Commercial Loan Closer
Axelon Services Corporation
Johnston, RI
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JOB DETAILS
SKILLS
Accounting Software, Banking Operations, Business Banking, Business Loans, Business Operations, Business Support, Commercial Loans, Communication Skills, Customer Service Operations, Customer Support/Service, Detail Oriented, Documentation, Due Diligence, Federal Laws and Regulations, Financial Systems, Funding, Legal, Liens, Loan Accounting, Loan Closing, Loan Documents, Loan Operations, Loans, Maintain Compliance, Multitasking, Operational Audit, Organizational Skills, Performance Metrics, Post Closing, Problem Solving Skills, Reconciliation, Regulatory Compliance, Regulatory Requirements, Risk, Sales Pipeline, Service Level Agreement (SLA), Team Player, Time Management
LOCATION
Johnston, RI
POSTED
1 day ago
Job Title: Commercial Loan Closer
Location: Johnston, RI
Schedule: MondayFriday, 8:00 AM 5:00 PM
Job Description:
We are seeking a detail-oriented Commercial Operations Loan Closer to support Business Banking Operations. This role is responsible for closing and documenting loans with complex structures in compliance with internal credit policies and federal regulations. The ideal candidate will ensure all due diligence, documentation, and operational requirements are completed accurately prior to funding.
Key Responsibilities:
- Ensure loans are closed and documented in accordance with credit approval procedures and policies
- Act as a gatekeeper for compliance and reporting requirements
- Accurately book loans into the loan accounting system
- Manage a pipeline of 2530 loan transactions simultaneously
- Communicate effectively with internal teams, legal counsel, and clients regarding loan status
- Perform due diligence, review operational risk, and confirm all pre-closing conditions are met
- Coordinate with stakeholders to clear conditions such as:
- Appraisals
- Environmental reports
- Flood determinations
- Title and lien documentation
- Reconcile loan accounting records
- Manage and resolve post-closing documentation exceptions
- Ensure adherence to KPIs, service level agreements, and regulatory requirements
- Deliver excellent customer service while mitigating operational and reputational risks
- 13 years of experience in commercial or business lending environment
- Strong knowledge of:
- Federal regulations
- Loan documentation (credit agreements, notes, guarantees, collateral)
- Excellent communication and customer service skills
- Strong organizational and time management abilities
- Ability to manage multiple priorities and meet deadlines
- Problem-solving skills with attention to detail
- Team-oriented with a proactive approach
- Experience with AFS (Advanced Financial Systems)
- Experience with LaserPro
- Associates Degree or higher
- High School Diploma or GED (required)
About the Company
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