Construction Draw Administrator

Job Type

Full-time

Description

The Federal Savings Bank is looking for an experienced Construction Draw Administrator to support our offices nationwide.

The Federal Savings Bank is a national bank headquartered in Chicago, IL and specialize primarily in residential mortgage lending. We are proudly veteran-owned and dedicated to providing white glove service to all of our customers and business partners.

The Construction Draw Administrator is a crucial role responsible for ensuring the proper facilitation of draw disbursements while maintaining compliance with loan documentation, credit policy, internal procedures, and applicable state and federal laws. The administrator will act as the primary point of contact for builders, managing disbursements ensuring projects are tracked accurately during the construction period.

Ideal candidates are able to work a hybrid schedule (3 days in office) based from our Chicago (Logan Square) headquarters, though fully remote qualified candidates will also be considered.

Duties And Responsibilities

• Facilitate draw disbursements in compliance with loan documentation and credit policies
• Act as a conduit for communication between builders and the bank during the draw process
• Ensure all projects are tracked and managed efficiently and accurately within the construction period
• Maintain detailed records of all correspondence and transactions related to disbursements
• Collaborate with various departments to ensure smooth processing of draw requests
• Adhere to The Federal Savings Bank's communication standards and procedures
  
  

Requirements

Job Requirements:

• 2 year Degree or related experience
• 3 years of experience in construction lending, draw management, or closely related field
• Strong understanding of construction lending and draw disbursement process
• Excellent interpersonal skills, written and verbal communication
• Keen organizational skills
• Ability to manage multiple tasks and prioritize effectively
• Detail-oriented with commitment to accuracy and compliance
• Basic accounting knowledge
• Ability to identify issues and initiate problem solving when challenges arise
• Customer service orientation - build and maintain positive relationships with builders and other stakeholders
• Microsoft Office Suite proficiency preferred
• Experience with Encompass Loan Origination Software and Fiserv (Cleartouch) software preferred
• Favorable credit and background
  
  

What We Offer

• Medical, Dental, & Vision insurance
• Company-paid Life insurance
• FSA and HSA plan options
• Partial 401k match
• 7 paid holidays
• PTO eligibility that increases with length of employment
• Free, covered parking onsite for bank employees
• Employee appreciation events and recognition on a national scale
  
  

The Federal Savings Bank is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

Salary Description

$55,000 - $80,000 base salary plus bonus