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How much do bank draw inspection jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for bank draw inspection in the United States is $23.75, according to ZipRecruiter salary data. Most workers in this role earn between $14.42 and $26.68 per hour, depending on experience, location, and employer.

What does a bank draw inspection do?

A typical day in Bank Draw Inspection involves visiting active construction sites to verify progress, ensuring that completed work aligns with the draw request and project timeline. Inspectors document findings through photos, written reports, and checklists, often using mobile apps or software to streamline the process. You’ll interact regularly with project managers, general contractors, and lending officers to address discrepancies and clarify next steps. This role requires a mix of fieldwork and administrative reporting, offering variety and the chance to directly impact project success.

How to become a bank draw inspector?

To become a bank draw inspector, candidates typically need a high school diploma or equivalent, along with experience in banking, finance, or inspection roles. Relevant skills include attention to detail, knowledge of banking procedures, and sometimes certifications in quality control or compliance. On-the-job training is common, and familiarity with inspection tools and reporting software can be beneficial.

What is a bank draw inspection?

A Bank Draw Inspection job involves assessing the progress of a construction project before a lender releases funds. Inspectors visit job sites to verify completed work aligns with the payment request. They document findings with photos and reports to ensure accuracy. This helps lenders manage risk and ensures funds are used appropriately.

What are the key skills and qualifications needed to thrive in the bank draw inspection position?

To excel in Bank Draw Inspection, you need a strong understanding of construction processes, attention to detail, and familiarity with lending requirements, often supported by experience in construction management or inspection. Competence with digital reporting tools, inspection checklists, and sometimes certifications like ICC Residential/Commercial Inspector can be advantageous. Strong communication, time management, and negotiation skills allow you to effectively coordinate between contractors, lenders, and property owners. These capabilities ensure accuracy in progress tracking, timely fund disbursements, and successful project completion.

More about Bank Draw Inspection jobs
What cities are hiring for Bank Draw Inspection jobs? Cities with the most Bank Draw Inspection job openings:
What are the most commonly searched types of Bank Draw Inspection jobs? The most popular types of Bank Draw Inspection jobs are:
What states have the most Bank Draw Inspection jobs? States with the most job openings for Bank Draw Inspection jobs include:
What job categories do people searching Bank Draw Inspection jobs look for? The top searched job categories for Bank Draw Inspection jobs are:
Bank Draw Inspection jobs near you
Infographic showing various Bank Draw Inspection job openings in the United States as of August 2026, with employment types broken down into 95% Full Time, and 5% Temporary. Highlights an 85% In-person, 10% Hybrid, and 5% Remote job distribution, with an average salary of $49,395 per year, or $23.7 per hour.

Residential Construction Draw Administrator (Temporary 3-month Assignment)

Old Second National Bank

Aurora, IL • Hybrid

$24 - $30/hr

Temporary

Re-posted 20 days ago

Old Second National Bank rating

6.7

Company rating: 6.7 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

137th of 171 rated banks

Job description

Who We Are

At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!

Residential Construction Draw Administrator
Assignment Duration: 3 months
Work Schedule: 8:00 AM – 5:00 PM
Weekly Hours: 40
Location: Aurora, IL (37 S. River Street)

Position Overview

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.

Minimum Requirements

  • High School diploma (or equivalent) and two or more years of retail banking and/or bank operations experience; or equivalent combination of education and experience.

Competencies

  • Strong verbal and written communication skills.
  • Proficient in Excel, general banking technology (construction draw systems, wire platforms), with the 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.

Preferred, but not required

  • Experience with Jack Henry (core banking system).


Note: This job description is not intended to be all-inclusive. Employee may perform other duties as assigned to meet the ongoing needs of the organization.

Location Details

This position is considered a hybrid role, onsite work will be performed at the Aurora, IL office (37 S. River Street). With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs.

Compensation & Benefits

Base pay: $24.00 - 30.00/hour.

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent's knowledge, skills and experience.

Benefits: How We Support You - Old Second

Thanks for considering Old Second!

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