Commercial Loan Closing Specialist

Raymond James • Pittsburgh, PA

1d

About The Position

Summary of the Position: The Commercial Loan Closing Specialist coordinates the loan closing process for new loans and modifications to existing loans within the C&I and CRE portfolio. This includes performing necessary due diligence (i.e. flood work, engaging inspectors & environmental engineers, review of insurance), reviewing loan approvals and draft documents, ensuring all closing conditions have been met and scheduling closings.

Requirements

• Post-secondary degree preferred
• Minimum 4 years of experience, including 2 years of bank operations processing, loan closings or related experience
• Commercial Real Estate experience
• Demonstrated knowledge of loan documentation and lending regulations and ability to effectively interface with customers, internal and external counsel, compliance, credit, title companies, inspectors, insurance companies and other external contacts
• Job may require additional hours of work during peak periods to meet service levels
• Must demonstrate strong follow-up skills and the ability to prioritize tasks effectively
• Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
• General Experience - 7 to 12 months
• Resident

Responsibilities

• Liaise with Bank Counsel to review complex loan documents
• Participate actively in deal closing calls that include internal and external deal team members and counsel
• Ensure documentation accurately reflect the conditions and structure set forth in the credit approval
• Work with Relationship Manager/Underwriter to understand the transaction and make sure that all relevant documentation and necessary due diligence is obtained
• Prepare funding requests and ensure accurate and complete funding information to ensure a timely closing
• Resolve post-closing loan requirements and clear exceptions.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees