Loan Closer

Alma Bank, headquartered in Long Island City, New York with 12 branches throughout Queens, NYC, New Jersey, Brooklyn, and the Bronx, brings personal service back to personal banking. We offer a full range of products and services and deliver a private banking style experience to our business banking customers.

About the role

The Loan Closer is responsible for preparing, coordinating, and executing the closing and funding of Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loan transactions in accordance with Bank policies, regulatory requirements, and established procedures. This role requires a highly detail-oriented professional who can manage multiple priorities, ensure all closing requirements are satisfied, and maintain accuracy throughout the loan closing process. The ideal candidate is a self-starter with a strong work ethic, dependable, accountable, and committed to providing exceptional internal and external customer service.

Responsibilities

• Review underwriting approvals and loan commitments for each loan file to ensure closing packages accurately reflect approved terms and conditions.
• Verify that all closing conditions have been met and all title, legal, and documentation issues have been resolved prior to closing.
• Prepare loan files for closing, including reviewing legal documents for accuracy, calculating closing figures, and preparing any additional required documentation.
• Coordinate and execute loan closings and funding activities in accordance with established policies and procedures.
• Prepare loan booking packages and submit completed files to Loan Operations within three business days of closing.
• Process renewals, modifications, and extensions for CRE and C&I loans, ensuring all required approvals and documentation are obtained.
• Maintain accurate records and documentation while adhering to regulatory requirements, internal controls, and audit standards.
• Communicate effectively with lenders, attorneys, title companies, borrowers, and internal departments to facilitate a smooth closing process.

Requirements

• Strong knowledge of commercial lending documentation, loan closing procedures, and title review processes.
• Exceptional attention to detail and accuracy with the ability to identify and resolve discrepancies.
• Self-motivated and able to work independently while managing multiple deadlines in a fast-paced environment.
• Responsible and reliable with a strong sense of ownership and accountability.
• Excellent organizational, time management, problem-solving, and communication skills.

Preferred Skills

• nCino
• LaserPro
• Excel
• FIS Insight

Benefits

• Generous matching 401(k)
• Excellent healthcare coverage (medical, dental, vision)
• Short and long-term disability
• Life insurance and long-term care options

Alma Bank employees work in an open and collaborative environment.