Draw Processor

Job Description

Job Description

Company Overview

Arixa Capital Advisors, LLC is a respected private credit investment manager, managing a loan portfolio in excess of with $2B. Our strategy is to lend on single family and multifamily projects across the United States providing our investors a compelling fixed income return. We leverage our substantial balance sheet, world class institutional partners and a full-service lending platform to provide exceptional service to our real estate investor and developer clients. We are vertically integrated, ensuring that loans fund quickly and the customer experience is unparalleled as we handle all loan functions through our proprietary technology infrastructure backed by an experienced operations team.

Arixa has been named to the Inc 5000 fastest growing companies in the U.S. in each of the past 3 years.

Position Overview

Reporting to the Manager, Draw Processing, the Draw Processor, will play an important role in supporting Arixa's borrowers through the construction phase of their loans, while maintaining strong oversight and control in the release of construction funds. The Draw Processor will complete a comprehensive review of onsite photos, compare the schedule of values to work in place, validate proof of payment, estimate time remaining, and satisfy outstanding draw conditions.

Summary of Primary Responsibilities

• Budget Analysis : Analyze budgets against sources and uses of funds to ensure that the remaining balance is sufficient to complete the project. Perform forensic reviews of budgets for errors and discrepancies.
• Inspection Coordination : Coordinate with borrowers to schedule inspections and gather necessary documentation required for the draw.
• Scope Analysis : Compare project scope to the remaining balance to ensure alignment and identify any potential issues.
• Customer Service : Provide excellent customer service, acting as the primary point of contact for borrowers regarding their draw requests and resolving any issues that may arise.
• Business Communication : Exhibit effective business communication skills, both oral and written, to interact professionally with borrowers and internal teams.
• Time Management and Organization : Demonstrate excellent time management and organizational skills, with a keen attention to detail to ensure thorough and accurate processing of draw requests.
• Interpersonal Skills : Utilize good interpersonal communication skills to effectively engage with borrowers and team members, fostering positive relationships.
• Pressure Handling : Ability to work under pressure and meet deadlines while maintaining a high standard of work.
• Technical Proficiency : Exhibit a strong working knowledge of computers, with advanced Excel skills. Experience with Salesforce and construction management software is beneficial.
• Issue Resolution : Work closely with the Manager to resolve draw issues and escalations effectively.

Education and Experience

Compensation

This LA based position requires in-office work two (2) or more days per week to ensure close alignment among all team members. This position is exempt, regular full-time, with salary range : $75K to $85K plus discretionary bonus potential.

Benefits

The employee is eligible for the following benefits :