Commercial Loan Closer II

Peapack Private Bank & Trust • Bedminster Township, NJ

4d • $68,456 - $89,000

About The Position

The Commercial Loan Closer II is responsible for executing the closing process
for loan products across several commercial lines of business including
Commercial Real Estate (CRE) &  Multifamily (MF), Commercial and Industrial
(C&I), Healthcare, Wealth, and Community Banking supported by the Commercial
Loan Closing Team. This role manages assigned commercial loan closings ensuring
all pre‑ and post‑closing documentation is accurate, complete, and compliant
with regulatory and internal policies. This position may close agented or
participated transactions, secondary market trades, letters of credit, and/or
construction loans, while providing high‑quality service to clients and internal
partners throughout the closing process.

Requirements

• Minimum 8+ years working in a Commercial Lending Department or Bank Environment
• Significant knowledge of Commercial Lending Credit Agreements
• Effective oral and written communication skills
• Effective customer service skills-internal and external
• Detail oriented
• Superior multi-tasking skills
• Experience with basic office programs and equipment including Microsoft Office

Nice To Haves

• Knowledge of Jack Henry System Silverlake a plus, not a requirement

Responsibilities

• Document Management.  Prepare, review, and organize all commercial loan documentation, ensuring accuracy and completeness.  Execute a prudent closing process for all loan products including new loans, amendments, modifications, extensions and renewals.  Prepare, review, and approve the closing package and settlement statement.  Review legal documents for completeness and accuracy.
• Compliance.  Evaluate the loan approval and closing documentation to ensure all pre-closing conditions and issues have been appropriately identified and accurately addressed.  Confirm KYC and CIP have been completed.  Maintain ongoing awareness of all legal and regulatory changes that may affect closing procedure.
• Due Diligence.  Review, and when applicable order, required due diligence items, including UCC searches, Good Standing or Business Status Reports, and applicable insurance coverage, including flood, based on loan type.
• Coordination.  Act as a liaison between relationship managers, underwriters, attorneys, and internal teams to facilitate a smooth and timely closing process.  Actively engage and manage all vendors involved in the transaction.
• Funding Process.  Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.
• Record Keeping.  Maintain accurate and organized records of all transaction communications, documentation, and funding activities.  Follow-up with Counsel if full closing package is not received within 10 business days of Closing.
• Transaction Coordination.  Coordinate with the Loan Operations team to ensure that the transaction is properly recorded within the core receivable system.  Coordinate with Collateral Team to ensure that all executed documentation is properly received and recorded in accordance with regulatory requirements.  Identify exceptions that require post-closing follow-up.

Benefits

• We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, education reimbursement, wellness programs and more.  We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1-10 employees