Residential Construction Draw Administrator (Temporary 3-month Assignment)

Old Second National Bank•Aurora, IL

7d•$24 - $30•Hybrid

About The Position

The Residential Construction Draw Administrator is a temporary role responsible for managing residential construction loan draw process, ensuring timely and compliant disbursement of funds throughout the construction lifecycle. Reviews and processes draw requests, validating supporting documentation such as inspections, lien waivers, title updates, and budget breakdowns to confirm alignment with approved loan terms and construction progress. Coordinates closely with title companies and utilizes wire systems to facilitate funding, ensuring proper communication, accuracy of disbursements, and adherence to established procedures. Coordinates with builders, borrowers, and internal lending teams to verify accuracy of payments and resolve discrepancies. Maintains construction tracking systems, ensures required documentation is complete, and proactively identifies and addresses funding or compliance issues related to construction progress and disbursements. Provides additional operational support including participation loan assistance, processing transactions, posting payments and advances, initiating wires, and coordinating with participating banks to ensure accurate and seamless funding execution.

Requirements

High School diploma (or equivalent)
Two or more years of retail banking and/or bank operations experience
Proficient in Excel
Proficient in general banking technology (construction draw systems, wire platforms)
Ability to quickly learn and adapt to new systems and tools
Collaborative team player who partners effectively across departments
Ability to learn, understand, and apply information and policies
Flexible and responsive, able to manage shifting priorities and deadlines

Nice To Haves

Experience with Jack Henry (core banking system)

Responsibilities

Manage residential construction loan draw process, ensuring timely and compliant disbursement of funds.
Review and process draw requests, validating supporting documentation (inspections, lien waivers, title updates, budget breakdowns).
Coordinate with title companies and utilize wire systems for funding.
Ensure proper communication, accuracy of disbursements, and adherence to procedures.
Coordinate with builders, borrowers, and internal lending teams to verify payment accuracy and resolve discrepancies.
Maintain construction tracking systems and ensure documentation completeness.
Proactively identify and address funding or compliance issues.
Provide operational support including participation loan assistance, processing transactions, posting payments and advances, initiating wires, and coordinating with participating banks.