Summary of the Position:
The Commercial Loan Closing Specialist coordinates the loan closing process for new loans and modifications to existing loans within the C&I and CRE portfolio. This includes performing necessary due diligence (i.e. flood work, engaging inspectors & environmental engineers, review of insurance), reviewing loan approvals and draft documents, ensuring all closing conditions have been met and scheduling closings.
Essential Functions of the Position:
- Liaise with Bank Counsel to review complex loan documents
- Participate actively in deal closing calls that include internal and external deal team members and counsel
- Ensure documentation accurately reflect the conditions and structure set forth in the credit approval
- Work with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation and necessary due diligence is obtained
- Prepare funding requests and ensure accurate and complete funding information to ensure a timely closing
- Resolve post-closing loan requirements and clear exceptions.
Education and Experience Requirements:
- Post-secondary degree preferred
- Minimum 4 years of experience, including 2 years of bank operations processing, loan closings or related experience
- Commercial Real Estate experience
Essential Skills and Abilities:
- Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts
- Job may require additional hours of work during peak periods to meet service levels
- Must demonstrate strong follow-up skills and the ability to prioritize tasks effectively