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