Senior Loan Administrator

Formerly known as Al. Neyer, Merus combines more than 130 years of commercial real estate expertise with an integrated team of company owners. We specialize in the construction, development, ownership, and management of a diverse portfolio of real estate assets across a growing footprint in the eastern U.S.

We’re all owners here. This not only sets us apart but deeply influences our culture and operations. Every team member demonstrates a deeper sense of ownership and accountability—in both their daily tasks and the collective success of the organization. Learn more about our culture at www.merus1894.com.

Summary of Responsibilities

As a key member of the Real Estate Finance team, the Senior Loan Administrator manages funding and administrative tasks associated with construction projects from pre-close through completion. This role includes managing project budgets, coordinating loan advances, and submitting required documentation to ensure compliance with loan terms.

Essential Job Functions

1. Prepare draw requests of hard and soft costs with all applicable support
2. Oversee funding administration and interest payments
3. Monitor construction budgets to ensure they align with loan terms and conditions
4. Review construction loan documents ensuring compliance with internal policies
5. Escalate discrepancies and drive solutions through various parties
6. Seek approvals from lenders for changes to budgets, change orders, and other various forms
7. Communicate with lenders, contractors, and internal teams
8. Assist in invoicing and closing processes
9. Handle daily communications and submit reporting to lenders
10. Manage reporting and KPIs on accuracy and efficiency of loan draw process

Position Requirements

1. Proven ability to quickly adapt to changing priorities and act with urgency
2. Solid process management skills: ability to design, implement, and monitor processes
3. High attention to detail and ability to meet deadlines while managing multiple projects and competing priorities
4. Ability to collaborate, communicate and influence across internal business functions and external stakeholders

Qualifications and Experience

1. Minimum of 5 years of experience in loan administration, construction loan administration strongly preferred

Safety Hazard of the Job

Normal safety hazards associated with office work, and with occasional observational visits to construction sites.

Physical Demands

Low physical effort required to sit, stand at files, bend, stoop, lift, and walk. Maximum unassisted lift is 35 lbs. Average lift is less than 10 lbs. Requires ability to use a keyboard and monitor. Also requires the ability to communicate verbally, both in person and on the telephone.

Average inside office environment. Average office noise levels. No personal protective equipment is required. Ambient temperature is between 68F and 76F.

This job description is not intended to be all-inclusive. The employee will also perform other reasonably related business duties as assigned by their immediate supervisor and other management as required. This job description is not a contract or offer for employment, and either you or Merus may terminate employment at any time for any reason.