Ullico, Inc., one of the nation’s largest sources for real estate first mortgage financing, is actively recruiting an AVP, Construction Loan Administration, to join a group that manages a $4.4 billion portfolio. This position is responsible forleading Construction Loan Servicing through the full lifecycle of commercial real estate construction loans. The role ensures accurate, timely, and compliant servicing while managing financial, operational, and regulatory risk. Serves as the organization’s construction lending expert and primary liaison across internal and external stakeholders.
Job Duties:
- Direct all construction loan servicing activities (participated and agented deals), including onboarding, system setup, reserve calculations, disbursement controls and funding oversight.
- Oversee project budget administration including draws, paydowns, retainage, funding criteria, capitalized interest and validation of equity and funding sources.
- Review and approve draw requests, ensuring timely inspections, reconciliation and strong controls to prevent errors or unauthorized funding.
- Validate funding sources, equity, retainage, and capitalized interest.
- Maintain policies, controls and risk mitigation standards, ensuring alignment with approvals, loan documents, and regulations. Escalate complex issues to senior management as needed.
- Manage third-party inspectors, title partners and insurance consultant to ensure consistent servicing standards across functions.
- Oversee portfolio reporting and provide senior management with exposure and risk reporting, support audits and regulatory exams.
- Ensure complete loan documentation and compliance, including inspections, title updates, insurance, permits, lien waivers, taxes, interest, and regulatory requirements.
- Lead and develop the Construction Loan Administration team, driving consistent practices, succession readiness, Excel/system proficiency standards, and continuous process improvement.
- Perform other similar and related duties as required.
Minimum Qualifications:
- Bachelor’s degree in Business Administration, Finance, Real Estate or a related field.
- 10 to 15 years of construction loan management experience.
- Expertise in draw processes, budgets, inspections, retainage, and funding controls.
- Ability to manage complex loan situations to arrive at solutions in order to provide senior management and counter parties with direction.
- Proven leadership experience.
- Exceptional attention to detail and accuracy in financial and document review.
$160,000 - $180,000 a year
Salary Range: $160,000 - $180,000 (depending on relevant experience, skills, and credentials). This position is eligible to participate in Ullico Inc.’s (“Ullico”) annual incentive compensation program. An incentive award is contingent upon Ullico meeting financial goals set by the Ullico Board of Directors and your individual performance. The elements of the program, including eligibility, the range of potential incentive compensation, and the factors that determine the payment, will be shared with you after you become employed.
For over 95 years, Ullico, the only labor-owned insurance and investment company, has been a proud partner of the labor movement. From insurance products for members, leaders and employers, to investments that have created thousands of union jobs, our customers continue to count on Ullico to protect them. The Ullico Inc. family of companies includes The Union Labor Life Insurance Company; Ullico Casualty Group, Inc.; Ullico Investment Company, Inc.; and Ullico Investment Advisors, Inc. Visit www.ullico.com.
We offer a competitive starting salary and an outstanding benefits package including:
·Health/Dental/Vision
·Pension
·401K
·Health Savings Account
·Life Insurance
·Paid Time Off
Ullico is an Equal Opportunity Employer. This organization participates in E-Verify.
We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.