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