Commercial Loan Closer II

Accounts•Bedminster, NJ

17h

About The Position

Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions. We provide a broad range of sought-after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking. 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

Bachelor’s degree in business related field preferred
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

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.
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.
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.
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.
Prepare wires for funding and ensure funding was processed including OFAC and Callbacks.
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.
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.