Responsible for initiating and driving the loan closing process, developing and maintaining relationships, coordinating the activities, decisions, and communications amongst the deal team along with internal counsel, outside counsel, and third parties.
Responsible for the integrity of loan closings, due diligence, documentation, compliance and loan booking. Including: review closing documents, ensure the loan structure and terms conform to credit approval and bank policies, and requirements to close are in place, identify and appropriately mitigate exceptions.
Makes decisions that influence risk management and customer relationships for loans that are typically greater than $5 million, with custom, complex terms that may involve acquisition, bonds, syndication, tax credits, credit derivatives, etc. Collaborates with Sales and Portfolio Managers to influence business decisions
Responsible for proactive identification of potential risks and adverse situations that may impact the bank’s interest – at loan and portfolio level, including other business segments as assigned. Communicates and/or escalates risks, pursues corrective action and drives solutions
Obtains and reviews due diligence such as title commitments, flood determinations, insurance and other pre-closing items, and coordinates review with respective banker, outside counsel and title company. Prepares closing statements, ensuring all fees are collected (e.g. appraisal fees, commitment fees and other closing fees). Prepares forms necessary to book loan on system of record.
Responsible for clearing any outstanding post-closing items and collateral exceptions; works with Commercial Loan Servicing to resolve errors. Manages closing checklist, certifications, and closing files according to Business Segment standards.
Develops and maintains positive relationships with the customer, that may involve customer-facing activities such as conference calls, correspondence, pre- and post-closing meetings, notarizing signatures, and attending loan closings.
Traits and Characteristics:
Demonstrates confidence, assertiveness, professionalism, and ability to interact with all levels within the organization in a professional manner
Ability to understand and interpret commercial deal structures and legal documents, work through “gray areas”, and leverage resources to expedite complex concurrent processes
Proficient use of Microsoft Office and other internet resources
Excellence in customer service, highly motivated, focused and goal oriented
Excellent written and verbal communication skills, including grammar and demeanor
Strong organizational skills with attention to detail, planning and follow-up
Ability to work independently on multiple tasks without compromising quality
Bachelor’s Degree or 3+ years of Commercial Banking experience may be considered
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