Sr. Construction Draw Specialist

Overview

We are seeking a meticulous Senior Construction Draw Specialist. The Senior Construction Draw Specialist will manage and coordinate the processing, approval, and disbursing of construction draw requests for the bank’s commercial and residential construction loans. The role will require the review of construction statements, draw requests, invoices, insurance documents, and certain loan closing documents; ensure open communication with staff, clients, and third-party vendors;

provide a review and validation of draw requests and coordinate the disbursement of the draws.

• Review sworn construction statements to ensure consistency with loan approvals and accuracy of draw schedules
• Coordinate draw request communication between client, lender, title company, participant banks and loan servicing staff
• Collect, review, and analyze draw request documentation for internal loan file
• Collect, review, and analyze lien waivers prior to construction draw disbursement to ensure priority lien positions
• Monitor project invoices and construction budgets to ensure construction projects remain in-balance and meet the standards set within loan approvals and appraisals
• Order and review third-party property inspections to ensure construction project remains on-schedule; completion of property inspections as needed
• Assist with problem resolution and change orders for construction projects, if applicable
• Organize and prepare draw request package for submission for disbursement
• Communicate with participant banks regarding construction budgeting, documentation, and funding
• Prepare ongoing risk management reports regarding construction draws as requested
• Develop and maintain accurate records for draw projects for Credit and Lending groups
• Adhere to the bank’s policies, procedures, security requirements and government regulations including (but not limited to) BSA

• Bachelor’s degree in finance, economics, business, or related field
• 3+ years of Commercial Construction Loan Processing and/or Disbursement Experience
• Superior analytical/reasoning skills
• Proficiency in Microsoft Word, Excel, PowerPoint, and Outlook
• Excellent written, verbal, and interpersonal communication skills
• Effective interpersonal and communications (written and verbal) skills
• High attention to detail and in-depth knowledge of construction loan draws requests and disbursements

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank. We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long.

People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us?

The typical annual/hourly base pay range for this role is between $63,700 - $75,200. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

Please Note
The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt