Senior Commercial Loan Closing Specialist

The Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and C&I loans (these include new loans, loan renewals, loan modifications with a variety of structures, collateral, rates and terms), ensuring quality, completeness and accuracy. The position will work closely with the assigned Loan Administrator, Portfolio Manager, Relationship Manager, Borrower, Legal Counsel and Third Parties. This Role will have a high concentration of Construction and Agented Transactions. The role will be expected to perform the necessary due diligence to successfully close these transactions with minimal supervision. Examples of this work will be to complete the necessary Flood due diligence, Review and Opine on the Plan and Cost Report, confirm the accuracy of Insurance and the creation of Pro Rata's for Agented Transactions. This information will be reviewed and compared against loan approvals and draft documents, ensuring all closing conditions and expectations have been met and closing can occur.

Responsibilities

Processing and closing all Commercial Real Estate and C&I loans (new loans, loan renewals, loan modifications with a variety of structures, collateral, rates and terms), ensuring quality, completeness and accuracy; Completing the necessary Flood due diligence; Reviewing and opining on the Plan and Cost Report; Confirming the accuracy of Insurance and the creation of Pro Rata's for Agented Transactions; Reviewing complex loan documents and initiating and driving deal closing calls with internal and external deal team members and counsel; Ensuring documentation accurately reflects the intentions of the credit approval; Preparing funding requests and ensuring accurate and complete funding information for a timely closing; Ensuring transactions are closed in compliance with the Bank's loan policy and other requirements designated by the credit approval; Working with Relationship Manager/Underwriter to understand transactions and obtain relevant documentation; Liaising and coordinating pre-closing requirements with internal and external clients; Balancing required regulatory and policy requirements when making decisions; Ensuring Know Your Customer (KYC) requirements are met prior to closing; Resolving issues that might impede closing and involving the manager and internal counsel when required; Completing post-closing steps to ensure necessary documentation is received by downstream partners; Monitoring and clearing loan exceptions; Developing, designing, and following inter-departmental controls and risk reducing processes; Engaging in training and Process Improvement Initiatives

Requirements

Post-secondary degree preferred; Minimum 7 - 10 years of experience, including 5 years of bank operations processing, loan closings or related experience; Commercial Real Estate experience; Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts; Job may require additional hours of work during peak periods to meet service levels; Must demonstrate strong follow-up skills and the ability to prioritize tasks effectively

Benefits

Medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); parental leave