The Construction Loan Administrator is responsible for the end-to-end servicing and administration of complex Commercial Construction loans and projects, including the monitoring of syndicated deals (agent or participant). This role requires strong technical knowledge of construction lending, loan documentation, title review, and budget management. The administrator ensures all construction loans are accurately set up, properly monitored, and serviced in accordance with the loan agreement, bank policy, and established timelines. Complex Construction Loans with activities including but not limited to; monitoring construction throughout the life cycle, set up of the construction loans and budget, the disbursement of construction loan draws within established budget and review of Construction Loan Agreement and its Budget.
Required Qualifications*- Bachelor's Degree or equivalent
- Minimum 8 years experience in Construction Loan Administration/Commercial Real Estate
Additional Qualifications
- Previous experience in larging financial institutions is preferred
- Client facing presence
- Project Management skills, ability to prioritize tasks and adapt to changing priorities
- Organizational and time management skills
- Recommended experience: Prior closing experience, paralegal (i.e., understand legal language and docs), credit experience or understanding of experience
- Understanding of bank policies and procedures relating to the satisfaction of loan closing conditions, documents, and services
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $87,027 - $138,965 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.