Jobs · Management · Illinois

Construction Draw Administrator

Alexander Romo - The Federal Savings Bank · Chicago, IL · 3 days ago
Management$55k–$80k/yrFull-time

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

  • 4 year Degree or commensurate experience (Preferred majors are Business, Finance, and Accounting)
  • 0-3 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
  • Able to manage multiple tasks and prioritize effectively
  • Detail-oriented with commitment to accuracy and compliance
  • Basic accounting knowledge
  • Able 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

What We Offer

  • Medical, Dental, and Vision insurance plans
  • HSA and FSA plan options
  • Company-paid life insurance
  • 401k with partial match
  • Complimentary Employee Assistance Program (EAP)
  • Paid time off that increases with tenure (40 hrs. sick time; 80 hrs. Your Time Off to start)
  • 7 paid bank holidays
  • In-house virtual training opportunities to broaden your industry knowledge
  • Education Reimbursement
  • Employee Home Loan Discount Program
  • Employee recognition on a national scale
  • Frequent employee appreciation events
  • Big bank capability, small-bank feel

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