• Job Description

  Req#: 32697788943

  Avidbank is a $2.1 billion commercial bank based in Silicon Valley serving the San Francisco Bay area and beyond. We are a highly responsive business bank, providing tailored financial solutions. We are advocates for our clients and specialize in providing innovative banking products and supportive services that exceed our clients' expectations.Founded in 2003, we specialize in commercial & industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending. We are headquartered in San Jose with loan production offices in Redwood City and San Francisco.Title of position: Construction Disbursement SpecialistPosition type: Full-timePay range: $75,000.00 to $120,000.00Division: Construction Real EstateWork Location Type: Office HybridLocation: San Jose/Redwood CityJob Responsibilities This Disbursement Specialist role is to assist our Construction Loan Officers / Managers in gathering and analyzing Draw information on current and past draws.Essential Functions and Basic Duties: Assist with managing construction loans: analyze draw request to ensure compliance with policies & procedures.Assist with the setup of client spreadsheet/disbursement files and if needed contact customers to arrange for orientation meeting with regards to the disbursement process.Set up folders and save all disbursements documents to include: Draw Request, Endorsements, Inspection Reports and Spreadsheet in the Shared Drive.Provide superior customer service in order to ensure client satisfaction.Process both routine and complex monetary and non-monetary transactions.Coordinate with title companies to research and verify titles and endorsements.Coordinate with insurance companies for required policies including: Course of Construction, General Liability and Worker's Comp. Insurance.Provide assistance to relationship managers regarding overdraft accounts and other tasks assigned.Participates in the on-going computerization of the loan review function and file setup for Audits/Exams.Performs other duties as required.Qualifications and Desired Skills Associate or Bachelor's Degree in finance, accounting, business, or related field.Basic knowledge of commercial, construction, real estate and consumer loan processing.Understanding of financial statements, tax returns and basic financial analysis.Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise responsibility.Strong analytic and computer skills, interpersonal skills and organizational skills.Ability to effectively present information, verbally, and in writing.Experience Required Minimum of two years' experience in a financial institution in an accounting/financial, lending, or related area. Real estate lending experience preferred.Benefits Avidbank offers full time employees' competitive compensation, medical, dental, vision, life insurance, long term disability insurance, 401k with matching, paid holidays and a competitive paid time off policy.The wage range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the position may be filled. It is not typical for an individual to be hired at or near the top of the range for their role and compensation decisions are dependent on the facts and circumstances of each case.Avidbank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.We are an AA/EEO/Veterans/Disabled employer.#J-18808-Ljbffr

• About the company

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