Job Description As the Loan Administrator II you will be responsible for analyzing, reporting and escalating any issues that may impact the property during the term of the loan. Prior to closing you will review construction documents for project viability. During construction you will review draws, change orders, lien waivers, and inspection reports among others to determine the appropriateness of the draws. You will also work through project closeout monitoring at the end of the project. You will also partner with customers, bankers, design professionals, third party consultants and agencies, as well as, multiple lines of business across the Bank, which could include Commercial Banking, Retail Banking and Asset Management. You will be able to utilize your knowledge of construction materials and methods, standard construction practices, and building codes on commercial, multi-family, and residential construction loans. Project types may include a mix of both ground-up and renovation of multifamily, manufacturing, office buildings, warehouses, healthcare, churches, schools, and many more.
Job responsibilities: Implement construction risk policies and procedures for specific Lines of Business Guides lenders and special asset officers at all seniority levels on the risks associated with construction issues and the best practices in monitoring and mitigating those risks in the context of a complex loan transaction. Resolve matters escalated to them regarding construction and problems related to construction Provides quality control checks on work performed. Prioritize and lead/participate in constant stream of projects required of the business Participate in business review process and business resiliency efforts travel Minimally as requirement Required qualifications: Bachelor's or Master's degree in architecture, engineering or building construction Knowledge of real estate construction loans for a national lending organization to include solid understanding of loan structures or lending methods is strongly preferred. Advanced experience with complex Excel spreadsheets Five or more years' experience in construction or building design related fields or working as an owner's representative. Prefer at least 5 years' experience working in the field on construction project(s), preferably in roles like field engineer, estimator, office engineer, project engineer, superintendent, or project manager (or) Five or more years of experience as a construction lender consultant Possess significant experience with AIA documents, complex construction budgets, lien waivers, contractor payment applications, pricing change orders, analyzing construction schedules and monitoring commercial, multi-family, and single family residential real estate Experience in construction cost estimating, architectural/engineering design services, real estate finance and financial construction risk administration is preferred Experience in giving presentations on findings for projects. Experience in managing Client and Stakeholder relationships, troubleshooting issues, and facilitating resolutions. Preferred qualifications :
Ability to prioritize and plan complex, cross-functional initiatives by partnering with a variety of stakeholders and constituents. Excellent interpersonal skills (listening, influencing, negotiating, conflict resolution). Strong project planning and management abilities in combination with proven teamwork and influential skills Ability to handle multiple priorities and produce successful results in a fast-paced environment. Act with a sense of urgency and prioritize with the ability to respond quickly to critical business needs Strong analytical, planning, problem solving and strategic thinking skills. Ability to analyze management information to recommend, plan, and implement improved processes, technology, etc. Proficient in resource management, organizational and/or operational change management, talent management, budget/financial management Understanding of operational risk management and control methodologies and applicable regulations About Us JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set, and location. For those in eligible roles, we offer discretionary incentive compensation which may be awarded in recognition of firm performance and individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans
About the Team Commercial Banking is focused on helping our clients succeed and making a positive difference in our communities. We provide credit and financing, treasury and payment services, international banking and real estate services to clients including corporations, municipalities, institutions, real estate investors and owners, and nonprofit organizations.
