• Job Description

  Req#: CONST003071

  If you are searching for an employer that provides you with unlimited career growth and development opportunities, look no further! Voted as one of the best places to work in the state of Indiana for 2024, STAR Financial Bank strives to be the employer of choice and truly defines OneTeam.

  STAR Financial Bank is an Indiana-based community bank known for its culture of delivering quality service, personalized banking solutions, and innovative use of technology for more than 80 years. We are proud to be a community bank in every aspect of the word. Beyond monetary giving and employee volunteerism, STAR is dedicated to partnering with the people and organizations that improve our communities. At every one of our locations, employees demonstrate their commitment to STAR and our customers by honoring our core values of Honesty & Integrity, Accountability, Respect for All, Do What’s Right, Commitment to Lifelong Learning, Community Leadership, Being Progressive, Celebrating Success and Remaining Independent.

  STAR Financial Bank proudly celebrates diversity and remains conscious of the realization that diversity is not solely represented by physical characteristics. STAR is an equal opportunity employer (EEO) with a commitment to inclusivity for all employees and applicants without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, pregnancy, age, disability, genetic information, marital status, or status as a covered veteran in accordance with applicable federal, state, and local laws. STAR complies with applicable STAR and local laws governing non-discrimination in employment in every location in which we have facilities.

  The Construction Loan A dministration Manager position is included in a workplace model that allows for a combination of in-office and remote work.

  As a Construction Loan Administration Manager, essential responsibilities include:

  • Manage the administration of construction loan closings and processing of draw requests for investment and owner-occupied real estate.
  • Closing Construction Loans.
  • Partner with Banker and Loan Documentation Specialist to confirm that the construction loan agreement and all other related documents match approval and loan policy and procedures, and that all items on the Closing Checklist are received, reviewed and approved prior to the loan closing.
  • Responsible for working with Customer and Banker on the collection of all construction loan due diligence items required prior to the loan closing and the review and approval of those items.
  • Partner with the Customer and the Banker to ensure construction budget is completed correctly, and General Contractor contract has been received, reviewed and executed.
  • Engage and work with third party inspectors, obtain and review preconstruction plan and cost review when applicable, and obtain and review ongoing monthly project inspections for all construction loans.
  • Managing Construction Loan Draws:
    • Responsible for managing and assisting with construction draw monitoring, including construction budget monitoring, change orders, invoices, lien waivers, title endorsements, site inspections, tenant improvements and builders’ risk insurance.
    • Responsible for reviewing completed Draw Checklist and confirming the Bank’s system and Borrower’s documentation align.
    • When STAR Bank is the lead bank on loans with one or more participants, responsible for sending construction draw requests and supporting documentation to participating banks and initiating funding pursuant to approved draws.
    • When STAR Bank is a participant in a construction loan lead by another financial institution, responsible for reviewing draw requests from the Lead bank, processing requests and initiating funding pursuant to approved draws.
    • Responsible for maintaining draw files.
    • Responsible for maintaining and building a positive relationship with customers, prospects and third party vendors by having periodic calls and site visits.

  Skills Needed

  • Proven leadership skills in team environment.
  • Ability to interact with external and internal personnel using tact and diplomacy.
  • Ability to work under critical time constraints.
  • Excellent analytical ability.
  • Thorough understanding of Construction Lending including loan closings, documentation, lien waivers, and third party services—title work, surveys, environmental, and construction budgets.
  • Working knowledge of lending policies and compliance requirements.
  • Thorough understanding of loan processing and tracking systems.
  • Excellent written and oral communication skills with the ability to produce policy and procedure documentation.
  • Strong attention to detail and quality of work produced.
  • Proven organizational skills with the ability to multi-task.
  • Intermediate skills in Microsoft Office Suite products.

  In addition to traditional compensation and benefits packages, our leaders continue to collaborate to launch innovative employee benefits and perks including, Affordable Medical/ Vision/ Dental Coverage • Flexible Dependent Care Account • Health Savings Account (with employer contributions) • Prescription Drug Plan • Employee Wellness Initiatives (physical/mental/financial) • Health Management Reimbursement • Program • Short Term/Long Term Disability • Life Insurance • Tuition Reimbursement • Competitive Pay and Bonus Program • 401k (with employer match) • Generous Paid Time off including 10 1/2 holidays.

  ** Eligibility of benefits are determined by employment status classification and may be discussed during the interview process.

  Qualifications

  Education

  Preferred

  Bachelors

  Experience

  Required 5 years

  Minimum of 5 years as CRE Loan Administrator.

• About the company

  STAR Financial is an Indiana community bank providing banking, mortgage, investing, credit card, and wealth management services.

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