Residential Construction Project Analyst

Socket.dev; Chicago (IL); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

HSA/FSA plan options

Life Insurance

401k with partial match

PTO and holidays

Parking (on-site)

Training opportunities

Education Reimbursement

Employee Home Loan Discount

Employee recognition

Job summary

The Federal Savings Bank is seeking a Residential Construction Project Analyst to evaluate construction projects for feasibility, budgeting, and viability. You will review contracts, bids, plans, appraisals, and supporting docs to ensure funding sufficiency and compliance with bank requirements.

The role emphasizes collaboration with builders, borrowers, appraisers, and internal stakeholders, while managing a high-volume pipeline in a hybrid Chicago schedule.

Qualifications

• Experience in residential or commercial construction and budgeting.
• Experience reviewing budgets, plans, and project documentation.
• Ability to manage multiple projects in a high-volume workflow.
• Strong understanding of residential construction methods and costs.
• Excellent Excel skills and Microsoft Office proficiency.

Responsibilities

• Review contracts, proposals, budgets, plans, and bids to assess feasibility.
• Analyze costs and budgets to ensure project completion within funding.
• Communicate findings to builders, borrowers, appraisers, and stakeholders.
• Manage a high-volume project pipeline with quality standards.
• Support process improvements in Construction Lending.

Skills

Residential construction

Construction lending

Budget analysis

Excel proficiency

Project management

Communication

Tools

Microsoft Office Suite

Job description

Description

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

Requirements

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: $70,000 - $90,000

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.