Commercial Loan Closer

Suncoast Credit Union • Tampa, FL

1d • $27 - $36 • Hybrid

About The Position

The Commercial Loan Closer works with business lenders, business members, and the legal department to effectuate the documentation, closing, and booking of business loans such as automobiles, equipment, and lines of credit. This individual strives to meet the financing needs of the member while meeting established deadlines.

Requirements

• Bachelor's degree in business administration, legal studies, or a related field. (A compatible combination of work experience and training may be substituted for education requirements.)
• Previous experience in a commercial lending environment desired.
• Able to prioritize tasks, deal effectively with competing and changing priorities, and meet deadlines. Accurate, detail-oriented, and organized. Able to analyze and resolve routine problems and situations.
• Basic knowledge and understanding of Credit Union products, services, policies, and procedures pertinent to the job.
• Basic knowledge and understanding of regulatory compliance necessary to successfully perform job responsibilities.
• Basic knowledge and understanding of all Credit Union computer systems and software applications required to perform job duties.
• Good verbal and written communication skills and interpersonal skills in order to interact professionally and effectively with members, staff, vendors, and government regulators. Able to explain fact, policies, and practices.
• Work is closely supervised.

Responsibilities

• Prepares loan and collateral documentation for various loan types and structures including lines of credit, term loans, commercial mortgages, construction loans, and equipment loans.
• Prepares term sheets and/or loan commitment letters for approved business loans.
• Analyzes loan transactions and works with legal counsel to assist with preparing legal documents required to close business loans. Ensures loans are documented and closed according to the credit approval.
• Performs appropriate due diligence tasks and ensures conditions precedents are met prior to closing and funding a loan or making future advances on business loans.
• Collaborates with internal and external counsel, title companies, and the Accounting Department to meet funding and wiring requirements for closings on commercial loans.
• Manages and clears post-closing legal documentation exceptions in compliance with Suncoast Credit Union policy.
• Prepares loan satisfactions and records the same with government entities.
• Assists business members with questions related to their business loans and acts as a liaison for them with business lenders and internal and outside legal counsel. Assists service center staff with business lending questions.
• Monitors construction projects throughout their draw period.
• Prepares loan files to be scanned and indexed.
• Attends job-specific training classes as requested by manager. Completes annual BSA/AML compliance training and understands employee’s role in maintaining an effective BSA/AML compliance program, and completes FACT Act Red Flag training.

Benefits

• Financial Well-Being: Bonus Program up to 12%, 401K Matching up to 8%, Retirement Planning, Pay Increases based on Competency, Employee Loan Discounts, Flex Spending Accounts
• Wellness: Medical Coverage, Dental and Vision Coverage, Access to 4,000+ Gyms, Mental Health Resources, PTO Wellness Days, Short Term and Long Term Disability Coverage
• Work-Life Balance: 11 Paid Holidays, 3 weeks of Paid Time Off, 4 weeks of Paid Parental Leave, Birthday PTO
• Community Involvement: Paid Volunteer Hours
• Growth: Degree Assistance up to $5,000 per year

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 1,001-5,000 employees