Banner Bank is hiring a
Senior CRE Draw Administrator

Summary

Join Banner Bank as a Senior CRE Draw Administrator, responsible for handling all aspects of the construction draw analysis and budget monitoring on a portfolio of complex construction loans. Requires a Bachelor's Degree and 6+ years of experience in commercial real estate banking.

Requirements

• Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required
• 6 or more years of experience in commercial real estate banking required

Responsibilities

• Handle all aspects of the draw process of an assigned complex portfolio of CRE income property and/or homebuilder loans
• Review contracts, front end cost review, budgets, invoices, loan documentation draw terms
• Coordinate directly with outside third parties for timely receipt of due diligence items
• Complete all aspects of draw analysis and budget monitoring and funding throughout the life of the construction loan
• Analyze routine to complex loan documents, including various CRE income property and/or home builder construction/disbursement terms
• Review appraisal and preconstruction evaluation on new construction and development loans
• Coordinate directly with inspector, title company and Borrower for monthly draw processing
• Partner with third party inspectors to identify, evaluate and elevate any issues regarding construction budget and construction schedule
• Administers loan disbursements in accordance to loan administration policy and guidelines
• Oversees and manages draw files to assure accurate reports, statements, and accounting information

Preferred Qualifications

• Extensive experience in funding and draw processing of complex CRE income property and/or home builder products
• Understanding of AIA documentation and budget balancing requirements

Benefits

• Targeted starting compensation range is based on location and experience: $86,919- $102,258
• Incentive and commission compensation may be awarded for eligible roles
• Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
• Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
• 401k (up to 4% match with immediate vesting)
• Tuition reimbursement up to $5,250 annually (minimum service requirement)