JOB ID R036136
DATE POSTED Jul. 14, 2022
CATEGORY Escrow
EMPLOYMENT TYPE Full Time
Company Summary
Join a team that puts its People First! As a member of First American’s family of companies, National Commercial Services provides single-point service for simple to multi-property/multi-state national commercial real estate transactions. Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for seven consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.
Job Summary
The Construction Administrator position is responsible for extensive organization and thorough review of submitted draw materials. This unique role is one that demands an ability to facilitate communication between parties and to advise underwriters regarding issues related to each construction draw. The Construction Administrator role also requires the proper handling of funds in accordance with current escrow rules and provisions on those projects where we have agreed to disburse the draw funds. The Construction Administrator provides substantial construction draw support to our underwriters throughout First American Title.
Essential Functions
- Reviews and analyzes construction documents, such as:
- Pay applications/change orders
- Invoices
- Lien waivers
- Updated sworn construction statements
- Updated project balance statements
- Determines which payments require lien waivers
- Complies with terms of disbursing and escrow agreements
- Complies with internal processes and confidentiality
- Communicates as appropriate to internal underwriters, lenders, project managers, contractors, and owners any issues or questions regarding the construction draws and draw documentation
- Establishes and maintains internal and external relationships
Knowledge and Skills/Technology Used
- Strong attention to detail
- Strong organizational skills
- Excellent written and verbal communications skills
- Escrow funds control skills preferred
- A high level of discretionary judgment as to appropriate communications
- Ability to manage multiple projects taking place over many months
- Ability to identify and establish appropriate tracking solutions unique to each project
- Ability to interpret and evaluate project budgets
- Interpersonal skills
- Self-motivated; self-starter
- Ability to manage multiple tasks and focus on immediate assignments
- Proficient in Microsoft Word, Excel and PowerPoint
Typical Education
- Bachelor’s degree or equivalent combination of education and experience
Typical Range of Experience
- 1-4 years of experience
- General title knowledge of construction projects and/or prior work experience in banking or accounting preferred
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First American invests in its employees’ development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer.
Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.
