Loan Disbursement Specialist at Zions… · Salt…

Summary: Zions Bancorporation is one of the nation’s premier financial services companies, and they are seeking a Loan Disbursement Specialist to join their Construction Disbursements Team. The role involves managing commercial construction projects, processing loan draws, and ensuring compliance with loan documentation and bank policies.

Responsibilities:
- Review, analyze and process customer loan draws for commercial and residential construction projects, loan fund disbursements, equity draws, etc., including review of invoices, lien waivers, and budget
- Prepare payoff quotes, credit bids, default letters and loan modifications
- Schedule and direct pre-construction discussion with Borrower, Builder, and RM when requested
- Administer participation loans, coordinate with participating/lead bank(s)
- Order, input, and review inspection reports
- Updates and maintains various reports and ticklers for loan maintenance
- Assists with and may serve as liaison with lenders, loan administration, and outside vendors
- Monitor and may process interest rate changes
- Review loans for past due status, insurance coverage, tickler exceptions, etc
- Ensure loan administration is consistent with loan documents, bank and department policies and procedures
- Other duties as assigned

Required Qualifications:
- Some experience with commercial, construction or loan servicing process and procedures, loan documentation or processing or other directly related experience
- Basic knowledge of lending disbursement processes, procedures and loan documentation
- Basic knowledge of standard construction budget and loan servicing practices and techniques
- Must have good audit, problem solving, data entry and customer service skills
- Ability to review and process data per loan documentation
- Good time management and organizational skills
- Must be accurate, detail oriented and able to multi-task
- Good communication skills, both verbal and written
- Basic knowledge of computer software programs such as word, excel, etc
- Requires High School Degree or Equivalent
- A combination of education and experience may meet job requirements

Required Skills: Commercial loan servicing, Construction loan disbursement, Loan documentation, Construction budget practices, Data entry, Microsoft Word, Microsoft Excel

Benefits: Medical, Dental and Vision Insurance - START DAY ONE!, Life and Disability Insurance, Paid Parental Leave, Adoption Assistance, Health Savings (HSA), Flexible Spending (FSA), Dependent care accounts, Paid Training, Paid Time Off (PTO), 11 Paid Federal Holidays, 401(k) plan with company match, Profit Sharing, Mental health benefits including coaching and therapy sessions, Tuition Reimbursement for qualifying employees, Employee Ambassador preferred banking products