What are the responsibilities and job description for the Draws Specialist position at Texas Bank?
SUMMARY:
The Draws Specialist is responsible for reviewing and processing construction draw requests, ensuring all required documentation is complete and in compliance with the terms of the interim construction loan. This role will consist of collaboration with loan officers, contractors and clients to facilitate the timely and accurate disbursement of funds. Additionally, the Draws Specialist will be responsible for maintaining organized loan files, tracking the progress of construction projects and ensuring that all documentation and records are kept up to date.
JOB DUTIES AND ESSENTIAL FUNCTIONS:
Manage and review construction draw requests submitted by clients and contractors, ensuring all necessary documentation is complete and in compliance with the terms of the interim construction loan agreement.
Work closely with loan officers, construction managers, and external contractors to coordinate and facilitate the timely disbursement of funds for ongoing commercial construction projects.
Review progress reports, invoices, lien waivers, and other related documentation to verify the accuracy of the draw requests before processing.
Process the release of loan funds according to the approved schedules, ensuring compliance with loan terms, project milestones, and bank policies.
Ensure that all loan documentation, including draw requests, progress updates, and payment records, is organized and maintained in the loan system for future reference and auditing purposes.
Monitor the progress of active construction projects, tracking any deviations from the original budget or timeline, and report any discrepancies to the loan officer for follow-up.
Provide exceptional customer service by answering inquiries, addressing concerns, and assisting clients in understanding the draws process.
Stay updated on industry best practices and regulatory requirements related to construction loans and ensure compliance in all processes.
Perform other duties and special projects as assigned to support organizational objectives and enhance operational efficiency.
WORKING CONDITIONS:
Air-Conditioned work environment.
Consistent and timely attendance is required to ensure uninterrupted operational efficiency and exemplary service delivery.
PHYSICAL DEMANDS:
Sit for extended periods of time.
Walk, stand, bend, squat, twist, and reach.
Simple grasping and fine manipulation.
Extended keyboarding.
Qualifications
MINIMUM REQUIREMENTS:
High School Diploma or equivalent.
3 years of experience in construction loan administration, preferably in a commercial banking environment.
Strong understanding of construction draw processes and project financing.
Detail-oriented with exceptional organizational skills and the ability to manage multiple tasks simultaneously.
Excellent communication and interpersonal skills, with the ability to collaborate with internal teams and external stakeholders.
Proficiency in Microsoft Office Suite (Word, Excel, Outlook), with experience using loan management software preferred.
Ability to work independently and make decisions based on established guidelines and loan policies.
Strong problem-solving skills and ability to handle complex situations with professionalism and discretion.
PREFERRED REQUIREMENTS:
Familiarity with lien laws, construction contracts, and project budgeting.
Background in commercial real estate or construction management is a plus.
Disclaimer: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities, and activities may change, or new ones may be assigned at any time with or without notice.
We are an Equal Opportunity Employer
TexasBank is committed to providing equal employment opportunities regardless of race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, genetic information, arrest record, or any other characteristic protected by applicable federal, state or local laws. This policy applies to all terms and conditions of employment, including, but not limited to, recruiting, hiring, placement, promotion, compensation, benefits, training, disciplinary actions, layoff, recall, transfer, leaves of absence, and termination. Employees with questions or concerns about any type of discrimination in the workplace are encouraged to bring these issues to the attention of Human Resources.
