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Construction Draw Processor Jobs (NOW HIRING)

Lincoln Capital

Construction Administrator

Dallas, TX · On-site

... construction loan draw reviews and approvals, ensuring all disbursements comply with internal policies and SBA requirements. • Review and process funding requests, including lien waivers ...

DAKOTA PARTNERS INC

Development Accountant

Waltham, MA · Hybrid

$66K - $87K/yr

This position is primarily responsible for all development accounting including project cost tracking and reporting and processing of project AP and construction draw process. The ideal candidate ...

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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 Loan Monitoring Draw Manager

Construction Loan Monitoring Draw Manager

Wintrust

Rosemont, IL • On-site

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 15 days ago

Wintrust rating

8.0

Company rating: 8.0 out of 10

Based on 20 frontline employees who took The Breakroom Quiz

54th of 141 rated banks

Job description

Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why Join Us?
  • An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years).
  • Competitive pay and discretionary or incentive bonus eligible
  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few.
  • Family-friendly work hours.
  • With 175+ community bank locations, we offer opportunities to grow and develop in your career.
  • Promote from within culture.

Why join this team?
  • We are seeking a critical thinker with the ability to adapt to emerging risks and regulatory changes.
  • Gain experience and further your career by joining a growing organization.

What you'll do:
The Construction Loan Monitoring Draw Manager will primarily be responsible for the monitoring and risk management of commercial construction loans and draw requests. The primary function of this role is to review post-closing construction draw requests, as well as facilitating pre-close document collection and third-party cost/documentation reviews. The Construction Loan Monitoring Draw Manager will be responsible for verifying a balanced budget throughout construction; the Bank's title position is maintained throughout construction; ensure the project is completed within the anticipated/expected timeframe; and the project adheres to the construction loan agreement and credit policy conditions.
  • Primary responsibility for reviewing and recommending construction loan draw requests. The Commercial Draw Manager will review post-closing construction loan draw requests for balanced budgets, input draw requests into Wintrust's proprietary system, review budget reallocations for appropriateness, and verify sufficient funding sources for project completion throughout the life of the project/loan.
  • Responsibility for monitoring loan proceeds and equity contributions during construction funding and communicating when additional funds may be needed.
  • Leadership and clear communication in working with Borrowers, Developers, Contractors, Lenders, and Credit Officers to provide solutions and resolve issues that arise during the construction funding process.
  • Working with inspectors and title companies throughout the construction funding process.
  • Responsible for collection and review of pre-construction documentation.
  • Responsible for ordering and reviewing third-party Cost and Documentation Reviews.
  • Provide support to other Draw Managers and colleagues on a variety of tasks related to the construction loan monitoring function. These include assisting others with draw requests, credit policy and procedures, updating pipeline reports, verifying insurance coverage remaining in place, and general related tasks as requested.
  • Organized retention systems for all supplemental documentation and information related to all assigned construction loans/projects.

Qualifications:
  • 3 years plus Commercial construction lending or underwriting with a financial institution; or title company escrow officer; or commercial real estate (CRE) developer; or accounting/bookkeeping with a general contractor.
  • Direct experience in commercial construction loan underwriting / funding / disbursement experience is a plus.
  • Must be highly proficient with MS Excel.
  • Understanding of basic construction processes and risks.
  • Experience with construction funding in multiple states is a plus.
  • Strong analytical and problem-solving skills.
  • Ability to communicate and collaborate with several different stakeholders, including Borrowers/Clients, Lending and Credit Teams, contractors, inspectors, title companies, etc.
  • Self-motivated to meet deadlines.

Benefits:
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation:
The estimated annual salary range for this role is $71,000-$92,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
#LI-Onsite
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.

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