Construction Draw Administrator

Job Description

Job Description

Description:

The Federal Savings Bank is hiring a Construction Draw Administrator to support our offices nationwide.

The Federal Savings Bank is a national bank headquartered in Chicago, IL, specializing 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 and ensuring projects are tracked accurately during the construction period.

Ideal candidates are available for a hybrid schedule (3 days onsite in our Chicago/Logan Square headquarters). Fully remote qualified candidates will be considered on a case by case basis and are encouraged to apply.

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:

• 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 (Recent grads or those pursuing a career change are encouraged to apply!)
• 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

Compensation:

• Annual base salary: $55,000 - $80,000
• Hired applicant will be eligible for a monthly incentive tied to individual production and achieving outlined goals

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

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.