Jobs · Management · Illinois

Residential Construction Estimator

The Federal Savings Bank · Chicago, IL · 1 mo ago
Management$70k–$90k/yrFull-time

Budget and Project Review

Review, analyze, and validate residential construction budgets, plans, specifications, blueprints, and related project documentation.
Assess project feasibility through analysis of costs, timelines, materials, labor components, and construction methodologies.
Ensure budgets are complete, reasonable, and accurately reflect the proposed residential construction project.
Identify potential risks, budget gaps, or construction issues that could impact project completion or collateral value.

Collaboration

  • Communicate findings, requirements, and deficiencies clearly and professionally.
  • Cook with internal stakeholders and builders to obtain reports, project specs, budget revisions, and supplemental documentation.
  • Provide timely feedback and recommendations to lending and risk management teams regarding project budgets and construction-related concerns.

Pipeline Management

  • Effectively manage a high-volume pipeline of construction projects while meeting established SLAs.
  • Prioritize competing deadlines and maintain organized project documentation.
  • Contribute to process improvements as construction lending operations continue to expand and evolve.

Requirements

  • Experience in residential construction lending (required)
  • Experience in residential appraisal, title, or collateral underwriting (preferred)
  • Experience reviewing residential construction budgets, cost estimates, plans, or project documentation
  • Experience managing multiple projects or a high-volume workflow
  • Experience working with various residential property types
  • Strong understanding of residential construction methods, sequencing, materials, and costs
  • Ability to interpret construction drawings, blueprints, specifications, and site plans
  • Knowledge of construction budgeting, estimating, and cost analysis techniques
  • Proficiency with Microsoft Office Suite, particularly intermediate/advanced proficiency with Excel

Professional Competencies

  • Exceptional attention to detail and accuracy
  • Strong organizational and time-management skills
  • Able to manage multiple priorities in a fast-paced environment
  • Critical thinking and analytical problem-solving abilities
  • Ability to identify inconsistencies and proactively resolve issues
  • Sound judgment and decision-making skills

Communication Skills

  • Excellent verbal and written communication skills
  • Comfortable engaging frequently with internal and external stakeholders via phone and video meetings

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
  • Insite garage parking for employees in Chicago office
  • 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

Salary Description

$70k - $90k annual base salary

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