[Hiring] Construction Draw Administrator @Tier One Funding

Role Description

We are seeking a detail oriented and disciplined administrator to support and grow our draw function focused on residential real estate lending. You’ll be a part of a fast-paced environment, interacting closely with Tier One’s accounting/finance team and internal lending ops teams. The ideal candidate thrives in a start-up environment, with the ability to scope and execute projects and tasks independently with high attention to detail. You’ll need to have strong interpersonal and analytical skills. This position is responsible for monitoring and processing construction loan draws from loan origination to the completion of the construction project.

• Reviewing draw requests, budgets, and document verifications
• Scheduling inspections
• Maintaining accurate records of all draws
• Coordinating draw funding with feasibility analyst, borrower, contractor/vendors, and inspector
• Other duties as assigned

Qualifications

• Experience with budgeting, Construction Management and/or Real Estate Development
• 1-2 years of experience as a Draw Administrator preferred
• Prior banking and/or lending support experience preferred
• Bachelor’s degree or 4 years of relevant job experience preferred
• Strong quantitative and analytical skills; proficiency in Excel
• Excellent written and verbal communication skills
• Detail-oriented with strong organizational skills and the ability to manage multiple priorities

Requirements

• Serve as the primary point of contact for borrowers regarding construction holdbacks and draw processes
• Monitor and manage the [email protected] inbox, ensuring timely response to all draw requests
• Schedule and coordinate property inspections with approved third-party inspection vendors
• Act as liaison between borrowers and inspection companies to ensure timely site visits
• Review inspection reports for accuracy, completeness, and alignment with requested draw amounts
• Provide feedback to vendors when clarifications or report improvements are required
• Review project budgets, invoices, lien waivers, and supporting documentation to validate draw eligibility
• Evaluate inspection findings against submitted documentation to confirm work completion
• Analyze remaining loan funds and construction budgets to determine appropriate disbursement amounts
• Exercise sound judgment to ensure funds are released in accordance with project progress and loan guidelines
• Coordinate with Accounting/Finance to facilitate timely and accurate funding of approved draws
• Verify wire instructions, funding amounts, and borrower details prior to disbursement
• Ensure all funding transactions comply with internal controls and lending requirements
• Maintain accurate and up-to-date records of all draw activity and borrower status
• Input and update draw information within internal company systems and servicing platforms
• Generate reporting as needed to track construction progress, fund utilization, and draw history
• Support the Controller and Operations team with additional lending, servicing, or administrative projects as needed
• Assist with process documentation, workflow improvements, and system updates to enhance efficiency and scalability
• Provide reporting and data analysis support related to loans
• Step in to support adjacent operational functions during periods of high volume or team growth

Benefits

• Competitive cash salary (commensurate with experience)
• Performance-based incentive opportunity
• Competitive and comprehensive health benefits
• Remote flexibility