Commercial Loan Closing Manager

Job Responsibilities

• Oversee and manage the commercial closing pipeline and ensure closing documents are accurate and all exceptions have been cleared.
• Ensure transactions are efficiently distributed and processed in a timely manner.
• Provides support and guidance to the commercial closing staff.
• Resolves any unusual or complex problems.
• Oversee all post-closing related activities such as receipt of all required recorded documentation, title policies, and completion of collateral files.
• Exercises the usual authority of a supervisor, including staffing, scheduling, training, discipline, performance appraisals, and salary recommendations.
• Maintain current knowledge of agency guidelines, state and federal laws governing commercial closings for New Jersey, New York, and Pennsylvania.
• Ensures that the Bank’s closing policies and procedures are in compliance with all governmental regulations and reporting requirements.
• Communicates regulatory and procedural changes to staff.
• Recommend changes and more efficient methods of departmental procedures to Senior Management with systems specialists and the IS Department to implement changes to the origination system for the Closing/Post Closing functions.

Job Requirements

• Bachelor’s degree;
• Minimum 5 years of management experience;
• Minimum 5 years of Commercial Lending experience.

• Preferred Qualifications:
• Experience managing a team of ten or more staff;
• Knowledge/experience working with Salesforce & nCino.

Core Competencies/Skills

• Working knowledge of Commercial Loan documentation (i.e. Commitment Letter, Loan Note, Certificate of Formation, Title Documents, Beneficial Ownership, Insurance Policies, etc.)
• Working knowledge and understanding of insurance requirements (liability, hazard, flood) for commercial loans
• Skilled in reviewing and interpreting Uniform Commercial Code (UCC) Finance Statements, Federal and State tax lien search results, Bankruptcy and Judgement search results
• Ability to communicate and interact with employees at all organizational levels
• Results oriented with a proven track record to motivate self and others to accomplish objectives
• Excellent organizational, follow-up, and time management skills
• Strong numerical aptitude and attention to detail
• Excellent written and verbal communication skills

Benefits

• Medical, Dental, Vision and Rx which are contributory.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule

This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.