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Senior CRE Draw Administrator
Senior CRE Draw Administrator-August 2024
Seattle
Aug 11, 2025
About Senior CRE Draw Administrator

  More than 130 years ago, we started with core values that never go out of style: listen, learn and help businesses and individuals reach their goals. Our financial strength and stability are key reasons Forbes names us one of the Best 100 Banks in America the past five years.With more than $16 billion in assets and over 150 locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.Responsible for handling all aspects of the construction draw analysis and budget monitoring and funding on a portfolio of complex construction loans for CRE income property and/or home builder loans. Manage high quality volume of complex work and timely draw processing to provide excellent customer service while maintaining risk management and compliance with bank policies. Provide expertise to production team on highly complex draw structures and issues that arise.In this role you will have the opportunity to:Responsible for handling all aspects of draw process of an assigned complex portfolio of CRE income property and/or homebuilder loans with accurate and timely review of 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.Analyzes routine to complex loan documents, including various CRE income property and/or home builder construction/disbursement terms, syndication terms for accuracy and to verify compliance with credit approval, closing processes, and risk/compliance procedures.Responsible for reviewing appraisal and preconstruction evaluation on new construction and development loans. Balance through evidence of pre-paid construction costs prior to loan closing.Coordinates directly with inspector, title company and Borrower for monthly draw processing and timely receipt of due diligence items.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, including consistency in accurate and timely draw processing, system processing and maintenance, draw file scanning and uploading.Maintains a balance of credit policy and compliance requirements with draw processing to ensure draws are processed in a consistent manner in accordance with all policies, procedures and timely to meet Borrower requests.Education & CertificationsBachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered)Experience6 or more years of experience in real estate banking requiredKnowledge, Skills and AbilitiesExtensive experience in funding and draw processing of complex CRE income property and/or home builder products . Understanding of AIA documentation and budget balancing requirements.Knowledge of CRE income property and home builder credit processes to analyze complex draw requests, cost overrun issues, insurance coverage, title issues, complex loan document draw terms against credit approval.Experience with excel, budgets, contracts, front end cost reviews, title datedowns, insurance, permits, loan system processing, maintenance and troubleshooting of system transactions, GL accounting and wire balancing.Proven ability to work directly with outside bor

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