Bank Draw Inspection Jobs in Philadelphia, PA (NOW HIRING)

FIRSTRUST BANK
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As a Firstrust employee, your growth is our growth.
For you, that means great benefits, performance-based pay, a meaningful role, and resources to help your success.
For us, that means employees who offer exemplary customer service with a commitment to our values - honesty, integrity and accountability.
*Hybrid Position*
Responsible for the administration and servicing of more complex construction loans from initial set up to full repayment. Reviews and interprets legal documents to be in accordance with the approved terms. Prepares new loan data entry forms, reviews and monitors construction loans for completeness and accuracy for which data was entered. Responsible for the review and collection of the loan's initial documentation, information integrity and accuracy. Processes periodic disbursement requests and repayment receipts.
JOB DUTIES AND RESPONSIBILITIES:

• Works with Operations Unit Manager, Real Estate Finance (REF) Risk Manager, Real Estate Finance (REF) Processor and Relationship Manager to set up new construction loans and request new loan numbers.
• For more complex construction loans, prepare new loan set-up data sheets and review new construction loan information in the Pipeline section of the construction loan system. Sets up loan budget; reviews data input for accuracy and assures that new loan set up line-item budgets are in accordance with approval. Understands and implements required primary and subaccount data entry input. Reviews essential documentation ensuring that original executed Note is received prior to funding.
• For all Real Estate Finance (REF) construction loans, assured pre-closing on-going draw disbursement funds are reserved with Finance Department Funds Manager and coordinates actual funding with Loan Operations Accountant at closing and for all subsequent draws.
• Set up construction loan disbursement files; set up new borrower portfolio files or assure new loan information is included in existing portfolio files.
• Enter all disbursement vouchers on the construction loan; track all Sales Agreements and/or Lease achievements on the construction loan. Assures receipt and approval of inspection and title bring down reports for all voucher requests. Schedules all disbursement transactions and input requests into the CONSTRUCTION LOAN system.
• Ensures all Letters of Credit are properly accounted for on the Construction Loan System Budget. Track the respective Township Release(s) for each Letter of Credit.
• Prepares and presents disbursement documentation from the system, monitors and balances disbursement report. Works with Operations Unit Manager and Real Estate Finance (REF) Reporting and Risk Management Unit Manager to assure accurate set up and administration of all loan Syndications/Participations - In or Out.
• Track escrow account information, ensuring complete accuracy of account information. Maintains the integrity of the system data.
• Reviews monthly interest billing statements for accuracy. Monitors' interest reserve adequacy on all accounts; assures accurate billing if interest reserves are exhausted.
• Alerts management to process and procedural changes concerning the daily, monthly and continuing responsibilities associated with managing and controlling construction loan information interfaced with bank wide Accounting and Finance systems for the construction loan system used by the Loan Operations Accountant, lending staff and this position. Works with and coordinates specific job activities with the Real Estate Finance (REF) Construction Loan Processor to assure adequate backup. Provides excellent customer service to clients. Responds to general inquiries on loan status.
• Assists in the development of new business for Firstrust. Possesses knowledge of corporate products and services to suggest products and directs customers to appropriate people to open accounts.

PHYSICAL AND SENSORY REQUIREMENTS:

• Prolonged periods sitting at a desk and working on a computer.

POTENITAL ON-THE-JOB-RISKS:

• None identified.

EDUCATION, TRAINING AND EXPERIENCE:

• Bachelor's Degree in accounting, finance, or related field; OR comparable experience in

construction loan servicing or a commercial banking position

• Knowledge of transaction data entry and understanding of debits/credits as well as proofing and balancing accounts.
• Working knowledge of general ledger automated systems.
• Intermediate computing skills in MS Office (Word, Excel, Outlook)
• Demonstrated commitment to quality service
• Strong work habits, attention to detail, and teamwork

Firstrust Bank provides equal employment opportunity without regard to race, color, creed, sex (including pregnancy), age, gender, (including gender nonconformity and status as a transgender or transsexual individual), physical or mental disability, religion, national origin, genetics, marital status, veteran's status, ancestry, citizenship, sexual orientation, or other characteristics protected by applicable law. This policy applies to all areas of employment, including, without limitation, recruitment, hiring, training and development, promotion, transfer, termination, compensation, benefits, and all other conditions and privileges of employment in accordance with applicable federal, state and local laws.
Firstrust Bank is an Equal Opportunity Employer.
If you have a disability and need an accommodation to complete the application process, please email Firstrust Bank Human Resources Department HResources@firstrust.com. Include your full name, best way to reach you, and the accommodation needed to assist with the application process.
Firstrust provides reasonable accommodations so that disabled individuals may participate in the application and selection process. Please state your reasonable accommodation request for assistance in your message.
Only reasonable accommodation requests related to applying for a specific position within Firstrust will be reviewed at the email address and phone number supplied.
Please advise Firstrust of any accommodation you require to express an interest in a specific opening by emailing or calling: reasonableaccomdations@firstrust.com or 215-728-8265.