Commercial Loan Closer III - CRE

Peapack-Gladstone Bank • Melville, NY

89d • $117,000 - $144,000 • Hybrid

About The Position

Peapack Private is a well-established institution with over 100 years of history, dedicated to prioritizing the well-being and needs of both employees and clients. Recognized for seven consecutive years by American Banker as one of the ‘Best Banks to Work For’ in the nation, our unique culture is our greatest asset. We foster a diverse, equitable, inclusive, and safe workspace, treating each employee as a valued family member. Our transparent communication and respect for feedback at all levels create a hospitable environment. Employees can engage in various initiatives, including Cultural Ambassador Sub-Committees focused on Wellness, Employee Fun, Diversity & Inclusion, and Environmental Awareness, as well as community service through our Volunteerism outreach and the LIFT committee, which enriches the lives of women. The culture at Peapack Private is truly exceptional!

Requirements

• Proven experience in commercial loan closing processes.
• Strong understanding of regulatory compliance and documentation requirements.
• Excellent organizational skills and attention to detail.
• Ability to manage multiple transactions simultaneously and communicate effectively with various stakeholders.

Nice To Haves

• Experience with agented or participated transactions, secondary market trades, letters of credit, and/or construction loans.
• Familiarity with KYC and CIP processes.
• Previous experience in a banking or financial services environment.

Responsibilities

• Lead the closing process for all loan products supported by the Commercial Real Estate (CRE) line of business.
• Manage the loan closing process, ensuring all pre- and post-closing documentation is accurate and compliant with regulatory and internal policies.
• 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, extensions, modifications, and renewals.
• Prepare, review, and approve the closing package and settlement statement.
• Review legal documents for completeness and accuracy.
• Evaluate all 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.
• Order and review required due diligence items such as title commitments, flood determinations, UCC searches, environmental assessments, and proof of insurance.
• Act as a liaison between borrowers, attorneys, relationship managers, 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.
• Manage a pipeline of transactions, communicating status and conditions to internal and external partners.
• Maintain accurate and organized records of all transaction communications, documentation, and funding activities.
• 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

• Competitive compensation package
• Generous paid time off program
• Comprehensive medical, dental, and vision coverage
• Maternity/paternity leave
• Hybrid work environment (for most roles)
• Education reimbursement
• Wellness programs
• Participation in an Employee Stock Purchase Program
• 401K with a generous match

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree