Residential Construction Project Analyst

Job Type Full-time Description The Federal Savings Bank is a federally chartered, veteran-owned bank specializing in residential mortgage lending. Due to continued growth in our construction lending business, we are expanding our team and seeking an experienced Residential Construction Project Analyst. The Residential Construction Project Analyst is responsible for evaluating residential construction projects to determine feasibility, budget sufficiency, and overall project viability. This role reviews construction contracts, builder proposals, bids, plans, specifications, appraisals, and supporting documentation to ensure projects can be completed within available funding and meet bank requirements. The ideal candidate combines residential construction expertise with strong analytical skills and attention to detail. This position plays a critical role in protecting collateral quality, identifying budget deficiencies, and supporting construction lending decisions. This role may be a great fit for professionals with experience such as: Residential Construction EstimatorConstruction Project ManagerHome Builder SuperintendentConstruction UnderwriterConstruction Loan AdministratorResidential AppraiserAppraisal ReviewerCost AnalystConstruction Consultant This position is based in our Chicago/Logan Square headquarters. Qualified candidates should reside a commutable distance at the time of application and be available to work a hybrid schedule (3 days in-office/2 days remote). Duties And Responsibilities Project Feasibility & Budget Analysis: Review construction contracts, builder proposals, budgets, plans, specifications, bids, and related project documentationAnalyze residential construction projects to determine whether proposed budgets adequately support project completionEvaluate labor, material, contingency, site development, and other project costs for completeness and reasonablenessReview appraisals and supporting documentation to validate project scope and consistencyIdentify budget gaps, cost overruns, omissions, or construction-related issues that could impact project completionAssess project feasibility based on construction methods, timelines, scope, and available fundingReview and process a high volume of construction projects while maintaining quality and service standards Collaboration & Communication Communicate project findings, requirements, and deficiencies clearly and professionallyWork directly with builders, borrowers, appraisers, inspectors, and internal stakeholders to obtain required documentationProvide recommendations regarding project budgets, feasibility concerns, and construction risksAssist in resolving project issues and obtaining budget revisions when needed Pipeline Management Effectively manage a high-volume pipeline while meeting established service levelsPrioritize competing deadlines and maintain organized project documentationSupport ongoing process improvements and operational initiatives within Construction Lending Requirements Experience: Experience in: residential or commercial construction, construction estimating, construction lending, appraisal review or collateral underwriting, cost analysis, project management, or a related fieldExperience reviewing residential construction budgets, cost estimates, plans, or project documentationExperience managing multiple projects or a high-volume workflowExperience working with various residential property typesStrong understanding of residential construction methods, sequencing, materials, and costsAbility to interpret construction drawings, blueprints, specifications, and site plansKnowledge of construction budgeting, estimating, and cost analysis techniquesProficiency with Microsoft Office Suite, particularly intermediate/advanced proficiency with Excel Professional Competencies Exceptional attention to detail and accuracyStrong organizational and time-management skillsAbility to manage multiple priorities in a fast-paced environmentCritical thinking and analytical problem-solving abilitiesAbility to identify inconsistencies and proactively resolve issuesSound judgment and decision-making skills Communication Skills Excellent verbal and written communication skillsComfortable engaging frequently with internal and external stakeholders via phone and video meetingsAbility to build strong relationships with bankers, builders, borrowers, and business partnersProfessional presence with a customer-focused approach Compensation Annual base salary: $70,000 - $90,000 What We Offer Medical, Dental, and Vision insurance plansHSA and FSA plan optionsCompany-paid life insurance401k with partial matchComplimentary 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 holidaysOnsite garage parking for employees in Chicago officeIn-house virtual training opportunities to broaden your industry knowledgeEducation ReimbursementEmployee Home Loan Discount ProgramEmployee recognition on a national scaleFrequent employee appreciation eventsBig bank capability, small-bank feel 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 $70k - $90k annual base salary