Construction Draw Administrator

Tier One Funding

2h•Remote

About The Position

We are seeking a detail-oriented and disciplined administrator to support and grow our draw function focused on residential real estate lending. You’ll be a part of a fast-paced environment, interacting closely with Tier One’s accounting/finance team and internal lending ops teams. The ideal candidate thrives in a start-up environment, with the ability to scope and execute projects and tasks independently with high attention to detail. You’ll need to have strong interpersonal and analytical skills. This position is responsible for monitoring and processing construction loan draws from loan origination to the completion of the construction project. Responsibilities include, but are not limited to, reviewing the draw requests, budgets and document verifications, scheduling inspections and maintaining accurate records of all draws. The Draw Administrator works closely with the feasibility analyst, borrower, contractor/vendors and inspector to coordinate draw funding. Other duties as assigned.

Requirements

Experience with budgeting, Construction Management and/or Real Estate Development.
1-2 years of experience as a Draw Administrator preferred.
Prior banking and/or lending support experience preferred.
Bachelor’s degree or 4 years of relevant job experience preferred.
Strong quantitative and analytical skills; proficiency in Excel
Excellent written and verbal communication skills
Detail-oriented with strong organizational skills and the ability to manage multiple priorities.
Integrity & Attention to Detail – Exercises high ethical standards, discretion, and precision when reviewing financial documentation and approving fund disbursements.
Adaptability & Systems Agility – Quickly learns and implements new procedures, platforms, and operational processes in a dynamic environment.
Time Management & Prioritization – Effectively manages competing deadlines to ensure draw reviews, approvals, and fundings are completed accurately and on schedule.
Accuracy & Verification – Consistently validates draw amounts, supporting documentation, holdbacks, and funding instructions to ensure all disbursements are accurate, complete, and properly supported before funds are released.
Communication & Customer Service Excellence – Demonstrates strong written and verbal communication skills with a proactive, service-oriented approach when working with borrowers, vendors, and internal teams.

Responsibilities

Serve as the primary point of contact for borrowers regarding construction holdbacks and draw processes
Monitor and manage the [email protected] inbox, ensuring timely response to all draw requests
Schedule and coordinate property inspections with approved third-party inspection vendors
Act as liaison between borrowers and inspection companies to ensure timely site visits
Review inspection reports for accuracy, completeness, and alignment with requested draw amounts
Provide feedback to vendors when clarifications or report improvements are required
Review project budgets, invoices, lien waivers, and supporting documentation to validate draw eligibility
Evaluate inspection findings against submitted documentation to confirm work completion
Analyze remaining loan funds and construction budgets to determine appropriate disbursement amounts
Exercise sound judgment to ensure funds are released in accordance with project progress and loan guidelines
Coordinate with Accounting/Finance to facilitate timely and accurate funding of approved draws
Verify wire instructions, funding amounts, and borrower details prior to disbursement
Ensure all funding transactions comply with internal controls and lending requirements
Maintain accurate and up-to-date records of all draw activity and borrower status
Input and update draw information within internal company systems and servicing platforms
Generate reporting as needed to track construction progress, fund utilization, and draw history
Support the Controller and Operations team with additional lending, servicing, or administrative projects as needed
Assist with process documentation, workflow improvements, and system updates to enhance efficiency and scalability
Provide reporting and data analysis support related to loans
Step in to support adjacent operational functions during periods of high volume or team growth