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 …
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$70k–$90k/yr
Full-time
Medical insurance, Dental insurance, Vision insurance, HSA plan, FSA plan, Company-paid life insurance
Posted 11h ago
~40 hrs/week
Responsibilities
The Residential Construction Project Analyst evaluates construction projects to determine feasibility, budget sufficiency, and overall project viability. This role involves reviewing contracts, proposals, and plans while collaborating with builders and stakeholders to ensure projects meet bank requirements.
Requirements
Candidates should have experience in residential construction, estimating, lending, or appraisal review, along with strong analytical and organizational skills. Proficiency in Microsoft Excel and the ability to interpret construction drawings and budgets are essential for this role.
Full 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 anequal 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.
We are a federally chartered bank with a focus on educating our customers and providing opportunity for homeownership.
Industry
Financial Services
Company size
1,001-5,000 employees
Founded
2012
Headquarters
Chicago, IL
LinkedIn followers
32,101
Total funding
$31M
As the largest, privately held, veteran owned and operated bank in the country, The Federal Savings Bank focuses on mortgage lending because we know that home is more than just four walls. It’s the foundation for your dreams, memories, and legacy. It's the comfort that comes with stability and the vision of a secure future.
As a federally chartered bank, we are proud to be able to support your homebuying process in all 50 states.
With the strength of a national bank and the heart of a family-owned lender, we carefully match our home lending solutions to your specific financial needs, not everyone else’s.
We’re eager to make your home lending journey as smooth and efficient as possible through cutting-edge technology and personal, one-to-one care.
It’s our privilege to guide you from home loan to welcome home.
NMLS# 411500
The Federal Savings Bank is an Equal Housing Opportunity Co. and member FDIC.
Offices: 4120 W Diversey Ave, Ste C501, Chicago, IL 60639, US · 2907 Butterfield Rd, Ste. 60523, Oak Brook, Illinois 60523, US · 11 Broadway, Ste. 1565, New York, NY 10004, US · 2038 Caribou Dr, Ste. 200, Fort Collins, Colorado 80525, US · 8800 North Gainey Center Dr, Ste. 205, Scottsdale, Arizona 85258, US
VA LoansFHAJumbo LoansFirst Time Home Buyers - 3% Down Loan OptionsFixed Rate MortgagesHECMCDsConventional Loansand Construction LoansFinance
How many Construction jobs are open in Chicago, IL right now?
There are currently 1,570 open construction positions in Chicago, IL listed on Clera. New openings are added daily as companies post roles.
Which companies are hiring for Construction roles in Chicago, IL?
Companies currently hiring include Sargent & Lundy, AECOM, Invenergy, Turner & Townsend, ARCO a Family of Construction Companies, among others. Browse the listings above to see every active employer.
Are there remote or hybrid Construction jobs in Chicago, IL?
Yes — 517 of the 1570 open construction positions offer remote or hybrid work (67 remote, 450 hybrid).
How do I apply for Construction jobs in Chicago, IL?
Each listing links directly to the employer's application page. Apply early — fresh listings get the most recruiter attention in the first two weeks.