Construction Loan Administrator

Northern Trust
Chicago
Workplace: HybridFull timeUSD 74,200 - 126,200 annuallyFunction: Administration & Executive AssistanceExperience: 5+ yearsSkills: ["Negotiation","Leadership","Sales","Analytical skills","Client servicing"]

Administer construction loans for both commercial and residential clients, partnering with real estate lending officers to underwrite construction risk, advise on products and regulatory changes, and structure complex loan agreements. Oversee release of funds through defined stages, coordinate inspections, and evaluate creditworthiness for loan committee submissions. Prepare proposals and sales presentations, monitor client needs, and travel to client locations as required.

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FursaFursa
Northern Trust
Northern Trust
15 hours ago

Construction Loan Administrator

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Last checked: 41 minutes agoStatus: Live

Job Summary

Administer construction loans for both commercial and residential clients, partnering with real estate lending officers to underwrite construction risk, advise on products and regulatory changes, and structure complex loan agreements. Oversee release of funds through defined stages, coordinate inspections, and evaluate creditworthiness for loan committee submissions. Prepare proposals and sales presentations, monitor client needs, and travel to client locations as required.
Location: Chicago
Workplace: Hybrid
Employment Type: Full time
Job Function: Administration & Executive Assistance
Seniority: Mid level

Key Responsibilities

  • •Administer construction loans and work with real estate lending officers to underwrite construction risk issues.
  • •Counsel clients on emerging issues, bank products/services, legal/regulatory changes, and market trends.
  • •Structure and negotiate complex loan agreements and analyze risk, including holdbacks, restrictions, and repayment risk.
  • •Define and oversee requirements for release of funds, coordinate inspections, and monitor client/prospect creditworthiness for loan committee submissions.
  • •Prepare proposals to address client needs and make sales presentations; travel regularly to client locations.
Travel: Medium travel

Pay and Benefits

Salary: USD 74,200 - 126,200 annually
Perks:401kPensionHealth InsuranceDentalVisionPaid LeaveParental LeaveLife Insurance

Key Requirements

  • •5+ years of experience in commercial or residential real estate construction, draw administration, client servicing, and lending.
  • •Experience reviewing legal documentation required for subject loans.
  • •In-depth knowledge of finance and real estate lending/client relationship management.
  • •Knowledge of applicable industry laws and regulations required to structure loans.
  • •Proficiency with Excel and familiarity with banking, loan, and client management systems.
Experience:5+ yearsCommercial real estateResidential real estateLendingConstruction
Skills:NegotiationLeadershipSalesAnalytical skillsClient servicing
Tech Stack:Excel

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

Northern Trust
Global financial services firm providing wealth management, asset servicing, asset management, and banking solutions to institutions, corporations, and affluent individuals, with a focus on custody, investment management, and technology-driven services.
Industry: Asset Management
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Chicago, United States
Founded: 1889
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Glassdoor: 3.9
WebsiteLinkedIn