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Senior Associate, Construction Loan Serving
full-timeJericho

Summary

Location

Jericho

Type

full-time

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About this role

If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.  

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

We are seeking a highly skilled Sr. Associate, Construction Loan Servicing to join our Commercial Loan Servicing team. This senior-level position is responsible for managing complex real estate construction loans, including syndicated and participated transactions. The ideal candidate will ensure timely disbursements, compliance with all pre- and post-closing requirements, and provide leadership in process improvements and risk management

 We are seeking a highly skilled Sr. Associate, Construction Loan Servicing to join our Commercial Loan Servicing team. This senior-level position is responsible for managing complex real estate construction loans, including syndicated and participated transactions. The ideal candidate will ensure timely disbursements, compliance with all pre- and post-closing requirements, and provide leadership in process improvements and risk management

Key Responsibilities:

  • Oversee pre-closing activities and ongoing servicing for complex construction loan portfolios.
  • Manage and approve draw requests, ensuring strict compliance with budgets, lien waivers, insurance requirements, and internal controls.
  • Coordinate site inspections and evaluate progress reports to proactively identify and mitigate project risks.
  • Review and validate third-party reports, budgets, and supporting documentation for accuracy and completeness. 
  • Collaborate cross-functionally with Relationship Managers, vendors, attorneys, and inspectors to resolve escalated issues and maintain project continuity.
  •  Ensure adherence to regulatory requirements, internal policies, and audit standards throughout all loan servicing activities.
  • Process and submit draw requests promptly and accurately, maintaining detailed reporting and status updates for completed draws and related activities.
Skills/Experience Needed:
  • 3-5+ in commercial construction loan servicing or monitoring, including syndicated/participated loan.
  • Bachelor’s degree in finance, business, real estate or related field; equivalent experience considered.
  • Proficiency in loan servicing platforms; Loan IQ, McCracken and Microsoft Office Suite.
  • Strong analytical, organizational, and problem-solving skills.
  • Excellent verbal and written communication skills.
  • Ability to manage multiple priorities in a fast-paced environment and make sound decisions under pressure.

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.

Other facts

Tech stack
Commercial Construction Loan Servicing,Syndicated Loans,Draw Requests,Budget Compliance,Risk Management,Site Inspections,Analytical Skills,Organizational Skills,Problem-Solving Skills,Communication Skills,Loan Servicing Platforms,Microsoft Office Suite,Collaboration,Leadership,Regulatory Compliance,Internal Controls

About Webster Bank

Webster Bank (NYSE:WBS*) is a values-based, leading commercial bank with more than $81.9 billion in assets focused on delivering financial solutions to businesses, individuals and families. With headquarters in Stamford, Connecticut, our footprint spans the Northeast from the New York City metropolitan area to Rhode Island and Massachusetts.

Webster Financial Corporation and its subsidiaries (“Webster”) are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.

© 2025 Webster Financial Corporation. All rights reserved.
Webster Bank, the Webster Bank logo and the W symbol are trademarks of Webster Financial Corporation and Registered in the U.S. Patent and Trademark Office.

Team size: 1,001-5,000 employees
LinkedIn: Visit
Industry: Banking
Founding Year: 1935

What you'll do

  • The Senior Associate will oversee pre-closing activities and ongoing servicing for complex construction loan portfolios, managing draw requests and ensuring compliance with various requirements. The role also involves coordinating site inspections and collaborating with cross-functional teams to resolve issues.

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Frequently Asked Questions

What does a Senior Associate, Construction Loan Serving do at Webster Bank?

As a Senior Associate, Construction Loan Serving at Webster Bank, you will: the Senior Associate will oversee pre-closing activities and ongoing servicing for complex construction loan portfolios, managing draw requests and ensuring compliance with various requirements. The role also involves coordinating site inspections and collaborating with cross-functional teams to resolve issues..

Why join Webster Bank as a Senior Associate, Construction Loan Serving?

Webster Bank is a leading Banking company.

Is the Senior Associate, Construction Loan Serving position at Webster Bank remote?

The Senior Associate, Construction Loan Serving position at Webster Bank is based in Jericho, New York, United States. Contact the company through Clera for specific work arrangement details.

How do I apply for the Senior Associate, Construction Loan Serving position at Webster Bank?

You can apply for the Senior Associate, Construction Loan Serving position at Webster Bank directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Webster Bank on their website.