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Real Estate Construction Draw Administrator Jobs

PRIME GROUP

Construction Draw Specialist

Hollywood, FL · On-site

$63K - $74K/yr

Minimum of 2 years of experience in construction accounting and construction/loan draw processes, preferably with a real estate developer * Proficiency in all details of the loan draw process with ...

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Real Estate Construction Draw Administrator information

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$32.5K

$65.8K

$99.5K

How much do real estate construction draw administrator jobs pay per year?

As of Sep 15, 2026, the average yearly pay for real estate 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 real estate construction draw administrator?

Real Estate Construction Draw Administrators are professionals who manage and process draw requests for construction loans on real estate projects. They review documentation from contractors and project managers, verify that project milestones are met, and ensure that funds are disbursed according to the loan agreement. Their work helps safeguard both lenders and borrowers by confirming that construction advances are justified and compliant with contractual terms. Additionally, they may coordinate inspections, track budgets, and maintain records throughout the construction process.

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

To thrive as a Real Estate Construction Draw Administrator, you need a solid understanding of construction financing, draw processes, and project management, often supported by experience in real estate, finance, or construction administration. Familiarity with loan servicing software, spreadsheet applications like Excel, and document management systems is typically required. Attention to detail, strong organization, and effective communication skills are crucial soft skills for coordinating between lenders, contractors, and clients. These abilities are vital to ensure accurate fund disbursement, regulatory compliance, and smooth project progress.

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

Real Estate Construction Draw Administrators often encounter challenges such as managing tight timelines, ensuring accuracy in documentation, and coordinating between multiple stakeholders like contractors, lenders, and project managers. Navigating discrepancies in submitted invoices or incomplete paperwork can also be demanding. To manage these challenges, administrators typically implement robust tracking systems, maintain clear communication channels, and develop a thorough understanding of construction and lending processes. Staying organized and proactive in identifying potential issues early greatly contributes to success in this role.

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

AspectReal Estate Construction Draw AdministratorReal Estate Project Coordinator
CredentialsTypically requires construction or real estate finance certificationsOften holds project management or real estate certifications
Work EnvironmentWorks closely with lenders, contractors, and finance teams on draw requestsCoordinates project schedules, communications, and documentation
Employer & Industry UsageCommon in real estate development and construction finance firmsUsed across real estate development, brokerage, and management companies

The Real Estate Construction Draw Administrator primarily manages draw requests and financial documentation related to construction projects, focusing on funding and compliance. In contrast, the Real Estate Project Coordinator handles overall project coordination, scheduling, and communication. While both roles require knowledge of real estate processes, the Draw Administrator emphasizes financial and construction documentation, whereas the Coordinator focuses on project logistics and stakeholder communication.

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

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

Infographic showing various Real Estate Construction Draw Administrator job openings in the United States as of September 2026, with employment types broken down into 100% Full Time. Highlights an 96% In-person, and 4% Remote job distribution, with an average salary of $65,801 per year, or $31.6 per hour.

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

This job post has expired today. Applications are no longer accepted.

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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