Senior Commercial Loan Closing Specialist

Job description

Summary of the Position:

nThe Senior Commercial Loan Closing Specialist is responsible for processing and closing all Commercial Real Estate and C&I loans (these include new loans, loan renewals, loan modifications with a variety of structures, collateral, rates and terms), ensuring quality, completeness and accuracy. The position will work closely with the assigned Loan Administrator, Portfolio Manager, Relationship Manager, Borrower, Legal Counsel and Third Parties. This Role will have a high concentration of Construction and Agented Transactions. The role will be expected to perform the necessary due diligence to successfully close these transactions with minimal supervision. Examples of this work will be to complete the necessary Flood due diligence, Review and Opine on the Plan and Cost Report, confirm the accuracy of Insurance and the creation of Pro Rata’s for Agented Transactions. This information will be reviewed and compared against loan approvals and draft documents, ensuring all closing conditions and expectations have been met and closing can occur.

nEssential Functions of the Position:

nnnReviews complex loan documents, initiates and drives deal closing calls that include internal and external deal team members and counsel.

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nnEnsures documentation accurately reflects the intentions of the credit approval.

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nnFacilitates teamwork and continuity.

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nnProactively pursues gaining new knowledge to perform effectively in the role

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nnPrepares funding requests and ensure accurate and complete funding information to ensure a timely closing

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nnEnsures transactions are closed in compliance with the Bank’s loan policy and any other requirements designated by the credit approval.

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nnWorks with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation is obtained for a timely closing.

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nnLiaises and coordinates pre-closing requirements with internal and external clients (Underwriter, Relationship Manager, Syndication Desk, Borrowers, Lenders).

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nnDemonstrates ability to balance required regulatory and policy requirements when making decisions.

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nnEnsures Know Your Customer “KYC” requirements have been met prior to closing a transaction.

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nnResolves issues that might impede closing and use judgement to involve the manager and internal counsel when required.

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nnCompletes post-closing steps to ensure that all necessary documentation is received by downstream partners.

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nnMonitors and clears loan exceptions

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nnDevelops, designs, and follows inter-departmental controls and risk reducing processes.

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nnPositively accepts change and engages with team and relevant stakeholders.

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nnEngages in raining and Process Improvement Initiatives

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n nEducation and Experience Requirements:

nnnPost-secondary degree preferred

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nnMinimum 7 - 10 years of experience, including 5 years of bank operations processing, loan closings or related experience

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nnCommercial Real Estate experience

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n nEssential Skills and Abilities:

nnnDemonstrated 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

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nnJob may require additional hours of work during peak periods to meet service levels

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nnMust demonstrate strong follow-up skills and the ability to prioritize tasks effective

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Worksite address

pittsburgh, PA, 15289, US

Who can apply

Review the original listing for work authorization, qualifications and employer requirements.