Senior Construction Disbursement Administrator

Western Alliance Bancorporation
dental insurance, tuition assistance, 401(k)
United States, Arizona, Phoenix
May 09, 2025
Job Title: Senior Construction Disbursement Administrator Location: Biltmore What you'll do: The Construction Disbursement Specialist is responsible for the disbursement process on all construction loans while mitigating the bank's risk during the construction process. The duties include but are not limited to reviewing loan budgets and new loan setups, evaluating draw packages, understanding loan documentation, working with various internal departments relating to draw funding, tracking collateral movement, and managing post-construction processes to ensure the bank satisfies its responsibilities in regard to the collateral. This person works closely with our lender's construction risk managers and our credit/management team to ensure transactions are clearing as expected with little delays. Serves as liaison between mortgage originators internal construction teams, WAB Management and Credit staff prior to boarding loans to provide input on loan structure, how construction draws will be processed and how the collateral will be monitored post-closing. Responsible for preparing and organizing loan draw packages, ensuring quality, completeness and accuracy, prior to disbursement Completes disbursement requests on a portfolio of customers, lending against real estate transactions. Averages 4-8 originator portfolios to monitor and provide updates to Credit on monthly basis of progress. Review for any delays or exceptions prior to maturity and preemptively work with Credit on extension requests. Notifies WHL Sales Officers and management of liens, project budget issues, or other conditions that increase the bank's risk. Performs other duties and participates in special projects as assigned by management. What you'll need: * High school graduation or GED * 3+ years of Mortgage industry experience. -OR- * 1-2 yearsof experience in commercial real estate construction lending with an emphasis on the disbursement process * Intermediate knowledge of general banking operations, including deposit operations, loan administration, treasury management, and/or other commercial banking products and services helpful. * Strong communication skills, especially speaking and listening skills * Experienced with Microsoft Office. Benefits you'll love: We offer all the important things you'd want - like competitive salaries, an ownership stake in the company, medical and dental insurance, time off, a great 401k matching program, tuition assistance program, an employee volunteer program, and a wellness program. In addition, you'll have the opportunity to bolster your business knowledge, learning the ins and outs of how successful companies operate and manage their finances, giving you invaluable hands-on experience to help grow your career! About the company: Western Alliance Bank is a wholly owned subsidiary of Western Alliance Bancorporation. Alliance Bank of Arizona, Alliance Association Bank, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank are divisions of Western Alliance Bank; Member FDIC. AmeriHome Mortgage is a Western Alliance Bank company. Western Alliance Bancorporation is committed to equal employment and will consider all qualified applicants without regard to race, sex, color, religion, age, nation origin, marital status, disability, protected veteran status, sexual orientation, gender identity or genetic information. Western Alliance Bancorporation is committed to working with and providing reasonable accommodations for individuals with disabilities. If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process and/or need an alternative method of applying, please email HR@westernalliancebank.com or call 602-386-2488. When contacting us, please provide your contact information and state the nature of your accessibility issue. We will only respond to inquiries concerning requests that involve a reasonable accommodation in the application process. Western Alliance Bancorporation