Sr Construction Disbursement Administrator

Location and Compensation San Diego, CA 92101, USA. On-site. Pay or shift range: $70,305 USD to $85,000 USD. Job Overview We are looking for a Construction Disbursement Specialist to work directly and independently with construction contractors, project managers, third‑party inspection firms, fund control companies, title insurers, borrowers, accountants, and lenders to provide accurate and responsive funding on highly complex construction loans through all stages. At Banc of California, this role falls under Credit, Portfolio Management & Sales Support and is Full‑Time. Responsibilities At loan closing and in conjunction with the REIG lender, establish the final Master Funding Ledger to include all funding sources and uses utilizing construction budget(s) and loan closing statements. Verify and allocate project equity for hard and soft costs. At loan closing and in conjunction with the REIG lender, review and approve the initial Master Funding Ledger prepared by the REIG disbursement team to include all funding sources and uses utilizing construction budget(s) and loan closing statements. Ensure project budgets are accurately set up through approved fund control companies. Facilitate initial post‑closing meetings with the REIG lending/disbursement team and the borrower’s project team; conduct follow‑up meetings as necessary. Verify and balance all budget categories and all funding sources, both initially and with each funding request. Coordinate fund control requests and project inspections. Prepare and monitor funding reports for management. Accurately complete funding packages, submit for approval, disburse draws using the appropriate funding source, and notify recipients of funds. As required, approve funding packages prepared by the REIG disbursement team. Ensure line‑item transfers and increase transfers are adequately documented, the cost breakdown continues to balance and all changes are submitted to the Loan Officer for approval. Ensure the Master Funding Ledger is updated regularly to reflect accurate and current construction progress and the status of the remaining available funds. Manage mechanic’s lien detection and responsive resolution via interface with borrower, title officer and lender. Order and review all applicable endorsements, including but not limited to foundation and incremental increased coverage endorsements; obtain rewrite title policies as applicable. Establish and maintain paper and electronic files for assigned construction projects in accordance with REIG and bank policies the procedures. Periodically review or audit REIG construction files to ensure audit readiness. Process partial demands and re-conveyances for REIG subdivision projects. Work with other REIG team members to monitor and clear ticklers and exceptions. Complete monthly certifications as assigned. Follow up for receipt and completion of all information in a timely manner. Complete special projects as assigned. Complete error‑free accounting work. Follow all established policies and procedures. Perform other duties and projects as assigned. Qualifications 3 to 5 years of construction disbursement and commercial lending experience. SBA 7(a) experience preferred. College degree or equivalent experience preferred. Proficiency working in Word, Outlook, and Excel. Ability to create reports. Strong knowledge of escrow, title, UCC, and lender due‑diligence/verification processes. Strong knowledge of commercial loan processing, documentation, closing procedures, underwriting requirements, and terminology. Strong knowledge of the construction process and typical disbursement requirements. Ability to manage multiple tasks/projects and deadlines simultaneously. Possess strong analytical skills. Be a self‑starter and detail‑oriented. High school diploma or equivalent required. Benefits Financial Security: Eligible to participate in the company’s 401(k) plan which includes a company match and immediate vesting. Health & Well-Being: Comprehensive insurance options including medical, dental, vision, AD&D, supplemental life, long‑term disability, pre‑tax Health Savings Account with employer contributions, and pre‑tax Flexible Spending Account (FSA). Building & Supporting Your Family: Partners with providers that offer adoption, surrogacy, fertility assistance, paid parental leave and family support solutions including care options for your family. Paid Time Away: Eligible team members receive paid vacation days, holidays, and volunteer time off. Career Growth Opportunities: Tuition reimbursement, an annual mentorship program, leadership development resources, access to LinkedIn Learning, and more. Salary Range The base salary ultimately offered is determined through a review of education, industry experience, training, knowledge, skills, abilities of the applicant in alignment with market data and other factors. Equal Opportunity Employer Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to their actual or perceived race (including traits associated with race, such as hair texture or hair type or protective hairstyles), religion or religious creed (including religious dress and grooming practices), color, sex (including pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender, gender identity, gender expression, gender transitioning, citizenship status, national origin, ancestry, age, marital status, military or veteran status, medical condition, genetic information, or disability (mental or physical), requests for accommodation and any additional protected categories set forth in applicable federal, state or local laws. If you require reasonable accommodation as part of the application process, please contact Talent Acquisition. #J-18808-Ljbffr Banc of California