Residential Construction Project Analyst

The Federal Savings Bank is a federally chartered veteran-owned bank specializing in residential mortgage lending. Due to continued growth in our construction lending business we are expanding our team and seeking an experienced Residential Construction Project Analyst.

The Residential Construction Project Analyst is responsible for evaluating residential construction projects to determine feasibility budget sufficiency and overall project viability. This role reviews construction contracts builder proposals bids plans specifications appraisals and supporting documentation to ensure projects can be completed within available funding and meet bank requirements.

The ideal candidate combines residential construction expertise with strong analytical skills and attention to detail. This position plays a critical role in protecting collateral quality identifying budget deficiencies and supporting construction lending decisions.

This role may be a great fit for professionals with experience such as:

• Residential Construction Estimator
• Construction Project Manager
• Home Builder Superintendent
• Construction Underwriter
• Construction Loan Administrator
• Residential Appraiser
• Appraisal Reviewer
• Cost Analyst
• Construction Consultant

This position is based in our Chicago/Logan Square headquarters. Qualified candidates should reside a commutable distance at the time of application and be available to work a hybrid schedule (3 days in-office/2 days remote).

Duties and Responsibilities:

Project Feasibility & Budget Analysis:

• Review construction contracts builder proposals budgets plans specifications bids and related project documentation
• Analyze residential construction projects to determine whether proposed budgets adequately support project completion
• Evaluate labor material contingency site development and other project costs for completeness and reasonableness
• Review appraisals and supporting documentation to validate project scope and consistency
• Identify budget gaps cost overruns omissions or construction-related issues that could impact project completion
• Assess project feasibility based on construction methods timelines scope and available funding
• Review and process a high volume of construction projects while maintaining quality and service standards

Collaboration & Communication:

• Communicate project findings requirements and deficiencies clearly and professionally
• Work directly with builders borrowers appraisers inspectors and internal stakeholders to obtain required documentation
• Provide recommendations regarding project budgets feasibility concerns and construction risks
• Assist in resolving project issues and obtaining budget revisions when needed

Pipeline Management:

• Effectively manage a high-volume pipeline while meeting established service levels
• Prioritize competing deadlines and maintain organized project documentation
• Support ongoing process improvements and operational initiatives within Construction Lending

Experience:

• Experience in: residential or commercial construction construction estimating construction lending appraisal review or collateral underwriting cost analysis project management or a related field
• Experience reviewing residential construction budgets cost estimates plans or project documentation
• Experience managing multiple projects or a high-volume workflow
• Experience working with various residential property types
• Strong understanding of residential construction methods sequencing materials and costs
• Ability to interpret construction drawings blueprints specifications and site plans
• Knowledge of construction budgeting estimating and cost analysis techniques
• Proficiency with Microsoft Office Suite particularly intermediate/advanced proficiency with Excel

Professional Competencies:

• Exceptional attention to detail and accuracy
• Strong organizational and time-management skills
• Ability to manage multiple priorities in a fast-paced environment
• Critical thinking and analytical problem-solving abilities
• Ability to identify inconsistencies and proactively resolve issues
• Sound judgment and decision-making skills

Communication Skills:

• Excellent verbal and written communication skills
• Comfortable engaging frequently with internal and external stakeholders via phone and video meetings
• Ability to build strong relationships with bankers builders borrowers and business partners
• Professional presence with a customer-focused approach

Compensation:

• Annual base salary: $70000 - $90000

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
• Onsite garage parking for employees in Chicago office
• 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.