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Construction Draw Processor Jobs (NOW HIRING)

Morguard

Construction Accountant

Pompano Beach, FL · On-site

$59K - $78K/yr

The position includes job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of quarterly and annual financial ...

Morguard

Construction Accountant

Pompano Beach, FL · On-site

$59K - $78K/yr

This role includes construction loan requisitions, job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of ...

Celtic Bank

Construction Loan Admin

Salt Lake City, UT · On-site

The ideal Construction loan Administrator candidate has some experience with processing and/or preparing draw requests in a lending environment or accounts payable in a general contractor environment ...

Celtic Bank

Construction Loan Admin

Salt Lake City, UT · On-site

The ideal Construction loan Administrator candidate has some experience with processing and/or preparing draw requests in a lending environment or accounts payable in a general contractor environment ...

Celtic Bank

Construction Loan Admin

Salt Lake City, UT · On-site

The ideal Construction loan Administrator candidate has some experience with processing and/or preparing draw requests in a lending environment or accounts payable in a general contractor environment ...

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How much do construction draw processor jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for construction draw processor in the United States is $16.74, according to ZipRecruiter salary data. Most workers in this role earn between $13.46 and $19.23 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Construction Draw Processor, and why are they important?

To thrive as a Construction Draw Processor, you need strong knowledge of construction project management, finance, and documentation, typically supported by experience in real estate or construction administration. Familiarity with draw management software (such as Procore or Textura), Excel, and document control systems is essential. Attention to detail, organizational skills, and effective communication are standout soft skills for coordinating with contractors, lenders, and project managers. These abilities are crucial for ensuring accurate, timely disbursement of funds and maintaining compliance throughout the construction process.

What are the main challenges a Construction Draw Processor faces when coordinating between contractors, lenders, and project managers?

A Construction Draw Processor often encounters challenges in managing tight deadlines while ensuring the accuracy of documentation submitted by contractors and vendors. Coordinating between multiple stakeholders—such as contractors, lenders, and project managers—requires strong organizational and communication skills, as discrepancies or delays in paperwork can impact project timelines and funding disbursements. Additionally, staying updated on compliance requirements and maintaining meticulous records are critical for avoiding costly errors and ensuring smooth project progress.

What are Construction Draw Processors?

Construction Draw Processors are professionals responsible for managing and processing payment requests, or 'draws,' on construction projects. They act as intermediaries between lenders, contractors, and project owners to ensure that funds are released according to project milestones and contractual agreements. Their duties include reviewing draw requests, verifying documentation, monitoring project progress, and ensuring compliance with financial and legal requirements. This role is crucial for maintaining cash flow and accountability throughout a construction project.

What is the difference between Construction Draw Processor vs Construction Estimator?

AspectConstruction Draw ProcessorConstruction Estimator
CredentialsTypically requires a high school diploma or equivalent; some roles prefer certifications in construction or project managementOften requires a degree in construction management, civil engineering, or related fields; certifications like CMAA or RICS are common
Work EnvironmentOffice-based, working closely with project managers and contractors to process draw requestsOffice or field-based, preparing cost estimates and analyzing project bids
Employer & Industry UsageUsed by construction companies, contractors, and project management firmsUsed by construction firms, consulting agencies, and project owners

While both roles are integral to construction projects, a Construction Draw Processor primarily manages and processes payment requests based on project progress, ensuring funds are released correctly. In contrast, a Construction Estimator focuses on calculating project costs and preparing bids before construction begins. Understanding these differences helps clarify career paths and job expectations within the construction industry.

Infographic showing various Construction Draw Processor job openings in the United States as of May 2026, with employment types broken down into 4% As Needed, 81% Full Time, 4% Part Time, and 11% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $34,822 per year, or $16.7 per hour.
Construction Accountant

