Construction Loan Administrator

Construction Loan Administrator Job Locations: US-NJ-Parsippany | US-NJ-Bridgewater Overview This is a full‑time, hybrid career opportunity based out of Bridgewater or Parsippany, New Jersey. Responsible for the administration of certain real‑estate secured commercial mortgage credit facilities, including but not limited to reviewing and preparing loan advances, monitoring builder lines, development loans and specialized construction loans, issuing release consideration letters or payoff quotes and collateral releases for those loans, collateral tracking, and processing loan payments. Responsibilities Responsible for the setup of construction loans for both commercial projects and residential development for monitoring within the Commercial Mortgage Administration group. Duties include collecting, reviewing, and analyzing loan documentation such as construction loan agreements, title insurance, flood determinations, and building permits to ensure each future advance is calculated correctly within the loan's structure. This also involves performing initial loan advances, working with relationship managers to verify reconciliation schedules, guiding less experienced employees with legal and structural questions, funding construction loan projects at documented times, preparing daily account and General Ledger transactions, monitoring loan budgets, change orders, housing starts, and project costs. Level III employees may field questions from less experienced team members, direct when necessary, and identify when exception approval and documentation are required. Additional duties include conferring with the Due Diligence Officer or Legal on title insurance binders, ordering property inspections, reviewing reports, issuing payoff quotes or release letters, maintaining a master sheet of payoff instructions, reviewing collateral releases for accuracy, and processing releases, principal curtailments, and loan payoffs. Track exception approvals related to construction and development loan advances and releases. Scan advance and payoff and release‑related documents and file electronically for future reference. Confer with the Special Assets department on certain loans which may require special handling. Research, analyze, and resolve problems inquiries made by Relationship Managers and borrowers. May require corrections to the loan system or other tracking and recording methods. Recommend improvements to the department’s construction loan monitoring process to supervisor. Identify and report to supervisor any deviations from loan policy or loan approval. Demonstrate strong judgement in identifying when an issue requires escalation and ensures it is directed to the appropriate party. Ability to train others in all functions of the position, specifically train new hires in Fulton systems, policies and procedures. Ability to supervise the team from time to time. Ability to interpret legal documents with little or no help from Due Diligence or Legal, or confer with legal at a technical and legally familiar level. Qualifications Education – Associate Degree or equivalent experience. Preferred: Business Administration or equivalent degree. Experience – 8 or more years of experience in Construction Loan Administration with commercial development and construction loans as well as SBA construction loan administration. Strong working knowledge of construction administration platforms. Built Technologies (Preferred). Other Duties as Assigned by Manager This role may perform other job duties as assigned by the manager. Each employee is accountable for reading, understanding, and acting on the contents of all company‑assigned and job‑related compliance programs, regulations, and policies, as well as ensuring compliance training is completed on time. Pay Transparency The hourly rate for this position is $27.79 – $46.30. Specific compensation offered will be determined based on a combination of factors including the candidate’s knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location. Benefits Fulton Bank offers a comprehensive benefits package including medical plans with prescription drug coverage; flexible spending account or health savings account; dental and vision insurance; life insurance; 401(k) with employer match; Employee Stock Purchase Plan; paid time off (including holiday pay and paid volunteer time); disability insurance; maternity and parental leave; adoption assistance; educational assistance; and a robust wellness program with financial incentives. EEO Statement Fulton Bank is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status. Sponsorship Statement Individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future. #J-18808-Ljbffr Fulton Bank, N.A.