Construction Draw Specialist

1 day ago


Delhi, Delhi, India FinacPlus Full time

At FinacPlus, we are seeking a skilled Construction Draw Specialist to join our team of professionals providing Virtual Business and Professional Services to overseas clients. This role is part of a dedicated team that provides Mortgage Loan Management Services to Toorak Capital Partners from the Mortgage Finance Industry.

About Toorak Capital

Toorak Capital Partners is a multibillion-dollar integrated correspondent lending platform that funds small balance business purpose residential, multifamily, and mixed-use loans throughout the U.S. and the United Kingdom. Headquartered in Tampa, FL, Toorak Capital Partners acquires and manages loans directly from private lenders that originate high credit quality loans.

Toorak Capital Partners-funded projects have renovated or stabilized housing for more than 10,000 families to date – an average of more than 500 families every month.

Job Description:

The Construction Draw Analyst position interacts with real estate developers (borrowers) and processes draw requests under mortgage agreements.

  • Maintains working relationships with clients.
  • Serves as liaison between clients and the company in draw processing to ensure appropriate release of funds using best practices.
  • Remediates disputes with clients while protecting the lender's position.
  • Procures sufficient evidence of construction progress on site.
  • Assesses reasonableness of funding requirements to current policy.
  • Communicates with leadership and internal stakeholders on draw status, raises awareness regarding thematic concerns to ensure timely and budget-compliant project completion.
  • Procures and critically evaluates documentation to mitigate associated financial risks.
  • Maintains open communication lines with external stakeholders, loan originators, and borrowers as needed.
  • Provides necessary reporting to team members.
Requirements:
  • Master's degree in finance, MBA, M. Com, or other post-grad degree in finance.
  • Proficient in English language required.
  • Strong speaking skills essential due to critical interactions with borrowers.
  • 5+ years of experience in customer-facing roles/call center experience.
  • Understanding of mortgage industry and basic principles of finance preferred.
  • Knowledge of construction industry beneficial.
  • Ability to interact successfully with owners, developers, contractors through various phases of construction projects.
  • Strong attention to detail and ability to analyze risk.
  • Superior organizational skills and ability to work under time constraints.
  • Proficient with computer hardware and software, including MS Office. Strong Microsoft Excel skills required and must be able to summarize and present data efficiently.
Salary Range: $80,000 - $120,000 per annum (best in industry)

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