Construction Accountant

Morguard

Pompano Beach, FL • On-site

$59K - $78K/yr

Full-time

Medical, Retirement, PTO

Posted 8 days ago

Morguard rating

7.5

Company rating: 7.5 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

78th of 153 rated real estate companies

Job description

Company Description
Morguard is a fully integrated real estate company. We strategically invest in high-quality, well-located, multifamily assets across North America and our onsite teams are critical to our Communities' success.
Job Description
PURPOSE
The Construction Accountant is responsible for accounting and reporting activities related to residential and commercial renovation and development projects. This role works across multiple departments and is the liaison between construction, asset management and accounting. The position includes job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of quarterly and annual financial reports and work papers in accordance with GAAP and IFRS. The position reports to the Senior Vice President with additional oversight and reporting responsibilities to the Divisional Controller.
This is a hands-on individual contributor role responsible for ensuring all construction-related activity is accurately recorded, reconciled, reported, and analyzed to enhance performance.
Qualifications
DUTIES AND RESPONSIBILITIES
Construction Accounting
  • Manage the full cycle job costing across all active construction projects, including cost coding, budget allocation, and variance tracking
  • Prepare and process AIA billing documentation (G702/G703) and other standard forms for development projects
  • Prepare construction draw packages for lender submission, including supporting schedules, invoices, and lien waivers
  • Reconcile construction draws against project budgets, loan advances, and general ledger entries
  • Track and reconcile retention payable and receivable across active projects
  • Process subcontractor and vendor payments, including verification of insurance, lien waivers, and contract compliance
  • Maintain budget-to-actual reporting at the project level and identify cost variances
  • Support the timely capitalization and placement into service of completed projects
  • Partner with internal teams to monitor redevelopment and new project progress

Financial Reporting
  • Liaison with Property Accounting Team to facilitate construction-related journal entries, including accruals, reclassifications, and intercompany entries
  • Support monthly and quarterly close processes for entities with construction activities
  • Ensure all transactions are recorded in accordance with company accounting policies, procedures, and close timelines
  • Prepare recurring and ad hoc reports related to project and capital activity
  • Assist with accounting support for acquisitions, dispositions, leasing activity, and quarterly close processes

Systems, Process Support and Project Analytics
  • Work within Yardi Job Cost and Construction Manager to maintain accurate project cost coding and reporting
  • Develop and support construction draw processing SOPs and continuous workflow improvements
  • Develop and generate project management reports to track hard and soft costs including materials, labor, time, interest, and loss of rents.
  • Conduct project performance analysis and reporting to enhance outcomes
  • Assist with system clean-up, data validation, and maintenance of construction-related accounts
  • Identify opportunities to improve accounting processes, workflows, and reporting efficiency

Collaboration & Communication
  • Serve as a key accounting contact for construction and development-related inquiries
  • Coordinate with project managers, development teams, lenders, contractors, and internal stakeholders
  • Communicate proactively regarding cost overruns, draw discrepancies, and process gaps
  • Escalate unusual transactions or accounting issues appropriately
  • Contribute to broader portfolio-wide capital initiative oversight efforts
  • Support special projects assigned by management

This role is intended to be a long-term position supporting the continued growth of the construction and development pipeline. Success is measured by draw accuracy, general ledger integrity, close timeliness, proactive communication regarding project cost variances, and leveraging analytics to improve operational performance.
REQUIREMENTS
  • 5+ years of accounting experience, including 2-4+ years in construction accounting (real estate development or general contractor environment preferred)
  • Hands-on experience with AIA billing (G702/G703), construction draw processing, and job costing
  • Familiarity with retention tracking, lien waiver processing, and subcontractor payment workflows
  • Experience in a multi-entity or multi-project environment preferred
  • Strong attention to detail, organization, and execution
  • Ability to work independently while collaborating closely with accounting leadership
  • ERP experience required; Yardi Job Cost and Construction Manager strongly preferred
  • Proficiency in Excel, Power BI, IntelAgree, Copilot AI, and SharePoint is strongly preferred
  • Experience with Sage 300 CRE, Procore, or NetSuite is a plus
  • CPA preferred

Additional Information
Why you should join Morguard
At Morguard, our employees are our greatest investment. We make people our priority and strive to create a culture of respect, health and safety, and equal opportunity to support employees to meet their goals.
When you join Morguard, you join a strong and committed team and will have access to:
  • Employer Provided Medical Insurance Options
  • Excellent culture that supports a work-life balance with time off for Summer Hours, Vacation, Personal, Sick Leave, and Paid Holidays
  • Education Reimbursement Program
  • Dollar for dollar matching 401k Savings Plan with immediate vesting
  • Opportunity to live onsite within portfolio with our Employee Discount

All job offers are subject to a pre-employment drug test and criminal/credit background check.
*Morguard is an equal opportunity employer
+This job description is intended to describe the nature and level of work being performed by individuals assigned to this position. It is not an exhaustive list of all responsibilities required of the job. Job descriptions may also be rewritten periodically to reflect any changes in the position's duties.
Morguard is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.
Morguard participates in the E-Verify program to confirm eligibility to work in the United States.
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