BMO Financial Group Construction Loan Administrator in Brookfield, Wisconsin
Provide input into the discussion of terms and structure of new construction deals for the Commercial Real Estate (CRE) Group. Responsible for review of the loan approval and documentation, system set up, file maintenance, data input, and the draw process.
Work specifically on complex loans for commercial real estate/construction.
Administer and monitor loans on an ongoing, day-to-day and transactional basis working in close partnership with the Relationship Manager and other CRE and operational personnel.
Act as a liaison with customers, inspectors and title company representatives during all phases of construction financing.
Responsible for setting up and monitoring loan and any ticklers to ensure accuracy and timeliness.
Administer loans in accordance with credit policy requirements for risk management/mitigation, ensuring compliance with approved terms and conditions.
Provide monthly construction draw analysis, budgetary and system reconciliation and disbursement recommendation.
Ensure all necessary documents have been received.
Take action on items that may affect the disbursement process such as change orders, sufficiency of funds, liens, etc.
Ensure funding occurs within designated timeframes. Board the loans into the construction administration system and work hand in hand with the operations group.
Monitor any post-closing conditions/tasks defined in the loan agreements.
Provide a superior level of customer service to customer and line of business while concurrently managing construction risk.
Bachelor’s degree in a relevant discipline (Finance, Accounting, Business, etc.)
3-5 years of relevant commercial real estate construction loan administration experience
Excellent analytical and problem solving skills
Excellent organizational and time management skills.
Proven ability to administer a portfolio of complex commercial construction loans, and competing priorities.
Strong written and verbal communication and collaboration skills
Proficiency with personal computers and related software such as Word, Excel and other Windows programs.
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At BMO Harris Bank we have a shared purpose; we put the customer at the center of everything we do – helping people is in our DNA. For 200 years we have thought about the future—the future of our customers, our communities and our people. We help our customers and our communities by working together, innovating and pushing boundaries to bring them our very best every day. Together we’re changing the way people think about a bank.
As a member of the BMO Harris Bank team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
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