Construction Draw Administrator at The Federal Savings Bank

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

31 Dec, 25

Salary

0.0

Posted On

02 Oct, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Construction Lending, Draw Management, Interpersonal Skills, Written Communication, Verbal Communication, Organizational Skills, Detail-Oriented, Customer Service Orientation, Problem Solving, Microsoft Office Suite, Accounting Knowledge, Encompass Loan Origination Software, Fiserv Software

Industry

Financial Services

Description

Description The Federal Savings Bank is looking for an experienced Construction Draw Administrator to support our offices nationwide. The Federal Savings Bank is a national bank headquartered in Chicago, IL and specialize 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 ensuring projects are tracked accurately during the construction period. Ideal candidates are able to work a hybrid schedule (3 days in office) based from our Chicago (Logan Square) headquarters. Fully remote qualified candidates will be considered on a case by case basis. 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: 2 year Degree or related experience 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 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 What We Offer: Medical, Dental, & Vision insurance Company-paid Life insurance FSA and HSA plan options Partial 401k match 7 paid holidays PTO eligibility that increases with length of employment Free, covered parking onsite for bank employees Employee appreciation events and recognition on a national scale 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.

Responsibilities

The Construction Draw Administrator facilitates draw disbursements while ensuring compliance with loan documentation and internal procedures. They act as the primary point of contact for builders, managing disbursements and tracking projects accurately during the construction period.