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Disbursement Admin Sr

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Job ID RE-14496 City Los Angeles State California Additional Location: Exempt/Non Exempt Non-Exempt Shift Day Work Schedule M-F, 8-5
Job Details:


Colleague has overall responsibility for post closing functions for real estate loans or other real estate owned assets. This includes disbursement of funds, preparation of reports and responding to client requests in accordance with established policies and procedures. Works with CNB colleagues and other divisions within the bank and interacts with clients and other parties to manage the process effectively.

Real Estate Banking Division
Make your mark as a member of City National's Real Estate Banking group. Be part of the team that provides a comprehensive array of banking products and services to experienced real estate developers and investors including, but not limited to, acquisition, construction, bridge and permanent financing of commercial real estate. Product types include: Multifamily, Industrial, Office, Retail, Self-Storage, Senior Housing, and For-Sale Housing.


  • Review of file and other documents to manage the system of record
  • Review of file and other documents to validate loan documented disbursement related provisions to insure compliance with policy and credit approval,
  • Review of file and other documents to ensure requirements for disbursement have been met, regardless of source of proceeds
  • Review of file and other documents to ensure completeness
  • Disbursement:Review disbursement requests for accuracy to loan agreement requirements as evidenced by completion and approval of Construction Status Update or equivalent form.Review inspection report and comment as required by Construction Status Update or equivalent form.Verify that all required spreadsheets from AccuDraw funding system, the borrower, and the general contractor are accurately maintained.Verify that all change orders and/or modifications to the original loan budget are properly approved and documented. Collect all fees as approved.Verify that reserve accounts are properly established and reflected in the loan documents and in the AccuDraw funding system.Review and analyze the effect of and, if required, take action on title issues that arise.Communicate with title officers to ensure that all title issues are satisfied and the loan is properly recorded and funded within established time frames. Service all types of unusual disbursement requests, including disbursement of insurance proceeds, as well as regular draw requests, ensuring continued compliance with the loan agreement and bank policy. Understand the impact of the following on disbursements and take appropriate action as required: back-up data; inspection reports; transfer requests between categories; change orders; optional versus obligatory advances; mechanics’ lien laws.Maintain electronic disbursement files so that they contain all necessary back-up support with all required signatures to authorize disbursements made.
  • Servicing:Audit: Review loan files after boarding to verify CIS relationships, risk ratings, & exception and monitoring codes; perform a comprehensive audit within 90 days after boarding to ensure completeness and correctness, Ensure that at all times the adequate insurance coverage is in place.Monitor delinquent property tax payments until payment is confirmed.Ensure that all interest rate notices are properly authorized and processed.Ensure that the appropriate files are established and maintained for each loan assigned. Ensure that tract sales and values are monitored per the proforma and appraisal projections.Provide timely and accurate reporting within and outside of the Division.Maintains current knowledge of commercial real estate lending and construction lending or loan/asset administration policies & procedures loan through continued enrollment in Bank and other-provider courses related, but not limited to, computer-based lending, and the Community Reinvestment Act; remains abreast of additions and changes to federal and state legislation related to both commercial and real estate lending; keeps abreast of the climate of real estate and general business markets.Maintains a proactive commitment to established Bank programs, such a Community Reinvestment Act (CRA) and Equal Employment Opportunity etc.



  • 5 years of experience in real estate post-closing disbursement functions
  • 5 years of experience in a commercial bank or other financial institution
  • 4 years of basic computer experience required (e.g. Microsoft Word, Excel , Outlook, and Powerpoint)

Skills and Knowledge

  • Demonstrated knowledge of Microsoft Office products (Word, Excel, Outlook)
  • Knowledge of commercial real estate lending, construction lending
  • Demonstrated knowledge of legal documents
  • Familiar with basic accounting concepts
  • Excellent analytical and organizational skills

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.


We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.



Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled
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