Introduction

Since 1973, East West Bank has served as a pathway to success. With over 110 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.

Headquartered in California, East West Bank (Nasdaq: EWBC) is a top-performing commercial bank with a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview

The Construction Disbursement Specialist III is responsible for the servicing of complex Commercial Construction Project and Construction Loans such as Syndication & Bonds with activities including but not limited to; set up of the construction loans and budget into CLCS, the disbursement of construction loan draws within established budget, the 2nd review of all data entered in CLCS and review of Construction Loan Agreement and its Budget.

Responsibilities

Review the CCR and loan agreement ensuring proper terms and budget are within the approved credit.
Enter new construction loans in the CLCS system and set up appropriate budget.
Ensure the new loan set up line item budgets are in accordance with the credit approval and Construction Loan Agreement.
Review the disbursement draw request to the specific line item in the budget ensuring funding within the budget.
Perform 2nd review quality control of all loan set up in CLCS
Perform 2nd review of disbursement ensuring proper approval and reconciliation
Obtain approval for budget change request line item
Reconcile borrower’s construction loan budget to the bank’s records
Process construction loan disbursements
Prepare DDA, Wire , or Reference transactions and enter in CLCS.
Obtain title insurance date down/change orders for draw request.
Order third party inspection reports
Track and follow up on receipt and approval of inspection and title date down reports.
Monitor use of borrower’s soft cost funds and disbursing funds on borrower’s behalf.
Monitor interest reserve adequacy on all accounts
Monitor and reconcile Construction Loan Disbursement Report
Maintain and monitor current property and general liability insurance for all files
Interface with relationship managers, title companies, appraisal department, construction services, accounting and etc.
Respond to internal inquiries on the above processes
Perform End of Day Balancing
Provide training to Junior Disbursement Specialist
Participate in the establishment of procedures and workflow for the team
Process all other miscellaneous activities as requested
May perform other duties as assigned

Qualifications

Bachelor Degree in Finance or Accounting Degree preferred, or equivalent work related experience
Minimum 5 years of work experience in commercial real estate construction loan Administration
Knowledge of complex construction finance with multiple phases
Experience with complex loan structured including Syndication & Bond
Thorough understanding of Construction Loan Agreement and its covenants and provisions relative to construction disbursement and budget
Thorough experience with collateral perfection and Title Policies
Construction Loan system experience required with CLCS knowledge preferred
Proficient in Microsoft Office with advance Excel skills preferred
Excellent written and verbal communication skills required
Good organizational, analytical and problem solving skills
Ability to handle multiple tasks with excellent attention to detail
Ability to organize and maintain a high volume work environment
Ability to adapt quickly to changes and perform in a fast paced environment
Ability to build effective relationships as needed to effectively address issues and obstacles

Applicants must have legal authorization to work in the United States. We do not offer visa sponsorship at this time.

Compensation

The base pay range for this position is USD $20.00/Hr. - USD $37.00/Hr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.