Ascent Developer Solutions · 1 day ago
Construction Draw Administrator
Encino, CA
Full-time
Hybrid
Mid Level
$70K/yr - $80K/yr
3+ years expAscent Developer Solutions is a leading private lending platform, serving real estate developers nationwide in the acquisition, renovation, and construction of residential real estate. The Construction Draw Administrator plays a vital role in financial management and successful execution of construction projects by ensuring that funds are managed efficiently and that financial transactions are transparent and properly documented.
Financial ServicesReal Estate Investment
Responsibilities
Monitor the company's client portal for client questions & new construction draw requests
Leveraging technology to download & manage draw request files, and following up with clients for missing information or incomplete documentation
Monitor the Team's draw request pipeline, and following up with internal/external parties to ensure the process is streamlined
Reviewing client communication, documents, and draw requests for accuracy and compliance with borrower guidelines
Collaborating with company leaders in the execution of special projects, new programs, and ad-hoc requests as needed
Review requests for funds (draw requests) submitted by contractors or developers. These requests usually include detailed documentation of the work completed, expenses incurred, and any supporting invoices or receipts
Verify that the work claimed in the draw request has been completed, by conducting site inspections or coordinating with third-party inspectors
Ensure that the projects comply with contractual agreements, local regulations, and industry standards, including verifying that all necessary permits are in place and that the work adheres to the approved project plans
Manage the schedule and amount of fund disbursement based on the project's progress and the terms of the construction loan or financing agreement
Ensure that payments are made accurately and on time to avoid project delays
Maintain detailed and accurate records of all transactions, draw requests, approvals, and payments
Provide regular reports to stakeholders such as lenders, investors, and project owners
Identify and mitigate potential risks associated with the disbursement of funds
Ensure that the project stays within budget and address any discrepancies or issues that arise during the construction process
Act as a liaison between various parties involved in the project, including contractors, developers, lenders, and inspectors and ensure communication across the team to ensure that everyone is informed about any issues that need to be addressed
Qualification
Required
Bachelor's degree in construction management, architecture, engineering, finance, accounting, or a related field is often preferred
3-5 years of experience managing or coordinating construction projects, including knowledge of project planning, scheduling, finance, and compliance
Ability to meticulously review documentation and ensure accuracy in financial transactions and compliance with contracts and regulations
Effective verbal and written communication skills to liaise with contractors, developers, lenders, and other stakeholders
Proficiency in relevant software such as construction management software (e.g., Procore, Buildertrend), financial software (e.g., QuickBooks, Sage), and general office software (e.g., Microsoft Office Suite)
Experience resolving issues related to project financing, discrepancies in documentation, and compliance challenges
Strong organizational abilities to manage multiple projects, maintain detailed records, and ensure timely disbursements
Expert knowledge of local, state, and federal construction regulations, building codes, and industry standards
High ethical standards and professionalism, as the role involves handling significant financial transactions and sensitive information
Preferred
Professional certifications such as the Certified Construction Manager (CCM), Project Management Professional (PMP), or other relevant certifications can enhance a candidate's qualifications
Benefits
Five health plans
Two dental plans
Health savings and flexible spending accounts
Vision coverage
A 401(k) plan
Other optional benefits from which to choose
Company
Ascent Developer Solutions
AscentDS is a private loan and institutional debt platform that provides tailored financing solutions.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknownKey Investors
Elliott Management Corp.
2024-07-19Private Equity
Leadership Team
Robert Wasmund
Founder & CEO
David hada
Chief Financial Officer
Recent News
2026-01-20
2025-11-11
Company data provided by crunchbase