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Construction Disbursement Coordinator

Genesis Capital Sherman Oaks, CA
  • Posted: over a month ago
  • Full-Time
  • Benefits: Vision, Medical, Life Insurance, 401k, Dental

Genesis Capital is currently seeking a Construction Disbursement Coordinator to join their team in Sherman Oaks, CA.

Responsibilities:

  • Ensure timely processing and funding of construction loan disbursement requests in compliance with loan documents, Genesis Capital policies and procedures and applicable state and/or federal laws.

Strategic department initiative responsibilities:

  • Ensure timely processing and funding of construction loan disbursement requests – requiring review, analysis, and disbursement of fund per bank policies, procedures and approval guidelines.
  • Set up and on board new construction loan budgets in bank disbursement system and application.
  • Prepare and update loan advance worksheets incorporating requested disbursement amounts – confirming budget line-items, invoices, lien waivers, and third-party inspection reports are a consistent to support the request.
  • Provide summary/analysis of each disbursement request assessing that all line-items are adequately supported and determine if any cutbacks are necessary given the status of completion.
  • Produce reports and performs spreadsheet analysis.
  • Review vendor invoices, lien waivers and maintains disbursement files, etc.
  • Monitor the adequacy of remaining budget loan funds needed to complete the specified construction projects.
  • Order, review and analyze title endorsements and inspection reports.

Qualifications:

  • Associate Degree, or equivalent work related experience
  • Minimum 1 year of work experience preferably in Banking/Fund Control
  • Real Estate Construction lending knowledge
  • Proficient in Microsoft Office
  • Good written and verbal communication skills
  • 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

Genesis Capital

Why Work Here?

The preeminent lending partner for real estate investors and developers.

Genesis Capital, subsidiary of Goldman Sachs, is one of the largest private money lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family residential real estate and/or multi-family apartment buildings.

Address

15303 Ventura Blvd. Suite 700 Sherman Oaks, CA 91403
Sherman Oaks, CA
USA

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