Commercial Loan Closer

About the role

This position manages the closing process for complex loans by partnering with Relationship Managers (RMs) and outside legal counsel. It involves attending and adding value in loan committee discussions, providing input into the loan approval process, engaging attorneys, initiating loan closing conference calls, managing the loan closing checklist, examining loan documents, coordinating with debt capital markets and participant banks, reviewing loan documentation, ensuring insurance provisions, preparing beneficial ownership forms, assisting in training new hires, and contributing to process improvements.

Responsibilities

• Manage the closing process for complex loans
• Attend and add value in loan committee discussions
• Provide input into the loan approval process
• Engage attorneys and initiate loan closing conference calls
• Manage loan closing checklist by collaborating with Relationship Manager and acting as liaison with clients, attorneys, and internal partners
• Examine loan documents as a secondary review to Relationship Manager and reconcile to Credit Decision Summary (CDS) for accuracy and completeness
• Coordinate with debt capital markets and participant banks in the distribution of loan documents and determine their merits in conjunction with outside counsel
• Capture insurance provisions and provide standardized requirements to borrower and/or attorney
• Prepare beneficial ownership forms and loan application
• Collaborate with Centralized Funding Desk to ensure funding occurs within designated timeframe
• Aid in training new hires and contribute to process improvements
• Complete special line of business projects as assigned by Commercial Loan Closing Manager

Requirements

• High school diploma or equivalent (GED)
• Five (5) plus years of commercial loan closing and/or servicing experience
• One (1) plus year of preparing/reviewing attorney prepared legal loan documentation

Qualifications

• Bachelor’s degree, Finance, or related field preferred
• Proficiency with lending systems
• Experience and knowledge with highly complex and sophisticated credit agreements and credit approvals
• Solid understanding of lending regulatory requirements
• Solid knowledge of departmental systems and applications
• Knowledge of bank credit policy

Skills

• Strong organizational skills
• Excellent communication and interpersonal skills
• Attention to detail
• Ability to work independently and as part of a team
• Proficient in Microsoft Office Suite

Benefits

• Medical, Dental, and Vision Insurance
• 401(k) Plan
• Health Savings and Flexible Spending Accounts
• Vacation/Sick Time
• Paid Holidays
• Paid Parental Leave
• Tuition Reimbursement

Pay

Base pay plus bonuses.

Schedule

Full-time.