Commercial Specialized Lending Closer

Job Description

The Commercial Specialized Lending Closer processes and supports certain core operational functions within Commercial Loan Specialty Financing (such as Sponsor Finance, Equipment Finance, Sports Finance, Corporate Finance, etc.) while remaining compliant with Department procedures, Corporate policies, Compliance, Audit and legal requirements. This role requires an in-depth knowledge of all functions within the Specialty Finance groups to support and process as needed. The position also involves supporting all projects and serving as a subject matter expert (SME) on all initiatives within the assigned area.

Essential Functions

• Requires a self-starting individual with excellent follow through, time management skills, analytical thinking and organizational skills.
• Experience working in a production environment under time constraints and strict deadlines is a must.
• Serve as main contact point with Specialty Finance teams and other financial institutions, respond to and/or initiate complex requests related to these activities.
• Read and interpret complex legal credit agreements and related documentation, interacting with attorneys to ensure all required closing documentation is received and accurate.
• Analyze all incoming loan approval packages for all items needed to process the loan (such as approval, collateral, signers, guarantors, etc.), ensuring proper documentation is produced based on the product and approval terms/conditions.
• Independently manage all aspects of deal from post approval to closing.
• Work with Treasury Management to ensure all borrower information is shared.
• Complete standard and non-standard document review, processing and validation related to funding new syndicated, participated or Specialty Finance transactions.
• Initiate loan activity (funding, repricing, payment) as instructed by the client in accordance with credit agreements.
• Calculate and track complex interest and fee accruals at various rate levels across changing lender distributions.
• Initiate and reconcile funds' movements in accordance with client/lender instructions.
• Research issues for relationship managers, client services and customers.
• Maintain margin changes and proper communication to bank group.
• Provide information as requested by clients, business partners, or lenders.
• Work with credit, audit and compliance to maintain loan portfolios, assuring that all loan files are documented properly, as well as core system reporting accuracy; authority to make recommendations to all processes.
• Work with Loan Servicing to process participation/syndicated loan transactions.
• Provide leadership in identifying, recommending and enhancing processing activities to ensure exceptional customer experiences are delivered.
• Complete cross-training in all disciplines/functions of Specialty Team and serve as back-up for all team functions.
• Participate in system testing as needed, which may occur during non-business hours.
• Avoid administrative tasks associated with the terms of a Credit Agreement.
• Perform quality control on new deals, restructures, and amendments by thoroughly understanding the credit agreement and verifying system set up accuracy.
• Collaborate with appropriate team members to ensure a timely, smooth customer experience.
• Provide back-up support for Trade Services and Letter of Credit products.

Qualifications

• Bachelor's Degree in Accounting, Finance, Economics, or Mathematics preferred.
• Or 3 - 5 years related job or industry experience preferred.
• Knowledge of accounting principles.
• Proven analytical, problem-solving, and decision-making skills.
• Extensive ability to manage concurrent assignments in an effective, efficient, and organized manner.
• Extensive ability to work independently within a team environment.
• Extensive ability to read and interpret loan documentation.

Travel Requirements

As Needed

Training

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.