Residential Construction Project Analyst

The Federal Savings Bank; Chicago (IL); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Medical, Dental, and Vision insurance

401k with partial match

Education Reimbursement

Employee Home Loan Discount Program

Paid time off & holidays

Job summary

The Federal Savings Bank is seeking a Residential Construction Project Analyst to evaluate feasibility, budgets, and overall viability of residential construction projects from plans, bids, and appraisals in our Chicago headquarters.

The role involves reviewing contracts, budgets, and documentation, identifying cost overruns, and supporting lending decisions with thorough analysis. Hybrid work (3 in-office/2 remote) is available for candidates residing near Chicago.

Qualifications

• Experience in residential or commercial construction, budgeting, and project documentation.
• Ability to interpret construction drawings, blueprints, and specs.
• Proficiency with Microsoft Office, especially Excel.

Responsibilities

• Review contracts, builder proposals, budgets, plans, bids, and related documentation.
• Analyze budgets to ensure funding sufficiency for project completion.
• Identify budget gaps, costs, and risks affecting timelines.
• Communicate findings and recommendations to stakeholders.
• Manage a high-volume project pipeline and maintain documentation.

Skills

Residential construction

Budget analysis

Contract review

Excel proficiency

Attention to detail

Time management

Stakeholder communication

High-volume workflow

Tools

Microsoft Excel

Office Suite

Job 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:

• Construction Project Manager
• Construction Loan Administrator
• 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
• 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
• 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
• 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.