Commercial Loan Closer III

Commercial Loan Closer III

Lead the closing process for all loan products supported by the Commercial Loan Closing Team for the Commercial and Industrial (C&I) line of business. A C&I Loan Closer manages the loan closing process, ensuring all pre- and post-closing documentation is accurate and compliant with regulatory and internal policies. Commercial Loan Closer III may close agented or participated transactions, secondary market trades, letters of credit and / or construction loans. The position is responsible for maintaining the highest quality service to clients, prospects, as well as internal partners, ensuring the accuracy of client account administrative activities and developing collaborative relationships with clients.

Responsibilities :

• Document Management. Prepare, review, and organize all commercial loan documentation, ensuring accuracy and completeness. Execute a prudent closing process for all loan products including new loans, amendments, extensions, modifications, and renewals. Prepare, review, and approve the closing package and settlement statement. Review legal documents for completeness and accuracy.
• Compliance. Evaluate all closing documentation to ensure all pre-closing conditions and issues have been appropriately identified and accurately addressed. Confirm KYC and CIP have been completed. Maintain ongoing awareness of all legal and regulatory changes that may affect closing procedure.
• Due Diligence. Order and review required due diligence items such as title commitments, UCC searches, environmental assessments, and proof of insurance.
• Coordination. Act as a liaison between borrowers, attorneys, relationship managers, and internal teams to facilitate a smooth and timely closing process. Actively engage and manage all vendors involved in the transaction.
• Funding Process. Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.
• Record Keeping. Maintain accurate and organized records of all transaction communications, documentation, and funding activities. Follow-up with Counsel if full closing package is not received within 10 business days of Closing.
• Transaction Coordination. Coordinate with the Loan Operations team to ensure that the transaction is properly recorded within the core receivable system. Coordinate with Collateral Team to ensure that all executed documentation is properly received and recorded in accordance with regulatory requirements. Identify exceptions that require post-closing follow-up.

Qualifications :

Benefits Overview :

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity / paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $89,550 to $110,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Note : Incentives and / or benefits packages may vary depending on the position.