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Construction Draw Administrator Jobs (NOW HIRING)

Steve Austin Construction D.B.A Steve Austin Homes

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Construction Office Manager

Layton, UT · On-site

$17 - $26/hr

... Administrator is responsible for all administrative and financial office functions supporting our new home construction business -- including permit processing, construction draw management, payroll ...

Steve Austin Construction D.B.A Steve Austin Homes

Be Seen First

Construction Office Manager

West Haven, UT · On-site

$17 - $26/hr

... Administrator is responsible for all administrative and financial office functions supporting our new home construction business -- including permit processing, construction draw management, payroll ...

Jobtailor

Construction Loan Administrator

Phoenix, AZ · On-site

Process construction draw requests according to prescribed draw schedules * Create complete draw packages and submit them to residential loan servicing for processing and funding * Maintain ...

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Construction Draw Administrator information

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$32.5K

$65.8K

$99.5K

How much do construction draw administrator jobs pay per year?

As of Sep 14, 2026, the average yearly pay for construction draw administrator in the United States is $65,801.00, according to ZipRecruiter salary data. Most workers in this role earn between $51,000.00 and $79,000.00 per year, depending on experience, location, and employer.

What is a construction draw administrator?

Construction Draw Administrators are professionals responsible for managing and processing draw requests during construction projects. They review and verify payment applications from contractors, ensure all required documentation is submitted, and coordinate with lenders, owners, and contractors to facilitate timely payments. Their role is crucial in maintaining accurate financial records and ensuring that funds are disbursed according to contract terms and project progress.

What are the key skills and qualifications needed to thrive as a construction draw administrator?

To thrive as a Construction Draw Administrator, you need strong organizational skills, attention to detail, and a solid understanding of construction finance or accounting, typically supported by relevant experience or a degree in business, accounting, or construction management. Familiarity with construction management software, draw management platforms, and proficiency in Excel are commonly required, along with knowledge of lien waivers and compliance documentation. Excellent communication, problem-solving, and time-management abilities help facilitate coordination among contractors, lenders, and project managers. These competencies ensure accurate and timely processing of draw requests, reduce financial risks, and support smooth project cash flow management.

What are some common challenges faced by construction draw administrators and how can they be managed effectively?

Construction Draw Administrators often face challenges such as coordinating between multiple stakeholders, ensuring timely documentation, and verifying that all required conditions are met before funds are disbursed. Managing tight deadlines and maintaining accuracy under pressure are also frequent concerns. These challenges can be effectively managed by developing strong organizational systems, maintaining clear communication with contractors, lenders, and project managers, and staying up to date with industry best practices and compliance requirements. Utilizing robust project management software and regularly reviewing procedures can also help streamline the process and minimize errors.

What is the difference between Construction Draw Administrator vs Construction Project Coordinator?

AspectConstruction Draw AdministratorConstruction Project Coordinator
CredentialsTypically requires a degree in construction management or related field, with experience in document controlOften requires similar education, with additional project management certifications preferred
Work EnvironmentOffice-based, handling documentation, and communication with project teamsOffice and site visits, coordinating between teams and contractors
Employer & Industry UsageUsed in construction firms managing project documentation and paymentsCommon in construction firms overseeing project timelines and coordination

The Construction Draw Administrator primarily manages project documentation, including payment draws and change orders, ensuring accuracy and compliance. The Construction Project Coordinator oversees overall project activities, schedules, and communication. While both roles require construction knowledge and coordination skills, the Draw Administrator focuses more on financial documentation, whereas the Coordinator manages broader project operations.

What cities are hiring for Construction Draw Administrator jobs?

Cities with the most Construction Draw Administrator job openings:

What states have the most Construction Draw Administrator jobs?

States with the most job openings for Construction Draw Administrator jobs include:

What are popular job titles related to Construction Draw Administrator jobs?

For Construction Draw Administrator jobs, the most frequently searched job titles are:

Construction Draw Administrator

Chicago, IL • On-site, Remote

The Federal Savings Bank
See more jobs at The Federal Savings Bankexternal

$55K - $80K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 15 days ago

Job description

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


Requirements

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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