Commercial Loan Closer III

Peapack-Gladstone Bank • Bedminster, NJ

89d • $89,550 - $110,000 • 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 other like family and maintaining transparent communication throughout the organization. Employees are encouraged to engage in various initiatives, including Cultural Ambassador Sub-Committees focused on Wellness, Employee Fun, Diversity & Inclusion, and Environmental Awareness, as well as community service activities through our Volunteerism outreach. The position of Commercial Loan Closer III involves leading the closing process for all loan products supported by the Commercial Loan Closing Team for the Commercial and Industrial (C&I) line of business. This role requires managing the loan closing process, ensuring all documentation is accurate and compliant with regulatory and internal policies.

Requirements

• Bachelor's degree in business related field preferred
• Minimum 10+ 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
• 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, 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, 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.
• 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.

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
• Performance-based incentives

What This Job Offers

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