Construction Draw Administrator

We are looking for a motivated and detail-oriented Construction Loan Draw Specialist to join our team. This role is essential in overseeing the construction draw process for borrowers, ensuring accurate inspections, funding approvals, and risk mitigation. The ideal candidate will possess excellent organizational and communication skills, a strong understanding of construction budgets, and the ability to collaborate effectively. Key Responsibilities: Draw Process Management • Oversee the entire construction draw process for borrowers, ensuring smooth and timely funding. • Monitor project budgets and track expenditures to ensure funds are properly allocated. • Communicate and educate borrowers about inspection and draw procedures to facilitate understanding and efficiency. • Serve as the primary point of contact for borrowers, inspectors, project managers, and other involved parties. Inspection Coordination and Review • Monitor inspection requests to ensure timely and accurate evaluations. • Review inspection reports to verify that work has been completed as per the budget and ensure accurate funding. • Adjust inspection reports as needed to fairly evaluate completed work. Risk Management • Identify and mitigate financial risks in the draw process, such as potential shortfalls, overpayments, or contingency requests. • Report budget reallocations or funding concerns to management for review. • Collaborate with capital partners to submit reimbursement requests for funded draws.

Created: 2025-01-30