Construction Draw Administrator

The Federal Savings Bank•Chicago, IL

1d•$55,000 - $80,000•Hybrid

About The Position

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.

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
Favorable credit and background

Nice To Haves

Microsoft Office Suite proficiency preferred
Experience with Encompass Loan Origination Software and Fiserv (Cleartouch) software preferred

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

Benefits

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