Construction Loan Administrator

The Construction Loan Administrator is essential in the financial oversight and completion of construction projects, managing funds effectively, and ensuring clear documentation and transparency in financial dealings.

Company: GreenLake Asset Management LLC

Location: South Pasadena, CA, in-office position

Compensation: Base salary, plus annual bonus

Benefits: Health insurance, dental insurance, 401(k), paid time-off, parental leave.

Salary: $65,000-$75,000 plus bonus

Primary responsibilities

Process loan disbursement requests
Oversee and work closely with 3rd party construction disbursement agent
Coordinate all site inspections for loan draws relating to the construction loans
Work with legal and title regarding any encumbrances
Establish draw schedules and budgets tracking loan approvals, loan documents, and construction contracts
Review inspection reports and follow up with inspectors and borrowers regarding any outstanding issues
Review draw documents for accuracy, and for conformance with budgets and loan agreements
Update ledgers, budgets, and the funding log
Understanding of AIA construction documents, and identify and elevate issues contrary to documentation
Contribute as a member of the loan servicing team
Respond to routine inquiries from borrowers
Implement new initiatives and ongoing progress regarding properties owned
Travel to properties for site visits

Skills/ qualifications

Bachelor’s degree and minimum three (3) years of prior related working experience
Proficient in Word and Excel
Strong attention to detail and accuracy
Exercise sound judgement, and excellent independent decision making skills
Excellent communication and organization skills
Provide excellent customer service to both internal and external stake holders
Ability to adhere to set turnaround time on draw requests
Sense of urgency in completing tasks

Key competencies

Critical thinking
Independent decision making & sound judgement
Relationship management
Detail oriented
Ability to observe, perceive, identify, and translate data
Ability to converse, and exchange information with all levels of staff within organization

This job description is not intended to be all-inclusive and the employee will also perform other duties as assigned.

About GreenLake

GreenLake Asset Management LLC (www.greenlakefund.com) is a SEC registered investment manager founded in 2008. GreenLake manages three open-ended, alternative asset funds dedicated to making real estate bridge loans nationally. The portfolio spans virtually all commercial real estate asset classes and the firm manages approximately $900 million.

Please send resume in PDF format to CLA@GreenLakeFund.com Do not call.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin, or any other category protected by law.

GreenLake Asset Management LLC jobs

Construction Loan Administrator