Construction Draw Administrator

Overview

Manage construction draw requests, fund disbursements, and compliance for projects.

Key Responsibilities

• draw review
• site inspection
• payment processing
• reporting
• compliance check
• risk mitigation

Tasks

-Collaborating with company leaders in the execution of special projects, new programs, and ad-hoc requests as needed. -Verify that the work claimed in the draw request has been completed, by conducting site inspections or coordinating with third-party inspectors. -Ensure that payments are made accurately and on time to avoid project delays. -Provide regular reports to stakeholders such as lenders, investors, and project owners. -Ensure that the projects comply with contractual agreements, local regulations, and industry standards, including verifying that all necessary permits are in place and that the work adheres to the approved project plans. -Reviewing client communication, documents, and draw requests for accuracy and compliance with borrower guidelines -Review requests for funds (draw requests) submitted by contractors or developers. These requests usually include detailed documentation of the work completed, expenses incurred, and any supporting invoices or receipts. -Identify and mitigate potential risks associated with the disbursement of funds. -Ensure that the project stays within budget and address any discrepancies or issues that arise during the construction process. -Monitor the Team's draw request pipeline, and following up with internal/external parties to ensure the process is streamlined -Act as a liaison between various parties involved in the project, including contractors, developers, lenders, and inspectors and ensure communication across the team to ensure that everyone is informed about any issues that need to be addressed. -Manage the schedule and amount of fund disbursement based on the project's progress and the terms of the construction loan or financing agreement. -Maintain detailed and accurate records of all transactions, draw requests, approvals, and payments. -Monitor the company's client portal for client questions & new construction draw requests Leveraging technology to download & manage draw request files, and following up with clients for missing information or incomplete documentation

Requirements

• pmp
• procore
• quickbooks
• bachelor's
• regulations
• communication

What You Bring

-Expert knowledge of local, state, and federal construction regulations, building codes, and industry standards. -Professional certifications such as the Certified Construction Manager (CCM), Project Management Professional (PMP), or other relevant certifications can enhance a candidate's qualifications -High ethical standards and professionalism, as the role involves handling significant financial transactions and sensitive information. -Full-time, 40 hours per week; must be available for occasional overtime. -Proficiency in relevant software such as construction management software (e.g., Procore, Buildertrend), financial software (e.g., QuickBooks, Sage), and general office software (e.g., Microsoft Office Suite). -Ability to meticulously review documentation and ensure accuracy in financial transactions and compliance with contracts and regulations. -Experience resolving issues related to project financing, discrepancies in documentation, and compliance challenges. -3-5 years of experience managing or coordinating construction projects, including knowledge of project planning, scheduling, finance, and compliance. -Effective verbal and written communication skills to liaise with contractors, developers, lenders, and other stakeholders. -Strong organizational abilities to manage multiple projects, maintain detailed records, and ensure timely disbursements. -Bachelor's degree in construction management, architecture, engineering, finance, accounting, or a related field is often preferred.

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Benefits

-15% annual bonus -$70,000 - $80,000 per year

About Ascent Developer Solutions

-Backed by Elliott Investment Management, it launched with robust capital to serve U.S. housing markets. -Offers short-term secured loans for acquisition, renovation, construction, and bridge financing. -Targets top-tier single-family, home-builder, and multifamily projects across major U.S. markets. -Boasts in-house teams for construction servicing, valuations, and proprietary data-driven tools. -Led by CEO who previously ran a Goldman Sachs-backed platform, bringing deep bridge-loan expertise.

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