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Construction Draw Administrator

CRG - Chicago, IL

Summary Description:

The Construction Draw Administrator is be an integral part of CRG’s development team. This position is located in Chicago, IL and will primarily be responsible for processing construction draws, coordinating capital calls with investors and managing loan advances with lenders. This position also would assist in reporting to management, investors and lenders and a broad range of construction and asset management functions.

Specific Responsibilities:

  • Manage construction draw process and procedures for each development project.
  • Establish due dates and milestones to ensure draw funding occurs in a timely manner for owner, investors and lender
  • Monitor project budgets relative to joint venture documents, loan agreements and general contractor contract
  • Process and document Change Order approvals with Owner, Investor, Lender and general contractor
  • Ensure draw packages are accurate and complete
  • Coordinate draws with accounting, title company, investors, lender and their respective inspecting/disbursing advisors
  • Manage the Owners Statement / Project Budget, including processing and tracking of Owner’s expenses with CRG accounting
  • Submit funding requests to investors and lenders and coordinate/monitor with accounting
  • Review and abstract Owner agreements, loan agreements, construction contracts for key reporting requirements, draw process, Owner obligations/approvals, construction close-out, and key milestones
  • Verify preconstruction items with Partners after Investment Committee (REIC) approved
  • Assist with project reporting to Owners, investors and lenders
  • Assemble monthly reports for management and investors
  • Maintain Tickler Reports and Tracking Logs
  • Track Insurance Certificates
  • Track Real Estate Taxes
  • Provide general office support for the development team as needed

Job Requirements:

  • Undergraduate degree in Business or Accounting or equivalent related work experience
  • 5 + years administering commercial construction disbursements
  • Proficient in MS Word, Excel, Outlook, PowerPoint, Adobe, and other relevant software; Yardi experience a plus.
  • Ability to support multiple projects in parallel and prioritize competing demands
  • Strong work ethic with effective organizational and time management skills
  • Excellent verbal and written communication skills
  • Demonstrates balance of independence and ability to play supportive role in team process
  • Accurate, detail oriented and able to multitask

About Us:

CRG is a privately held real estate development firm that has developed more than 9,000 acres of land and delivered over 200 million square feet of commercial, industrial, institutional and multifamily assets exceeding $12 billion in value. CRG, headquartered in St. Louis, leverages a powerful North American platform with local market expertise and offices in Atlanta, Chicago, Columbus, Southern California and Philadelphia. CRG’s philosophy of developing for the future and anticipating the enhanced needs of next generation users led to the creation of its industrial brand, The Cubes, and its multifamily brand, Chapter

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