Construction Draw Administrator

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

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.

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