Draw Processor - Arixa Capital : Job Details

Company Overview

About Arixa Capital

Arixa is seeking a Draw Processor to support the Company's growth and development as one of the leading non-bank real estate lenders in the Western U.S.

Arixa is truly differentiated in our market. Arixa is both an investment manager and a lending platform, while our competition is almost exclusively lenders who do not manage discretionary funds. That allows Arixa to customize solutions for borrowers without special approvals from distant committees or boards of Managers that don't understand our business. Arixa also manages money that comes from top tier institutional investors, giving Arixa substantial capacity to grow.

We place organizational health at the top of our priority list. In 2018, Arixa undertook an exercise to place organizational health at the center of our business model. The result is that we developed a playbook that incorporates input from every Arixa team member, making sure that we remain aligned, and everyone knows what is most important - covering our mission, our values, and our top priorities each year.

More information on Arixa can be found online at www.arixacapital.com.

Position Overview

Arixa is seeking a customer service focused and detail-oriented Draw Processor to join the Construction team. As a Draw Processor you 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. We move quickly and seek someone who is intellectually curious, holds themselves to high standards, and can thrive in a high-achieving, fast-paced culture. The applicant must have familiarity with the draw process and possess strong construction accounting, data management and bookkeeping skills.

Primary Duties & 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.

Background, Experienced & Qualifications

• Experience: Proven experience in fund control or a related field within the construction industry is preferred.
• Customer Service Skills: Excellent customer service skills with the ability to handle borrower interactions professionally.
• Communication Skills: Strong business communication skills, both oral and written.
• Detail-Oriented: Exceptional attention to detail and thoroughness in managing draw processes.
• Technical Skills: Proficiency in Excel and experience with Salesforce and construction management software are advantageous.
• Industry Knowledge: General knowledge of the residential construction industry.
• Degree: Bachelor's degree in Finance, Accounting, Construction Management, or a related field is preferred.

Compensation

This LA-based position requires in-office work three (3) or more days per week, to ensure close alignment among all team members.This position is exempt full time, with salary range: $75K - $85K, depending on experience level, plus discretionary bonus potential.

Benefits

The employee is eligible for the following benefits:

• Annual discretionary bonus program
• Medical, dental and vision insurance
• Exceptional health and wellness benefits programs
• Two-weeks (10 days) paid time away excluding sick time.
• All major holidays (8 days)
• One floating holiday

Note: This is not an all-inclusive list. The Loan and Operations Associate will be involved and participate in related business matters and duties as assigned. Arixa is an ‘at-will' employer.