Old Second National Bank

Residential Construction Draw Administrator (Temporary 3-month Assignment)

Aurora, Illinois, United States · Contract

Sponsorship not specified$24k-$30kDetected 8 days ago
ExcelCommunication

About the role

  • For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.
  • Residential Construction Draw Administrator Assignment Duration: 3 months Work Schedule: 8:00 AM - 5:00 PM Weekly Hours: 40 Location: Aurora, IL (37 S.

Responsibilities

  • How We Support You - Old Second

Nice to have

  • Coordinates closely with title companies and utilizes wire systems to facilitate funding, ensuring proper communication, accuracy of disbursements, and adherence to established procedures.
  • Coordinates with builders, borrowers, and internal lending teams to verify accuracy of payments and resolve discrepancies.
  • Maintains construction tracking systems, ensures required documentation is complete, and proactively identifies and addresses funding or compliance issues related to construction progress and disbursements.
  • High School diploma (or equivalent) and two or more years of retail banking and/or bank operations experience
  • Strong verbal and written communication skills.
  • Proficient in Excel, general banking technology (construction draw systems, wire platforms), with the ability to quickly learn and adapt to new systems and tools.
  • Ability to learn, understand, and apply information and policies.
  • Experience with Jack Henry (core banking system).

Compensation

  • Old Second is committed to fair and equitable pay practices.

Company info

  • At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
  • Residential Construction Draw Administrator
  • Assignment Duration: 3 months
  • At Old Second, you're first!
  • At Old Second we embrace values that foster an environment of community and growth.
  • Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.
  • Be a part of something big as we continue our growth story together!
  • Work Schedule: 8:00 AM - 5:00 PM
  • Weekly Hours: 40
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  • Position Overview
  • The Residential Construction Draw Administrator is a temporary role responsible for managing residential construction loan draw process, ensuring timely and compliant disbursement of funds throughout the construction lifecycle.
  • Reviews and processes draw requests, validating supporting documentation such as inspections, lien waivers, title updates, and budget breakdowns to confirm alignment with approved loan terms and construction progress.
  • Provides additional operational support including participation loan assistance, processing transactions, posting payments and advances, initiating wires, and coordinating with participating banks to ensure accurate and seamless funding execution.
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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.