicing, loan documentation and legal and documentation compliance; Considerable knowledge of construction finance, accounting and data systems.

  • Skills/Ability: Ability to work in a fast pace environment while maintaining a high level of accuracy; Ability to work on multiple projects with the flexibility for changing priorities; Excellent analytical, problem-solving and organizational skills; Excellent communication skills; Strong work habits, attention to detail and teamwork. Strong computer skills including Microsoft Office (MS Word, Excel, Outlook), construction budget and disbursement programs or other compatible programs. Use of CLCS construction system a plus; Bilingual (English, Mandarin or Cantonese) is a plus.

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our .

Cathay Bank is an equal opportunity employer. It is the Banks policy to provide equal employment opportunities to all qualified applicants. 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.

Cathay Bank endeavors to make accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Lori Burquez, VP, Sr. Employee Relations Manager, at (626) 279-3666 or . This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.

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  • Rosemead, CA, USA
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