Skip navigation
Unable to save this job. Please try again later.


Email this Job to Yourself or a Friend

To begin the application process, please enter your email address.

Company Contact Info

  • Chicago, IL

Already have an account?

Sign in to apply with your saved resumes.

New to CareerBuilder?

Don't have an account? Continue as a guest!

Sorry, we cannot save or unsave this job right now.

Report this Job

Trust and Site Security Team.

Don't miss out on new jobs!

Get the latest Risk Manager (Management) jobs in Chicago, IL delivered directly to your inbox. You can unsubscribe at any time.

Saving Your Job Alert

Job Alert Saved!

Could not save Job Alert!

You have too many Job Alerts!

This email address has reached the maximum of 5 email alerts. To create a new alert, you will need to log into your email and unsubscribe from at least one.

Sign Up

or   Sign In Here
Password Must Contain
8 to 15 characters
1 uppercase letter
1 number or symbol
1 lowercase letter
Create an Account with CareerBuilder to save jobs & unlock these great features
See similar job titles and skills to help you make your next move
Upload a resume and become visible to Hiring Managers and Employers
Compare Salary Information to see where you stand amongst your peers
Easily Quick Apply to jobs with just one click!

Email Send Failed!

Construction Lending Risk Manager - Chicago

The Federal Savings Bank • Chicago, IL

Posted 1 day ago

Job Snapshot

Accounting - Finance, Banking - Financial Services, Mortgage
Banking, Finance

Job Description

The Federal Savings Bank (???TFSB???) is a veteran-owned national bank with a focus on residential lending. Recently named as one of Inc. 5000???s fastest growing private companies in America for two consecutive years, TFSB is actively searching for an experienced mortgage industry professional to join our team as the Construction Lending Manager. The Construction Lending Manager will be responsible for building, servicing, and monitoring the operations of TFSB???s national construction lending department. The Manager will focus on providing white glove service to TFSB customers and mortgage bankers by utilizing best-in-class monitoring procedures during the construction period of the loans. 

Responsibilities and Duties:

  • Responsible for staffing and overseeing construction lending and servicing department
  • Evaluate and implement construction lending policies and procedures
  • Collaborate with underwriting to develop & update underwriting guidelines for the different construction products available nationwide
  • Analyze construction project documents such as construction budgets, plans & specs, builder qualifications, construction contracts, engineer reports, appraisals, etc.
  • Work with loan documentation team to review loan documents for accuracy and ensure they are compliant with all regulations, laws and lending practices.
  • Review, audit, and process draw payments, including review and approval of all site inspections and reports. 
  • Approve all change orders and determine if they are paid by customer or included in the loan.
  • Identify and clear up any budget discrepancies between borrower & builder early in the construction process.
  • Evaluate title, appraisals, and settlement statements before approval
  • Maintain full credit file (both electronic and physical) to ensure that documentation is retained in accordance with bank guidelines. This includes review and receipt of post-closing documents
  • Serve as a risk manager/workout manager for select loans.
  • Prepare summary reports for senior management and Board of Directors on the status of construction business for the bank.
  • Collaborate with the Bank???s training team to develop a training program and curriculum for new servicing staff and for loan officers across the country.
  • Operate within budget for department   
  • Assist with special projects that may arise


  • Bachelor???s degree in Finance, Business, or Accounting preferred
  • 7 + years??? experience in real estate lending
  • 3 + years managing a multi-functional team
  • Thorough knowledge of construction lending, loan documentation & structure, credit and appropriate banking laws and regulations including TRID
  • Strong credit underwriting skills & experience in credit structuring
  • Elevated understanding of real estate title issues
  • Advanced financial analysis skills
  • Excellent verbal and written communication skills
  • Strategic thinker with strong analytical and problem-solving skills and attention to detail
  • Strong background in customer relationship management  
  • Highly proficient with Microsoft Office Suite, specifically Excel, Word, and Outlook.

What We Offer:

  • Vacation plus sick days 
  • Health, Dental, and Vision insurance plans available
  • 401k and Roth IRA options available
  • Job security for those who consistently meet and exceed expectations
  • A fast-paced environment
  • Employee Appreciation Events (Pizza days, empanada days, Halloween costume contest just to name a few!
  • A culture where team work truly does make the dream work! 

Job ID: ZCN0sSafyv
Help us improve CareerBuilder by providing feedback about this job: Report this Job.
For your privacy and protection, when applying to a job online, never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction. Learn more.
By applying to a job using CareerBuilder you are agreeing to comply with and be subject to the CareerBuilder Terms and Conditions for use of our website. To use our website, you must agree with the Terms and Conditions and both meet and comply with their provisions.
Don't miss out on new jobs like this
Get the latest jobs delivered to your inbox. Unsubscribe at any time.

Saving Your Job Alert

Job Alert Created

Well, this is embarrassing. We are having trouble saving your search. You can try again or come back at a later time.

Maximum Email Alerts

This email address has reached the maximum of 5 email alerts. To create a new alert, you will need to log into your email and unsubscribe from at least one.