Commercial Loan Closing Coordinator III

Provident Bank • Woodbridge, NJ

23h • $30 - $37

About The Position

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience. POSITION OVERVIEW: The position’s role is responsible for accurately facilitating all loan-closing activities and maintaining a courteous and beneficial liaison between customers, Relationship Managers and other outside professionals. Job performance is evaluated on accuracy, timeliness, productivity and customer satisfaction.

Requirements

• 5 or more years of related work experience.
• Extensive knowledge of Commercial Loan closing and ability to apply such knowledge.
• Ability to communicate clearly and effectively in both written and spoken scenarios
• Ability to manage heavy workflow, resolve problems with modest supervision, attend to detail and perform arithmetic calculations.
• Proficient with software and systems programs. (Microsoft Office)
• Bachelor’s degree

Nice To Haves

• Knowledge of Laser Pro document preparation a plus.

Responsibilities

• Prepares and reviews pre-closing documentation for commercial lending and/or commercial real estate construction and permanent loans. This includes organization of files, review of the closing documents for accuracy, assuring receipt of all required closing documentation and compliance and satisfaction of all closing conditions and covenants. Is responsible for loan set-up including completion of load sheets, calculation of required escrows, reserves and prepaid interest, preparation of general ledger debit and credit entries and initiating wire transfers.
• Coordinates and acts as a liaison with attorneys, Relationship Managers and other professionals to schedule and ensure closing takes place in a timely fashion.
• Sets up loan files in accordance with standard department procedures; coordinates related closing responsibilities with Loan Administrator. Prepares and processes post-closing documents and reports for input to the Bank’s systems.
• Maintains loan closing reference procedures to guide and regulate closings, modifications and conversions.
• Assists in daily department responsibilities including customer inquiries and problem solving.
• Prepares and processes department reports including pipeline and closing reports. Verifies OFAC and Patriot Act information and related duties as required. Reviews mortgage discharges for accuracy.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

What This Job Offers

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